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Corporate Social Responsibility
News
11.04.2005 ET
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CSR News from:
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KeyCorp (KeyBank)
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News Category:
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Key Grants $150,000 to Cedarville University; Establishes Financial Trading Center for Business Students
(CSRwire) Cedarville, Ohio - From the flashy electronic data ticker to the
live Bloomberg feed, students in Cedarville University's business program
have a market-savvy new environment in which to explore finance. Named in
honor of its sponsor, the KeyBank Trading Center officially opened today
during a special ceremony in Cedarville's Milner Business Administration
Building.
With support from KeyBank and the Key Foundation, the KeyBank Trading
Center will give Cedarville's 80 finance students access to leading edge
technologies and provide a more real-to-life learning experience. The
center boasts 20 double-monitor workstations, an electronic data ticker, a
data wall of constantly changing financial info, a 63-inch plasma screen
for classroom presentations, and a 37-inch monitor for live financial news
feed.
The KeyBank Trading Center is just one facet of a growing relationship
between KeyBank and Cedarville University. Over the next three years,
KeyBank intends to 1) offer professional counsel to the Cedarville finance
program, 2) host students for educational visits to its Cleveland
headquarters, 3) offer a summer internship to a Cedarville finance major,
and 4) engage the finance faculty in aspects of KeyBank's business.
Key modeled its support for the trading floor after its 2002 collaboration
with Kent State University in the funding and development of the Financial
Markets Trading Floor within Kent State's College of Business
Administration and Graduate School of Management to further emphasize
application of mathematical models to risk management problems. In 2003,
Key hired four of the first 11 graduates from the school's Master of
Science in Financial Engineering program, when the company's Interest Rate
Risk Management Group needed employees with the education and experience to
step into their jobs and get up to speed quickly.
Involvement in programs like these date back to Key's decision in 2001 to
adopt a more clearly defined corporate giving focus - one that aligns
philanthropic investments with business interests - by helping people and
communities achieve economic self-sufficiency through financial education
and workforce initiatives.
Cedarville University
Home to over 3,000 students, Cedarville is an accredited Baptist
university of arts, sciences, professional, and graduate programs.
Cedarville is located in southwestern Ohio on a 400-acre campus. For more
information, visit www.cedarville.edu
KeyCorp
Cleveland-based KeyCorp (NYSE: KEY) is one of the nation's largest
bank-based financial services companies, with assets of approximately $92
billion. Key companies provide investment management, retail and
commercial banking, consumer finance, and investment banking products and
services to individuals and companies throughout the United States and,
for certain businesses, internationally. Contact Key Foundation Senior
Program Officer Quentin McCorvey at 216-689-5505, or Quentin_mccorvey@keybank.com,
for more information about corporate grants.
Visit the KeyCorp page on Corporate Social Responsibility Wire at
http://www.csrwire.com/csr/company.mpl?company=993 for news about the
company relative to philanthropic investment, diversity, community
development, corporate governance, environment, business ethics, human
rights, and workplace issues.
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Note to Editors: For up-to-date company information, media contacts and
facts and figures about Key lines of business, visit our Media Newsroom at
Key.com/newsroom.
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