CLEVELAND, OH - April 25, 2007 "“ KeyBank today announced that it has provided more than $1 billion in capital to qualified women-owned businesses through its Key4Women program, surpassing its 2005 pledge to lend $1 billion to women-owned firms by February of 2008. Having exceeded its goal nearly a year ahead of schedule, KeyBank also announced that it will continue to support the accelerated success of women-owned businesses by pledging another $2 billion in capital for this group over the next five years.

"Providing more than $1 billion to women-owned businesses in less than three years is an important milestone in our efforts to ensure that women know how and when to use capital to help their businesses thrive," said Maria Coyne, Executive Vice President, Key4Women. "KeyBank is strengthening its commitment to these women entrepreneurs even further by making another $2 billion in capital available to them over the next five years."

As one of the nation's largest financial services companies and top small business lenders, Key already provides financial services to nearly 85,000 women-owned businesses in 13 states. Female entrepreneurs represent a highly dynamic segment of the small business market. According to the Center for Women’s Business Research, the number of women-owned firms is growing twice as fast as the number of businesses overall and represent 40 percent of all businesses in the United States. In addition, these firms generate nearly $2 trillion in sales and employ 12.8 million people.

KeyBank's commitment to women-owned businesses is driven by Key4Women, a program established in 2005 to provide female entrepreneurs with access to capital, financial solutions, educational offerings and networking opportunities, along with other meaningful programs. Key4Women also offers customized service and financial expertise through a team of dedicated Key4Women Relationship Managers. Key4Women resources include:

• Key4Women Club, a free membership organization that provides Key4Women clients with educational resources and networking events to help them meet their ambitious business goals. The current multi-city series, "Financing Growth: Strategies for Women Business Owners," features women business owners sharing the strategies and solutions that helped their business thrive.

• The educational guide Financing Business Growth: Proven Strategies for Women Business Owners from Women Business Owners, https://www.key.com/html/I-5.resource.html produced in collaboration with the Center for Women’s Business Research, which provides stories of successful women entrepreneurs as well as advice, ideas, resources and an overview of appropriate options for financing growth. KeyBank underwrote the guide through Key4Women.

• Sponsorships with other organizations that support women-owned businesses, including the Center for Women’s Business Research, Women Presidents' Organization, eWomenNetwork and Go Red For Women.

Coyne continued: "By recognizing that growth is a priority for female business owners, Key4Women serves as a meaningful resource for women, one that provides them with the financial resources and support they need to help their businesses succeed."

About KeyCorp
Cleveland-based KeyCorp (NYSE:KEY) is one of the nation's largest bank-based financial services companies, with assets of approximately $93 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. For more information, visit https://www.key.com/. Key4Women, a unique program launched by KeyBank, helps women business owners by providing them access to capital; customized service; financial tools and relevant networks, and underscores Key's support of causes and activities that matter most to women. Learn more about Key4Women at https://www.key.com/women.

Note to Editors: For up-to-date company information, media contacts and facts and figures about Key's lines of business, visit our Media Newsroom at Key.com/newsroom.

KeyBank

KeyBank

KeyCorp's roots trace back nearly 200 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 $187 billion at June 30, 2024.

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 1,000 branches and approximately 1,200 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 Member FDIC.

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