History of KeyBank in Timeline

KeyBank is an American regional bank headquartered in Cleveland, Ohio. It was formed in 1994 through the merger of Society Corporation and KeyCorp. KeyBank is the 27th largest bank in the United States, with approximately 1,000 branches and over 1,200 ATMs. Its operational footprint spans across the Midwest, Pacific Northwest, and Northeast United States, including locations in Alaska, Colorado, Texas and Utah.

July 29, 2016: KeyCorp acquires First Niagara Bank

On July 29, 2016, KeyCorp acquired First Niagara Bank for $4.1 billion in cash and stock, strengthening Key's presence in Upstate New York, New England, and entering Pennsylvania.

April 2019: Keybank Acquires Laurel Road

In April 2019, Keybank acquired Laurel Road.

May 13, 2019: KeyBank Announces Tellerless Branch

On May 13, 2019, Keybank announced it would be opening its first tellerless branch in Boulder, Colorado, featuring private offices and "financial wellness consultants" instead of teller lines.

September 2019: Christopher Gorman Appointed President

In September 2019, Christopher Gorman was appointed president of KeyCorp.

May 1, 2020: Christopher Gorman Assumes Leadership Role

On May 1, 2020, Christopher M. Gorman assumed the role of Chairman, Chief Executive Officer, and President of KeyCorp.

June 2023: KeyBank Provides Financing for Senior Housing

In June 2023, KeyBank provided $21 Million in financing options for seniors in a senior housing initiative based in New York.

February 2026: KeyBank Employee Charged with Theft

In February 2026, a KeyBank employee was charged with grand larceny, identity theft, and falsifying business records after stealing over $15,000 from a deceased customer's account.