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CLEVELAND — KeyBank announced several steps it is taking to support humanitarian efforts currently underway for the people of Ukraine. In a message to employees, Chris Gorman, KeyCorp chairman and CEO, announced $150,000 in grants from KeyBank Foundation and a 1:1 employee matching-gift program.

KeyBank Foundation will give a $100,000 grant to the American Red Cross to support its efforts to provide food, water, and other essential items and services to the people of Ukraine. The Red Cross has teams on the ground in Ukraine and neighboring countries helping families and working to repair vital infrastructure, support health facilities with medicines and equipment, and support families with food and hygiene items. KeyBank Foundation will also make a $50,000 grant to UNICEF for its work supporting children and families impacted by the war in Ukraine.

In addition, KeyBank is launching a 1:1 employee matching-gift program through KeyBank Foundation that will help amplify and raise the collective voice of teammates in support of Ukraine. As part of this program, KeyBank Foundation will prove a dollar-for-dollar match for all employees up to $5,000, for several organizations supporting humanitarian efforts in Ukraine, including Americares, CARE, Project Hope, Save the Children, and World Central Kitchen.

“Over the past week, we have witnessed Russia’s invasion of Ukraine with both shock and deep concern,” Gorman said. “The remarkable resilience of the Ukrainian people has been a source of inspiration for me and for the entire world. Together, we have a longstanding tradition of supporting communities near and far, especially in times like these. This is one of the many reasons I am proud to be part of the Key team.”

Daily News

SPRINGFIELD — Mortgage lenders led by KeyBank bid $23 million Thursday and bought Springfield Plaza at a foreclosure auction, the Republican reported.

The winning bid protected the lenders’ money after other bidders failed to reach the undisclosed minimum bid. Two other active bidders both tapped out after $22.5 million.

According to the Republican, Andrea Mattei, the attorney representing the mortgage lenders, said the banks will likely market the 72-acre complex on Liberty Street to buyers through conventional means.

Previous owners Davenport Companies and Albany Road Real Estate Partners had a $30 million mortgage on the property through KeyBank and the other lenders.

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