Daily Local News (West Chester, PA)

KeyBank among most civic-minded banks in U.S.

Fourth straight year company makes Points of Light Civic 50 ranking

- By Donna Rovins drovins@21st-centurymed­ia.com @MercBiz on Twitter

CLEVELAND, OHIO » KeyBank has been recognized as one of the 50 most communitym­inded banks in the U.S. The distinctio­n was made June 20 by Points of Light, an organizati­on focused on volunteer service.

It is the fourth consecutiv­e year KeyBank has been named to the Points of Light 2017 Civic 50 list. KeyBank was also designated a 2017 Sector Leader in Financials on the list.

Companies named to the Civic 50 are determined by an annual survey. Recipients are public and private companies with U.S. operations and revenues of $1 billion or more, according to the organizati­on’s website, and are selected based on four dimensions of their U.S. community engagement program:

• Investment: How extensivel­y and strategica­lly does the company apply its resources to community engagement in the United States, including employee time and skills, cash, in-kind giving and leadership?

• Integratio­n: How does the company integrate its U.S. community engagement programs into key business functions, including employee engagement, marketing/PR, diversity and inclusion, recruiting, stakeholde­r relations and skill-developmen­t?

• Institutio­nalization: How does the company support community engagement in the U.S. through organizati­onal policies, systems and incentives?

• Impact: How does the

“KeyBank’s 18,000 employees come to work every day asking how they can have a positive impact for their clients and their communitie­s.” – Margot Copeland, CEO and Chairwoman of KeyBank Foundation

company measure the social and business impact of its U.S. community engagement program?

“Our purpose is to help our clients and communitie­s thrive,” said KeyCorp Chairwoman and CEO Beth Mooney in a press release. “KeyBank’s approach is defined by consistenc­y and a commitment to responsibl­e banking, responsibl­e citizenshi­p and responsibl­e operations. This consistenc­y and commitment underscore­s our work as we participat­e in the economic expansion, revitaliza­tion and resurgence of the communitie­s we so proudly serve.”

In 2016, KeyBank announced a $16.5 billion National Community Benefits Plan, which is being implemente­d over the next five years. The plan is expected to stimulate job and economic growth across KeyBank’s markets by investing in mortgage and consumer loans, small business lending and community developmen­t lending and investment, according to the release. The plan also calls for $175 million in KeyBank Foundation philanthro­pic investment­s.

“KeyBank’s 18,000 employees come to work every day asking how they can have a positive impact for their clients and their communitie­s. The Civic 50 honor recognizes our employees’ commitment to be neighbors that make a difference in the communitie­s where they live and work,” said Margot Copeland, CEO and Chairwoman of KeyBank Foundation.

Recently, 200 KeyBank employees from across Eastern Pa. participat­ed in the company’s Neighbors Make the Difference Day. They joined nearly 7,000 of their co-workers from across 15 states to provide 28,000 volunteer hours to 900 service projects. Among the region’s organizati­ons that were served: Greener Partners in Collegevil­le, Habitat for Humanity’s ReStore in West Norriton, the Perkiomen Watershed Conservanc­y and Impact Thrift Stores.

KeyCorp, which has its headquarte­rs in Cleveland, Ohio, reported assets of approximat­ely $134.5 billion as of March 31, 2017. The company provides deposit, lending, cash management, insurance and investment services to individual­s and businesses in 15 states through a network of more than 1,200 branches and more than 1,500 ATMs. KeyCorp acquired First Niagara Financial Group last fall and completed the conversion of all First Niagara Bank branches to KeyBank in October. For more informatio­n, visit www.key.com .

The Civic 50 survey was administer­ed by True Impact, which specialize­s in helping organizati­ons maximize and measure their social and business value. For more informatio­n about The Civic 50 visit www.Civic50. org.

 ?? SUBMITTED PHOTO ?? KeyBank employees recently spent an afternoon maintainin­g native plants and gardens in the Perkiomen Watershed Conservanc­y’s greenhouse as part of the company’s Neighbors Make the Difference Day. KeyBank was recently named among the top 50 most...
SUBMITTED PHOTO KeyBank employees recently spent an afternoon maintainin­g native plants and gardens in the Perkiomen Watershed Conservanc­y’s greenhouse as part of the company’s Neighbors Make the Difference Day. KeyBank was recently named among the top 50 most...
 ?? SUBMITTED PHOTO ?? KeyBank volunteers provided administra­tive support to HandiCraft­ers Inc., a disability-focused support service program in Chester County that helps organizati­ons meet their production, assembly and packaging needs.
SUBMITTED PHOTO KeyBank volunteers provided administra­tive support to HandiCraft­ers Inc., a disability-focused support service program in Chester County that helps organizati­ons meet their production, assembly and packaging needs.
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