KEYBANK NATIONAL ASSOCIATION/OH

KeyBank National Association is an American regional bank that provides a variety of consumer banking products and services. The company was formed in 1994 but can trace its history back to 1825 to the Commercial Bank of Albany, New York. The Commercial Bank of Albany was chartered in 1825, although it would be reorganized under the National Banking Act of 1864 and become the National Commercial Bank of Albany. The company would continue to have moderate growth and expansion for over a century, merging with First Trust and Deposit in 1971 to become the First Commercial Banks, renaming itself to Key Bank in 1979. At that point an ambitious new CEO named Victor J. Riley, Jr. would focus on growth and expansion through acquisitions, merging with numerous companies through New York before expanding his scope, growing the company’s assets from $3 billion to $15 billion in just four years between 1985 and 1990. The Society National Bank was founded as Society for Savings in 1849 as a mutual savings bank by Samuel H. Mather. The bank would remain extremely conservative despite its growth, allowing it to avoid the numerous depressions and financial panics from its inception into the 20th century. The company would become a public company in 1958 and begin acquiring a variety of small banks, renaming itself into Society National Bank. In the early 1990s, the company would acquire Trustcorp and Ameritrust Bank. In 1994, the Society National Bank would merge with Key Bank to form the current KeyBank company, the leading subsidiary of KeyCorp, and make it one of the top 10 U.S. banks for a period of time. The bank currently employs over 14,000 people and has a total of over $91 billion total assets. KeyBank is the 29th largest bank in the U.S. and is a nationally chartered bank with over 1,000 branches located in 31 states.