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KeyBank Announces Investment of Millions in Upstate Communities

March 22, 2016

When banks merge, medium sized cities are usually hit the hardest.  Low and moderate income communities see a loss of investment, decreased services and fewer jobs - just to name a few of the negative effects.  When KeyBank announced it would be acquiring First Niagara Bank, advocates were afraid this would be the case.  But KeyBank listened to advocates and developed a community benefits plan that has advocates breathing a sigh of relief. 

For more information:

Empire Justice Center's Press Release

National Community Reinvestment Coalition's Press Release

KeyBank's Press Release

National Community Reinvestment Coalition's Summary of KeyBank Community Benefits Plan

KeyBank's Executive Summary of Community Benefits Plan

Empire Justice Center comments on KeyBank/First Niagara merger

Greater Rochester Community Reinvestment Coalition's comments on KeyBank/First Niagara merger

 





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