KeyBank National Association
Cleveland, Ohio, Cuyahoga County
$189B in total assets, the 23rd largest of 4,309 US banks and 5th of 160 headquartered in Ohio.
- FDIC certificate
- 17534
- Established
- 1849
- Owned by
- Keycorp
- Primary regulator
- OCC
- Website
- www.key.com
At a glance
Compared with 31 US banks with over $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $189B | 29% | $255B | |
| Loans | $112B | 36% | $149B | |
| Deposits | $158B | 29% | $225B | |
| Return on assets | 1.27% | 64% | 1.20% | |
| Net interest margin | 3.11% | 42% | 3.14% | |
| Efficiency ratio | 54.8% | 52% | 54.8% | |
| Equity to assets | 9.93% | 58% | 9.69% | |
| Loans to deposits | 71% | 45% | 74% |
Growth
Total assets grew 1.1% a year over the last 5 years and 6.6% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Oct 2016 | First Niagara Bank, National Association Buffalo, NY, an affiliate under the same holding company | $32.9B |
| Sep 2014 | (unknown, CERT 91385) , OH | $18M |
| Jan 2008 | Union State Bank Nanuet, NY | $2.8B |
| Nov 2004 | EverTrust Bank Everett, WA | $761M |
| Oct 2004 | Key Bank USA, National Association Cleveland, OH, an affiliate under the same holding company | $10.4B |
| Jan 2003 | Union Bank & Trust Denver, CO, an affiliate under the same holding company | $506M |
| Dec 2000 | (unknown, CERT 26596) , OH | $33M |
| Dec 2000 | (unknown, CERT 27177) , OH | $17M |
| Dec 2000 | (unknown, CERT 33968) , OH | $200M |
| Dec 2000 | (unknown, CERT 33969) , OH | $19M |
| Dec 2000 | (unknown, CERT 90992) , OH | $44M |
| Jul 1998 | (unknown, CERT 33575) , OH | $5M |
| Jun 1998 | Keybank National Association Bedford, NH, an affiliate under the same holding company | $166M |
| Jun 1997 | KeyBank National Association Salt Lake City, UT, an affiliate under the same holding company | $1.4B |
| Jun 1997 | Keybank National Association Fort Collins, CO, an affiliate under the same holding company | $1.4B |
| Jun 1997 | KeyBank National Association Boise, ID, an affiliate under the same holding company | $1.4B |
| Jun 1997 | KeyBank National Association Burlington, VT, an affiliate under the same holding company | $656M |
| Jun 1997 | KeyBank National Association Tacoma, WA, an affiliate under the same holding company | $335M |
| Jun 1997 | KeyBank National Association Anchorage, AK, an affiliate under the same holding company | $897M |
| Jun 1997 | Keybank National Association Albany, NY, an affiliate under the same holding company | $15.6B |
| Jun 1997 | Keybank National Association Portland, ME, an affiliate under the same holding company | $3.8B |
| Jun 1997 | KeyBank National Association Tacoma, WA, an affiliate under the same holding company | $8.1B |
| Jun 1997 | KeyBank National Association Portland, OR, an affiliate under the same holding company | $3.0B |
| Jun 1997 | Key Trust Company of Florida, National Association Naples, FL, an affiliate under the same holding company | $8M |
| Jun 1996 | Keybank National Association Bryan, OH, an affiliate under the same holding company | $4.5B |
| Sep 1994 | State Home Savings Bank, F.S.B. Bowling Green, OH | $335M |
| Aug 1993 | Society Bank & Trust Toledo, OH, an affiliate under the same holding company | $2.3B |
| Sep 1992 | AmeriTrust Development Bank Cleveland, OH, an affiliate under the same holding company | $31M |
| Jul 1992 | AmeriTrust Company National Association Cleveland, OH, an affiliate under the same holding company | $6.8B |
| Feb 1992 | Society Bank, National Association Dayton, OH, an affiliate under the same holding company | $2.8B |
| Sep 1989 | Society Bank of Eastern Ohio, National Association Canton, OH, an affiliate under the same holding company | $1.4B |
| May 1987 | Society Bank of the Firelands Vermilion, OH, an affiliate under the same holding company | $138M |
| May 1987 | Society Bank of Northwest Ohio Port Clinton, OH, an affiliate under the same holding company | $94M |
| Feb 1986 | Central National Bank of Cleveland Cleveland, OH, an affiliate under the same holding company | $2.1B |
| Feb 1986 | Centran Bank of Akron Akron, OH, an affiliate under the same holding company | $340M |
| Sep 1982 | The Second National Bank of Ravenna Ravenna, OH | n/a |
| Sep 1980 | The First National Bank of Harrison Harrison, OH | n/a |
| Mar 1980 | First National Bank of Clermont County Bethel, OH | n/a |
| Jul 1979 | Society Bank of Painesville Painesville, OH | n/a |
Where they operate
951 branches in 206 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Cuyahoga County, OH | $61.7B | 54.9% | 1 of 27 |
| Albany County, NY | $7.7B | 43.5% | 1 of 17 |
| King County, WA | $6.2B | 6.0% | 5 of 38 |
| Erie County, NY | $6.2B | 9.8% | 2 of 20 |
| Allegheny County, PA | $3.5B | 2.0% | 7 of 31 |
| Monroe County, NY | $3.3B | 16.2% | 2 of 16 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 29 branches since 2016 (980 to 951, −3.0%). 16 opened, 312 acquired, 357 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 980 | |||
| 2016 | Acquired First Niagara Bank, National AssociationOpened 7 in 3 states, closed 55 in 9 states | 319 | 55 | +264 | 1,244 |
| 2017 | Closed 21 in 9 states | 0 | 21 | −21 | 1,223 |
| 2018 | Closed 41 in 12 states | 0 | 41 | −41 | 1,182 |
| 2019 | Opened BuffaloClosed 61 in 11 states | 1 | 61 | −60 | 1,122 |
| 2020 | Closed 26 in 10 states | 0 | 26 | −26 | 1,096 |
| 2021 | Closed 74 in 13 states | 0 | 74 | −74 | 1,022 |
| 2022 | Opened American ForkClosed 29 in 6 states | 1 | 29 | −28 | 994 |
| 2023 | Opened Colorado Springs and Salt Lake CityClosed 18 in 7 states | 2 | 18 | −16 | 978 |
| 2024 | Opened RedmondClosed 23 in 10 states | 1 | 23 | −22 | 956 |
| 2025 | Opened 3 in 3 statesClosed 7 in 3 states | 3 | 7 | −4 | 952 |
| 2026 through Q2 | Opened TroyClosed Pound Ridge and Seattle | 1 | 2 | −1 | 951 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Business (C&I) | 33% | 18% | |
| 1-4 family residential | 21% | 19% | |
| Commercial real estate | 8% | 7% | |
| Consumer | 5% | 20% | |
| Multifamily | 5% | 3% | |
| Construction and land | 3% | 2% | |
| Agricultural | 1% | 0% | |
| Other | 24% | 31% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 73% | 71% | |
| Noninterest-bearing | 19% | 16% | |
| Time deposits | 8% | 13% |
Brokered deposits are 2.9% of deposits (peers 7.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.86% | 0.86% |
| Net charge-offs, annualized | 0.39% | 0.35% |
| Reserves to loans | 1.30% | 1.49% |
| Leverage ratio | 9.92% | 9.39% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Ohio
Largest competitors in Cuyahoga County, OH
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/keybank