4.0
Oct 21, 2008
Former employee
Syracuse, NY
Recommend
CEO approval
Business outlook
Pros
Strong senior management team. Super regional bank located in wide geographic location in U.S. Committed to remaining independent.
Cons
Struggling with credit quality problems. Retail branch network not located in growth markets. HQ in low growth mid-west. Heavily reliant on commercial Real Estate Division to achieve profit plan. Key Bank has recently closed several commercial real estate production offices and shut down all of its home builder lending program. There have been a number of layoffs and more are possible. The bank's stock price has taken quite a hit.