AKRON, OH - The KeyBank Eastern Ohio district today entered an ongoing relationship with Family Services of Summit County to provide vehicle loans of up to $3,000 to 120 area families through the nonprofit's WAYS to WORK loan program.

Since the Summit County program's inception in 1996, more than 300 area families have benefited from loans exceeding a combined total of $700,000. WAYS to WORK/Family Services is significantly increasing the number loans provided through its relationship with KeyBank following receipt of a $500,000 grant from the Department of Transportation.

The vast majority of borrowers in WAYS to WORK loan programs nationwide are families in need of short-term support to "get on their feet." Through the program, Family Services evaluates, approves and processes each loan application and fully supports loan repayments by working with each borrower to establish and/or repair his/her credit history through a spending plan that supports the loan repayment. WAYS to WORK loans are typically repaid within two years of their closing.

The agreement marks KeyBank's first-ever participation in the program and serves as a model for helping people and communities achieve economic self-sufficiency through similar relationships with WAYS to WORK/Family Services organizations in KeyBank districts from Maine to Alaska.

"WAYS to WORK is a pathway for families to establish conventional banking and financial services relationships," says KeyBank Eastern Ohio District President Thomas E. Tulodzieski. "We look forward to helping Family Services of Summit County make that a reality, while forging strong relationships to better understand and guide each family toward achieving its financial goals in all stages of life."

Family Services of Summit County

Family Services is a not for profit, multi service agency that has provided professional, high quality counseling, education, and support services to the Summit County (Ohio) area since 1912. Through a variety of programs and services, the organization helps families with the many challenges of daily living and with personal crises arising from a variety of problems, including personal adjustment issues, mental illness, teenage parenting, alcohol and drug addictions, school adjustment and behavior concerns, adoption, deafness and similar concerns. Visit www.familyservs.org, or call 330.376-9494, for more information about the WAYS to WORK loan program.

KeyBank Eastern Ohio District

Eastern Ohio is the seventh largest of KeyBank's 24 districts nationwide, with 38 KeyCenters (branches) and 69 ATMs spanning Carroll, Columbiana, Mahoning, Medina, Portage, Stark, Summit, and Trumbull counties. The KeyBank Eastern Ohio District employs 500 people under the leadership of District President Thomas E. Tulodzieski.

KeyCorp

Cleveland-based KeyCorp (NYSE: KEY) is one of the nation's largest bank-based financial services companies, with assets of approximately $84 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. The company's businesses deliver their products and services through KeyCenters and offices; a network of nearly 2,200 ATMs; telephone banking centers (1.800.KEY2YOU); and a Web site, Key.com,® that provides account access and financial products 24 hours a day.

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KeyBank

KeyBank

KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $176.2 billion at March 31, 2021. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,100 branches and more than 1,400 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC. 

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