Community is Key®: Alaska Banking*
- KeyBank has earned an Outstanding rating overall on each of its last 6 CRA exams. For the State of Alaska, KeyBank earned an Outstanding rating in its most recent CRA exam. The exam was comprised of the following components and respective ratings:
- Lending Test = Outstanding
- Investment Test = Outstanding
- Service Test = High Satisfactory
- You may view KeyBank's most recent CRA exam.
- KeyBank has 17 branches and 19 ATMs in Alaska.
- The Anchorage metropolitan statistical area has approximately 63% of Key's deposits in Alaska. The remainder of the deposits is located in Fairbanks and other non-urban areas.
- Alaska accounts for approximately 1.2% of KeyCorp's total deposits, or $701,132,000 as of June 30, 2006.
- The total number of KeyCorp employees in Alaska was 138.
Investments and Loans
- Key has made over $12,233,000 in community development investments in Alaska.
- These investments have created 166 units affordable housing in Alaska.
- Key made over $673,000 in community development loans, which benefited low and moderate income residents, in Alaska in 2005 and 2006.
- In 2005 and 2006, Key made over 400 mortgages totaling more than $48,330,000 including home purchase, home improvement, and refinances in Alaska.
- Key made 25 SBA loans totaling $5,309,000 during 2005 and 2006 in Alaska.
- Key has made over 600 small business loans in the state, totaling more than $172,315,000 in 2005 and 2006.
- In 2005 and 2006, Key has made 42 contributions to non-profits in Alaska totaling approximately $208,000.
- Because Key is committed to serving all segments, it continues to explore products and services that meet community needs. KeyBank Plus allows customers to cash their approved payroll or government check for a special low rate. An account with KeyBank is not required and clients on ChexSystems are welcome. Becoming a KeyBank Plus member gives customers special privileges such as free money orders when they cash a check.
- Economic growth and inclusion is a business imperative for KeyBank. Our corporate-wide Supplier Diversity initiative is designed to develop strategic supplier and client business relationships with minority and women-owned businesses (M/WBEs), thus reflecting our commitment to the communities we serve our clients and shareholders.
- With a dedicated Supplier Diversity team, housed in Community Development Banking, KeyBank set a five-year plan to reach 10% M/WBE procurement spend by 2006. In November, 2006 Key surpassed that mark, reaching 11.8% or $84 million of meaningful procurement opportunities for over 400 M/WBEs from across the country.
- Our goal is to continue to expand and deepen our diverse supplier base. We encourage you to learn more about becoming a member of Key's nationwide business network.
* All numbers are as of December 31, 2006 unless otherwise noted. All dollars are rounded to the nearest thousand.