Diverse Group of Community Leaders Will Provide Partnership and Accountability for $16.5 Billion National Community Benefits PlanRegional Councils Also Formed in Western New York, Albany and Great Lakes
CLEVELAND, Aug. 16, 2017 /PRNewswire/ -- KeyBank today announced it formalized a National Advisory Council as part of its $16.5 billion National Community Benefits Plan. The council, which includes a diverse group of community leaders from across KeyBank's markets, will help oversee KeyBank's plans to provide transformational and meaningful community investment.
Launched earlier this year, KeyBank's five-year National Community Benefits plan is focused on supporting people and neighborhoods by providing safe and decent affordable housing, small business and farm lending, mortgage lending to low-to-moderate income communities, and philanthropy. Detailed information about KeyBank's National Community Benefits Plan can be found at: https://www.key.com/about/promotions/cb-plan.jsp.
The plan was developed in partnership with the National Community Reinvestment Coalition (NCRC) and included input from over 80 community organizations across the 15 states served by KeyBank. Several of these organizations and members of NCRC will be part of the National Advisory Council.
"The National Community Benefits plan embodies and amplifies KeyBank's purpose to help clients and communities thrive," said Beth Mooney, Chairman and CEO, KeyCorp. "We believe in the power of partnership and accountability as we carry out this mission. The National Advisory Council will ensure that we have both as we move forward."
"KeyBank's commitment raised the bar," said John Taylor, President & CEO of NCRC. "Leadership matters, and when it mattered most Beth Mooney and her team stepped up and delivered for communities. We look forward to a meaningful partnership of mutual accountability as we work together to build stronger communities."
The National Advisory Council, whose members will serve in a voluntary capacity, will meet at least twice a year to:
- assess KeyBank's progress against the goals of the National Community Benefits Plan;
- provide insight and counsel on products and services; and,
- remain informed about KeyBank's strategies around community investment.
The first meeting of the national council was held on August 3, 2017, in Cleveland, Ohio. Additionally, KeyBank has also formed regional advisory committees in: Buffalo, NY; Albany, NY; and the Great Lakes Region (including Ohio, Indiana and Michigan). The regional councils held their first meetings during the week of August 7.
Members of the KeyBank National Advisory Council are:
Coastal Enterprises Inc.
President and CEO
Avanath Capital Management
Refugee Women's Alliance
Community and Shelter Assistance Corp.
President & CEO
YWCA of Dayton
President & CEO
Local Initiative Support Corporation
New York, NY
Consumer Education & Data Coordinator
Western New York Law Center Buffalo, NY
Mi Casa Resource Center
President & CEO
Enterprise Community Partners
New York, NY
Community Loan Fund of the Capital Region
Empire Justice Center
India Pierce Lee
Interim Executive Director
Neighborhood Housing Services of Greater Cleveland
Portland Housing Center
Hubert Van Tol
Jesse Van Tol
Chief Operating Officer
National Community Reinvestment Coalition
"We could not be more pleased that such an impressive group of community leaders will be part of our National Advisory Council," said Bruce Murphy, Head of Corporate Responsibility, KeyBank. "The depth of high-quality individuals committed to this effort speaks to the importance of community reinvestment in the banking industry. It also underscores how we approach our work in the right way, through community partnership and accountability."
For more information about how KeyBank helps clients and communities thrive, please see the 2016 Corporate Responsibility Report at: https://www.key.com/about/community/2016-csr-report.jsp.
KeyCorp was organized more than 190 years ago and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key has assets of approximately $135.8 billion at June 30, 2017, 2017. Key provides deposit, lending, cash management and investment services to individuals and small businesses in 15 states under the name of KeyBank N.A. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.
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