KeyCorp - KEY STOCK NEWS

KeyBank Foundation has announced a $300,000 investment in a new workforce training program at Action for a Better Community (ABC) in Rochester. The Energy Conservation Training Program will prepare workers for careers in home weatherization, home repair/maintenance, and energy conservation measures installation.

The program combines paid classroom instruction with hands-on field learning, providing participants with nationally certified energy conservation skills in high-demand occupations. The initiative aims to benefit both workers and property owners by improving home living conditions, reducing energy costs, and extending housing stock life. Since 2017, KeyBank has invested over $1 billion in the Rochester market, supporting affordable housing, community development, small business lending, and philanthropy.

KeyBank has granted $225,000 to NeighborWorks Salt Lake (NWSL) to support their CareerWorks program, which provides healthcare career training to lower-income diverse community members. The program, initiated during the Covid pandemic, offers training in phlebotomy, certified nursing assistant, and medical translation, maintaining a 95% completion rate.

The initiative aims to create medical career readiness employment opportunities while diversifying the healthcare workforce. NWSL, a 47-year-old nonprofit organization, focuses on strengthening communities through housing, resident leadership, and economic development opportunities. KeyBank, with assets of approximately $190 billion as of September 30, 2024, operates across 15 states through approximately 1,000 branches and 1,200 ATMs.

KeyCorp (NYSE: KEY) announced receiving all required regulatory approvals for Scotiabank's strategic minority investment. The Federal Reserve approved Scotiabank's remaining approximately 10% investment, expected to close in 2024. The initial 4.9% investment was completed on August 30, 2024. KeyCorp's CEO Chris Gorman expressed satisfaction with the approval, noting meaningful results from the first investment tranche and highlighting that the completed transaction will create additional growth capacity and enable further investments across the franchise.

KeyBank has awarded over $525,000 to 16 Western Pennsylvania organizations through Pennsylvania's Educational Improvement Tax Credit (EITC) program. The program offers tax credits to businesses contributing to qualified organizations, providing a 90% state tax credit for eligible contributions to schools offering tuition assistance for low-income students or approved Educational Improvement Organizations.

Individual grants range from $25,000 to $50,000, benefiting various educational institutions in greater Pittsburgh and Erie. KeyBank, with assets of approximately $188 billion as of September 30, 2023, operates across 15 states through approximately 1,000 branches and 1,300 ATMs.

KeyBank has donated $5,000 to the 2024 Food 2 Families campaign in Buffalo, NY. The annual campaign supports FeedMore WNY, which provides nutritious food, friendship, and skills training to Western New York residents in need. The initiative operates through a food bank distribution center, partner hunger-relief agencies, and home-delivery meal programs across Cattaraugus, Chautauqua, Erie, and Niagara counties. 2024 marks the 20th anniversary of the Food 2 Families campaign, which is a partnership between FeedMore WNY, WGRZ-TV, and Tops Markets.

KeyBank has partnered with the Buffalo Sabres to support the Rasmus Dahlin Foundation with a $26,000 donation, matching Dahlin's jersey number. The foundation, established in October, aims to improve children's lives in Western New York, focusing on health, wellness, and resources for underserved communities.

The donation helps launch a new 'Text to Donate' program, where fans can text 'Dahlin' to 86225. Every $10 donation enters fans for a chance to win a meet-and-greet with Dahlin at a Sabres game. KeyBank serves as the official bank of the NHL team, with the Sabres playing their home games at KeyBank Center in downtown Buffalo.

KeyBank has awarded a $300,000 grant to Children's Home Society of Idaho to expand their Care Farm Therapy Program, which provides mental health support for Treasure Valley youth. The funding will enable the organization to:

• Hire additional clinicians
• Train 15-20 nature-based and animal-assisted therapists
• Employ a psychiatrist for medication management
• Expand partnerships with Treasure Valley schools

The program offers comprehensive mental health services including nature-based and animal-assisted therapies, medication management, and school-based counseling, particularly focusing on disadvantaged families. The Children's Home provides support for trauma, abuse, anxiety, and depression, along with peer support groups and community outreach initiatives, ensuring services are accessible regardless of financial circumstances.

KeyBank Foundation has announced $3 million in grants to eight Cleveland area non-profit organizations for 2024. The funding will support workforce development, education, and initiatives for creating safe, healthy, affordable and inclusive communities. Recipients include the Cleveland Institute of Art, Boys & Girls Clubs of Northeast Ohio, Enterprise Community Partners, College Now Greater Cleveland, May Dugan Center, Cleveland Neighborhood Progress, The Cleveland Orchestra, and The Cleveland Museum of Natural History.

Since 2017, KeyBank has invested over $1.8 billion in the Cleveland market, focusing on affordable housing, community development, small business lending, and philanthropy. KeyCorp, headquartered in Cleveland, has assets of approximately $190 billion as of September 30, 2024, operating through approximately 1,000 branches and 1,200 ATMs across 15 states.

KeyBank Foundation has granted $15,000 to the Women's Enterprise Development Center (WEDC) to support its Entrepreneur Growth Lab. The funding will enhance WEDC's ability to provide entrepreneurial training, advisory services, and capital access to small business owners in Westchester County and the Hudson Valley.

WEDC serves over 1,200 clients annually, primarily focusing on low-to-moderate income women and minorities. The organization offers MWBE certification assistance and provides programs in both English and Spanish. This grant is part of KeyBank's $40 billion commitment established in 2017 for lending and investments across its national footprint, supporting affordable housing, community development, and small business lending in low-and-moderate income communities.