Cleveland-based KeyBank, one of the largest bank-based financial services companies in the United States, recently announced it is expanding its middle market commercial banking capabilities in Southeast Michigan.
The expansion is part of KeyBank’s growth strategy and addresses middle market companies’ need for Midwestern banks that can deliver relationship‑driven service alongside sophisticated financing and advisory solutions. The bank entered the Michigan market in 2004, expanding into Western Michigan in 2021. The expanded team will be located in KeyBank’s Michigan headquarters in Southfield and will focus on serving companies with between $10 million and $1 billion in revenue.
“Middle market companies in Southeast Michigan deserve a banking partner with both local authority and national scale,” Ken Gavrity, Key Commercial Bank president, said. “By investing in an experienced local team backed by the full depth of our platform — from payments to capital markets and M&A advisory — we are positioning KeyBank to support Michigan businesses at every stage of growth and accelerate our path to market leadership.”
KeyCorp provides deposit, lending, cash management and investment services in 15 states under the name KeyBank National Association and corporate and investment banking products under the KeyBanc Capital Markets. It has assets of approximately $189 billion.