DAYTON, Ohio, August 22, 2006 - Columbus-based Community Capital Development Corporation (CCDC) this week deposited $2 million dollars with KeyBank in Dayton to provide loans to Dayton-area businesses through the State of Ohio 166 program.

"Our relationship with KeyBank is born out of our mutual desire to strengthen the economic vitality and the quality of life in Dayton," says CCDC Executive Director Brad Shimp. "Key is one of several local businesses providing financial expertise, but also brings essential community ties that can have a profound difference in our ability to make a lasting impact on the region's prosperity."

KeyBank's community banking initiatives are focused on the sustained economic growth of Dayton and marked by an emphasis on the financing of affordable housing and commercial redevelopment. Over the years, Key has overseen financing of the Schuster Performing Arts Center; the PrimeMed physicians office building; the Miami Valley Child Development offices; the Dayton Urban League office building and the Downtown St. Clair Arms and Downtown Lofts projects, among others.

"As well," says Shimp, "we admire Key's larger commitment to Dayton through employee volunteerism and its focused philanthropic investment in area nonprofits under the directive of helping people and communities achieve economic self-sufficiency."

More than 200 KeyBank employees in Dayton will spend the afternoon of September 14 assisting neighborhood social service and nonprofit agencies on Key's 17th annual Neighbors Make the Difference Day, one of the largest corporate volunteerism efforts in the nation. Key's employees also regularly dedicate their time to a number of organizations including United Way, American Red Cross, Children's Medical Center, March of Dimes, Dayton Urban League, Junior Achievement, Kettering Medical Center, Miami Valley Health Foundation, the Humane Society of Greater Dayton and many others.

"We share CCDC's commitment to the Dayton-area business community," says Dan Fischer, Key's Dayton district president. "We realize the critical role this organization plays in growing and developing economic opportunities in the region and we fully support their mission."

CCDC, one of Ohio's largest Small Business Administration lenders, is a private, not-for-profit corporation which offers loans to businesses throughout the state. Through several loan programs, the CCDC helps established businesses acquire equipment, buildings and land as well as providing working capital. Key provides depository and investment services to the organization through its community banking line of business in Dayton as well as assisting on loan review committees and serving on the board of directors.

The State of Ohio 166 Program assists growing manufacturing and distribution businesses in acquiring machinery, equipment and real estate by reducing overall debt service requirements through blending the "166" loan with conventional bank financing. For more information, visit http://www.ccdcorp.org/programs/programs_166.htm.

About KeyCorp
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $95 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.

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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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