February 7, 2024
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KeyBank (NYSE: KEY) announced placement of $50 million in deposits with six Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs), including four Black-owned banks or managed banks and two banks serving Alaskan Native and Native American communities. As a founding member of the Economic Opportunity Coalition, KeyBank is pioneering the support of placing deposits with urban and rural community lending institutions to further enhance their ability to serve historically under-resourced communities. This effort is one of many that symbolizes KeyBank's larger purpose: to help clients and communities thrive.