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Tag: KeyCorp

KeyBank Makes $450,000 Grant to Support Food Bank of the Rockies’ Culturally Responsive Food Initiative

Food Bank of the Rockies and KeyBank announced a $450,000 grant from KeyBank at a mobile food pantry hosted by Food Bank of the Rockies last week at Dick’s Sporting Goods Park.

Since its founding in 1978, Food Bank of the Rockies has been a leader in the fight against hunger. The organization serves about half of Colorado and all of Wyoming, providing food and other essentials to over 800 Hunger Relief Partners and through signature programs like their monthly 70-plus mobile pantries.

READ — Rising Food Costs Create Unique Challenges for Hunger-Focused Agencies

The KeyBank grant will aid Food Bank of the Rockies in purchasing fresh and nutritious produce and additional culturally responsive food for partners serving their communities through the Culturally Responsive Food Initiative, which impacts approximately 10,000 households annually in the Metro Denver area. During the next three years, Food Bank of the Rockies plans to scale the program to serve approximately 30,000 households through 10-20 Hunger Relief Partners and their 70 plus mobile pantries.

“The work Food Bank of the Rockies is doing through the Culturally Responsive Food Initiative will change lives in our community by offering nutritious food, and also delivering training to Hunger Relief Partners serving food insecure populations,” said Mike Katz, president of KeyBank’s Colorado market. “KeyBank is proud to help scale this meaningful community program over the next three years.”

In addition to food distribution, the Culturally Responsive Food Initiative offers an Inclusive Capacity Building Program to Hunger Relief Partners, which includes best practices and diversity, equity, and inclusion (DEI) training for agency staff members and volunteers, an implementation plan for operational changes and capacity building projects, and completion of a six-month progress report detailing participation with the program.

READ — Crafting Your New CSR Strategy for 2023

“Inflation is currently at a 40-year high and is hitting Food Bank of the Rockies’ budget with some staple items costing as much as 70% more than last year. To meet the needs of our neighbors experiencing hunger, we are spending $1.3 million or more on food purchasing every month – more than triple what we were spending pre-COVID,” said Erin Pulling, President & CEO of Food Bank of the Rockies. “We’ve been able to meet the increased demand, thanks to the generosity of companies like KeyBank. Their gift will help fuel our culturally responsive food initiative and allow us to distribute food to our diverse communities while honoring their needs and preferences with respect. We are grateful for KeyBank’s inspired support in answering the challenge of hunger across our communities.”

 

About Food Bank of the Rockies

Food Bank of the Rockies is the largest hunger-relief organization in the Rocky Mountain region. Since 1978, we’ve put the power of community to work for our neighbors in need. Through partnerships. Through programs. Through people. Through you. Everything we do is fueled by the support of our community and donors, and 96 cents of every dollar goes directly to distribution. With support from our community, we distribute enough food daily for over 178,000 meals. For more information, visit foodbankrockies.org.

 

About KeyCorp

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 $190.1 billion at September 30, 2022. 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 1,300 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 is Member FDIC.

KeyBank Names Michael Walters as Head of Business Banking

Last Thursday, KeyBank announced that Michael Walters has been named Head of Business Banking, overseeing Business Banking across Key’s 15-state footprint. Walters previously served as Executive Vice President and West Regional Retail Executive, overseeing KeyBank’s retail branch network across the western U.S.  

In his new role, Walters will lead a national team dedicated to serving the needs of small and medium sized businesses, their owners, and employees with customized, industry-specific banking solutions. He will also be responsible for collaborating with executives within Key’s Consumer and Commercial bank to help establish and deploy strategic priorities for KeyBank and its Business Banking clients. He will report to Victor Alexander, KeyBank’s Head of Consumer Banking.  

“During his time with Key, Mike has proven to be a strategic thinker and growth-oriented leader who partners with teams across Key to deliver strong results,” said Alexander. “Mike is passionate about our clients and teammates, and I’m excited to watch our business and our clients thrive under his leadership.”  

Walters joined KeyBank in 2017 as Senior Vice President, Retail & Mortgage Banking Executive and was named West Regional Retail Executive in 2020. Prior to joining Key, he spent 14 years in positions of increasing responsibility with PNC Financial Services, including serving as Senior Vice President and Network Transformation Executive, where he designed the Retail and Business Banking operating model for PNC’s Consumer Bank. 

Walters earned his bachelor’s degree in management information systems from Ohio University and his MBA in international finance from Florida Atlantic University, where he was also named “Alumni of the Decade” for the 2000s. He was also honored as a Denver Business Journal 40 Under 40 and ColoradoBiz Magazine GenXYZ.  

 

About KeyCorp 

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 $187.0 billion at June 30, 2022. 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 1,300 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 is Member FDIC.