KeyBank National Association is on track to acquire 37 retail banking branches owned by HSBC Bank NA in Buffalo and Rochester, NY. The closing may occur on July 13, 2012, with KeyBank purchasing 26 branches in the Buffalo area and 11 in and around Rochester, bringing to 99 the total number of KeyBank branches in those markets. This acquisition would add nearly $2.4 billion in deposits and $400 million in loans.
Bill Koehler, president, Key Community Bank said, "During conversion weekend and for several weeks afterwards, Key will have additional staff in our branches and call centers to answer questions and respond to customer needs. We will also offer extended branch hours in all of our locations in these markets on Tuesdays, Thursdays and Saturdays for a period of time after conversion to ensure a quality customer experience."
KeyCorp provides deposit, lending, cash management and investment services to individuals and small businesses in 14 states under the name of KeyBank National Association.
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by RTT Staff Writer
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