Keybank earns ‘Outstanding’ rating from Office of Comptroller of the Currency

Keybank earned an Outstanding rating from the Office of the Comptroller of the Currency on its Community Reinvestment Act exam, based on its work within the community. This is the 11th time the bank has won the award, according to a press release.

The exam period covered Jan. 1, 2019 to Dec. 31, 2021 and looked at the bank’s investments into low-to-moderate income communities such as:

  • Processed more than 69,000 loans through the Paycheck Protection Program.
  • Invested more than $900 million in tax credits and $7.5 billion in loans for affordable housing and Community Development Financial Institutions.
  • Awarded more than $43 million in grants for philanthropic efforts.

“Keybank’s purpose is to help our clients and communities thrive. Through lending, investing, philanthropy, and volunteerism, we work together to serve our neighbors and revitalize our neighborhoods,” Chris Gorman, chairman and CEO, KeyCorp, said in the release. “Our long record of ‘Outstanding’ CRA ratings is a testament to our enduring commitment to being both a responsible bank and responsible citizen. As we approach our 200th anniversary, we look forward to continuing to work with our clients and within our communities to improve access and opportunity for all.”

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