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UTICA, N.Y. — A bank with various locations is proudly commemorating 200 years of service to the community.
KeyBank was originally established in Albany in 1825.
“Our roots trace back to a time before electricity illuminated the night, before the automobile ruled the roadways, and before the telephone carried our voices across the continent.” Chris Gorman, KeyCorp chairman and CEO, said.
According to the bank’s historical website, launched for this bicentennial celebration, the Commercial Bank of Albany was founded on April 12, 1825, coinciding with the opening of the Erie Canal.
“In an era when many banks primarily serve the wealthy elite, the Commercial Bank of Albany welcomes the business of individual merchants, traders and small shareholder,” the website states.
In 1979, the bank rebranded as KeyBank Inc.
Key operates in 15 states, boasting a network of around 1,000 branches.
Based in Cleveland, Ohio, Key is among the largest bank-based financial services companies in the nation, with assets totaling approximately $187 billion as of December 31, 2024.
