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Headquarters:
127 Public Square
Cleveland, OH 44114
Employees: 18,934
CEO: Henry Meyer III
Stock Symbol: KEY
Website:
http://www.key.com
Career
Site
Key Corp. ranks among the top banking firms
in the U.S. The company has 955 Full Service branches located
in 23 geographic districts across 13 states with a network of
1,443 ATMs. The company's major operations are located in Ohio,
New York and Washington state.
Key companies provide investment management,
retail and commercial banking, consumer finance, and investment
banking products and services to individuals and companies.
Key reported assets of $97 billion as of
December 2007 with 2.4 million individual, small business and
corporate clients.
In 2007, Key had revenues of $7.5 billion
and net income of $919 million.
In December, Key Corp. announced it would
cut 1,040 jobs across the company to reduce costs and to deal
with loan losses.
On January 1, 2008, Key acquired U.S.B.
Holding Co., Inc., the holding company for Union State Bank,
a 31-branch state-chartered commercial bank headquartered in
Orangeburg, New York. U.S.B. Holding Company had assets of $2.8
billion and deposits of $1.8 billion at the date of acquisition.
The acquisition doubles Key's branch penetration in the attractive
Lower Hudson Valley area.
Key's roots date back to 1849, when Society
for Savings of Cleveland, OH was incorporated, and to 1825, when
Commercial Bank of Albany, NY was founded.
Benefits
Key offers a comprehensive employee benefits
package including health, dental and vision plans as well as
life and travel insurance coverage.
Key will offer matching contributions to
employees who donate to schools or qualifying 501(c) organizations.
Retirement benefits:
KeyCorp 401(k) Savings Plan
- Elect to defer up to 25% of your
pay in the Savings Plan
- Key matches dollar-for-dollar up to 6 percent of your pay in
the KeyCorp Common Stock Fund
- You can choose to invest your contributions among a wide variety
of different investment funds
- You are immediately vested in the value of the contributions
you make and Key's matching contributions
KeyCorp Cash Balance Pension Plan
The company paid pension plan accumulates
money for eligible employees based on length of service and pay.
Eligible employees are automatically enrolled in the Pension
Plan if they are 21 years of age, have completed one year of
service with Key and worked at least 1,000 hours during the last
calendar year.
Stock Purchase Plan
Employees can purchase KeyCorp
common stock at a 10% discount.
Paid Time Off (PTO) and Other Forms
of Time Off - PTO combines vacation,
personal days and sick time into one "bank" of days
that you can use in any way you choose: for vacation, personal
business, appointments, to participate in volunteer activities,
for your own illness or to care for a sick family member. On-call
and commission only employees are not eligible for PTO. Key provides
other types of time-off for a variety of circumstances such as
short-term medical leave, holidays, bereavement, jury duty and
military, personal and family leaves.
Employee Assistance Program (EAP) - provides short-term
voluntary, confidential consultation by phone for you and/or
immediate family members when personal problems or work stress
threaten your well-being and/or job performance.
Short-term Medical Leave - may provide a portion of your
base pay for up to 26 weeks while you are on leave due to a non-work-related,
medically certified impairment that prevents you from working.
Long-term Disability - may continue a portion of your
pay beyond the 26 weeks covered under the short-term medical
leave coverage for qualifying disabilities. Key provides coverage
at 60% eligible earnings at no cost to you.
Key Discounts - employees are among our most valued customers.
With the Key Discounts program, employees are eligible for discounts
and special offers on our products and services and those from
select retailers that include:
- Free checking
- Free Online Banking and Investing and Key Bill Pay
- Reduced rates or fee waivers on Travelers Checks, safe deposit
boxes and credit cards
- Discounted consumer and mortgage loans
- Discounts from Key's Suppliers
- Discounts from a variety of popular online retailers
The Key Matching Gift Program - allows employees the opportunity
to personally direct some of our philanthropic resources. The
program will match dollar-for-dollar employee gifts made to qualifying
501(c)(3) organizations. All current full-time or permanent part-time
employees of KeyCorp and its wholly owned subsidiaries, who have
a least one year of service, are eligible to participate.
- Gifts made to any college, university, junior or community
college or secondary schools (containing any grades K through
12) which meet certain requirements are eligible
- Gifts made to arts and cultural organizations such as, for
example, museums, theaters, dance and opera companies, symphony
orchestras, public television, libraries, historical societies,
zoos and aquariums are eligible
- Gifts made to qualifying health and human services organizations
that generally include family life services, behavior modification,
domestic violence, disease research, prevention and treatment,
hospitals, medical centers and clinics, childcare services, elderly
care, food and clothing provision organizations are eligible
- Gifts made to civic organizations that promote the public welfare
and general good of the community are included. Examples are
affordable housing, neighborhood revitalization, advocacy, civil
rights organizations such as the NAACP, and anti-discrimination
groups such as the Anti Defamation League.
Education Assistance - Key encourages employees to participate
in outside educational activities to increase their knowledge
and improve skills. To support continued education, Key offers
education assistance through tuition reimbursement to eligible
employees.
Commuter Benefits Program - you can use pre-tax dollars
to pay for your work-related parking and/or public transportation
expenses.
Updated January 24, 2008
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