Company Profile
KeyBank
Company Overview
Cleveland-based KeyCorp (NYSE: KEY) is one of the nation’s largest bank-based financial services companies, with assets of approximately $105 billion. Key companies provide investment management, retail and commercial banking, consumer finance and investment banking products
and services throughout the United States and, for certain businesses, internationally. We deliver our products and services through 986 KeyCenters and offices; a network of 1,478 ATMs; telephone banking centers (1.800.KEY2YOU); and a Web site, Key.com®.
Where We Do Business
Our banking franchise, KeyBank N.A., is located in 14 states: Alaska, Colorado, Connecticut, Idaho, Indiana, Kentucky, Maine, Michigan, New York, Ohio, Oregon, Utah, Vermont and Washington. Key has national businesses including commercial real estate, auto finance, investment banking,asset management, education lending and equipment leasing.
Key Auto Finance (KAF) Commercial Financing Overview:
New/used car and program inventory financing
Working capital term loans, acquisition financing and lines of credit
Real estate loans to construct, improve or acquire dealership properties
Our Key Inventory Management system allows the entering of loan requests, payoff of floored units as they are sold, and access to monthly billing statements online
Interest rate management services
Deposit accounts and cash management with floor plan sweep service
Additional financial services include Investment Management, Equipment Leasing, Online Banking and more
The mission of KAF is to provide outstanding financial products and services to select automotive dealers while maintaining quality relationships that are both profitable and efficient.
In order to maintain our focus on mastering the principles identified in the Mission Statement and reflect our dedication to the success of Key AutoFinance, we believe in the following fundamentals:
We are customer driven. We will serve the needs of our customers in our chosen target market: new car dealerships and selected used car dealers.
We believe employees are our most valuable asset and are dedicated to making KAF an enjoyable and rewarding work environment.
Lean organization. Our organizational structure is flat, which means there are fewer levels between the top of KAF and the customer. KAF believes that a flat organization facilitates good communication and decision-making.
Teamwork. We are committed to teamwork. We can only achieve our goals, both individually and as an organization, by serving our customers' needs as a team.
We will be the chosen provider of products and services of our target market and earn the highest degree of customer loyalty.
We are committed to open communications throughout all levels of our organization.
We are committed to nurturing an environment which supports and rewards prudent risk-taking and innovation.
We are a performance-driven organization that rewards high performance.
We provide consistent, seamless service of all automotive financing products and services by all Key AutoFinance representatives. Cross-trained on all products, in product knowledge, service quality and technical expertise, Key AutoFinance employees will be equally capable
Notable Accomplishments / Recognition
Strategic Priorities
- Strong reserves and capital
- More efficient and effective business models
- Robust risk-management culture with focus on risk-adjusted returns
- Relationship-focused business strategies
- Capable, diverse and engaged workforce