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January 27, 2011

KeyBank keeps expanding in Washington

  • The bank ramped up its expansion plans when the real estate market dropped, allowing it to grab properties that wouldn't have penciled out at higher prices.
    • By SAM BENNETT
    Special to the Journal

    Image courtesy of Vocon [enlarge]
    Key started its expansion in 2009 and will continue into 2012. It is adding 22 branches. As many as seven are expected to go out to bid later this year.

    Unlike some of the banks that failed during the 2008-09 financial crisis, KeyBank remained conservative in its business practices and managed to sidestep catastrophe.


     
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