KeyCorp Announces Prime Lending Rate Shift to 7.00 Percent
KeyCorp Adjusts Prime Lending Rate
KeyCorp (NYSE: KEY) has made a significant announcement regarding its financial offerings. The bank has decided to lower its prime lending rate from 7.25 percent to 7.00 percent, effective shortly. This change reflects the bank's commitment to providing competitive rates and valuable services to its customers.
About KeyCorp's Longstanding Service
As KeyCorp approaches its bicentennial in 2025, the institution is proud to reflect on its legacy of 200 years of dedicated service to clients and communities. With a presence that spans from Maine to Alaska, KeyCorp is well positioned to meet the needs of a diverse clientele.
Comprehensive Financial Services
Headquartered in Cleveland, Ohio, KeyCorp ranks among the nation's largest bank-based financial services companies. As of late September 2025, the organization manages approximately $187 billion in assets. This extensive portfolio underscores KeyCorp's capability to provide a wide array of financial services.
Branch and ATM Access
KeyBank National Association operates through a network of roughly 1,000 branches and about 1,200 ATMs across 15 states. This expansive network ensures clients have easy access to deposit, lending, cash management, and investment services tailored to meet their financial goals.
Corporate and Investment Banking
In addition to retail banking, KeyCorp offers sophisticated corporate and investment banking solutions. Under the KeyBanc Capital Markets brand, the company provides services that range from merger and acquisition advisory to debt and equity financing. This robust offering enables KeyCorp to support middle-market companies in various industries throughout the United States.
Looking Ahead
The recent adjustment in the prime lending rate signifies KeyCorp's ongoing efforts to enhance customer experience and strengthen its position in the banking sector. By adapting to market conditions, KeyCorp reaffirms its role as a trusted financial partner to individuals and businesses alike.
Frequently Asked Questions
What is KeyCorp’s new prime lending rate?
KeyCorp has lowered its prime lending rate to 7.00 percent.
When did the new prime rate take effect?
The new prime lending rate took effect on October 30, 2025.
What services does KeyCorp offer?
KeyCorp provides deposit, lending, cash management, and investment services, as well as corporate banking solutions.
How many branches does KeyBank operate?
KeyBank operates around 1,000 branches and approximately 1,200 ATMs across 15 states.
What is KeyCorp's heritage?
KeyCorp is celebrating its 200th anniversary in 2025, marking two centuries of service to its clients and communities.
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