Shares of KeyCorp (NYSE:KEY) ended Monday session in green amid volatile trading. The shares closed up +0.36 points or 2.94% at $12.62 with 26.41 million shares getting traded. Post opening the session at $12.18, the shares hit an intraday low of $12.08 and an intraday high of $12.62 and the price vacillated in this range throughout the day. The company has a market cap of $13.50 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
On Aug. 18, 2016 KeyBank Real Estate Capital, the commercial real estate business unit of KeyCorp (KEY), announced its expanded platform and leadership team following the merger of KeyCorp and First Niagara Financial Group.
The expanded platform includes more than 50 new bankers, portfolio managers and servicing officers from First Niagara across the country in KeyBank Real Estate Capital’s Income Property, Community Development Lending, Healthcare and Servicing Groups. The First Niagara team also brings a book of commercial real estate loan commitments in excess of $6 billion to Key.
New leadership from First Niagara joining Key in the Income Property (IPG) and Community Development Lending (CDL) Groups are as follows:
- Greg Gilroy, IPG Regional Executive, Upstate New York and Western Pennsylvania
- Russ Gentner, IPG Team Leader, Western New York and Western Pennsylvania
- Doug MacLean, IPG Team Leader, Boston/New Haven
- Chris Terlizzi, IPG Team Leader, Eastern Pennsylvania
- Craig Burton, CDL Team Leader, Northeast
“I’m very excited to have such talented and experienced professionals join our team,” said Angela Mago, Group Head, KeyBank Real Estate Capital and Co-president, Key Corporate Bank. “The combined industry expertise and strong community ties that these individuals bring to the team will help us leverage our exceptional platform to grow the business.”
“As KeyBank and First Niagara come together, we’re particularly excited to have expanded leadership in the Northeast Region,” said Norman Nichols, head of Income Property and Community Development Lending. “This team has the experience to drive our relationship-based business model and deliver the full breadth of our capabilities to our clients and prospects.”
Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) ended Monday session in green amid volatile trading. The shares closed up +0.14 points or 1.42% at $10.00 with 14.65 million shares getting traded. Post opening the session at $9.69, the shares hit an intraday low of $9.69 and an intraday high of $10.01 and the price vacillated in this range throughout the day. The company has a market cap of $7.97 billion and the numbers of outstanding shares have been calculated to be 799.15 million shares.
On August 22, 2016 Huntington Bancshares Incorporated (HBAN) announced that Nancy E. Maloney is joining the company in September, and will assume the role of Executive Vice President, Controller following Huntington’s filing of its third-quarter Report on Form 10-Q. Current Huntington Controller David Anderson has announced his intention to retire.
Maloney joins Huntington from BMO Financial Group, where she served as U.S. controller and chief accountant. She will report to Chief Financial Officer Howell D. “Mac” McCullough.
“Nancy brings a strong combination of public and private sector experience that will well serve Huntington as we continue to grow,” said Stephen D. Steinour, chairman, CEO and president of Huntington. “We wish Dave well in his retirement and thank him for his years of exceptional service with the company.”
“Nancy is a distinguished controller with significant talent in both domestic and global accounting environments,” said McCullough. “I am very pleased she is coming on board to steer our financial reporting, accounting policies, and controls, and look forward to leveraging her skill as an industry-leading regulatory guidance and Basel expert. She will be an outstanding complement to Huntington’s established finance team.”