CLEVELAND, April 20, 2015 /PRNewswire/ -- Key (NYSE: KEY)
today announced that it has completed the merger of its Pacific
Crest Securities broker dealer subsidiary into KeyBanc Capital
Markets Inc. Pacific Crest Securities will be designated as
the technology specialists for the combined entity, which will
continue to operate under the KeyBanc Capital Markets brand.
"We are pleased to complete the combination of the Pacific Crest
Securities and KeyBanc Capital Markets entities," said KeyBanc
Capital Markets President Randy
Paine. "Our combined organization will deliver
enhanced capabilities and solutions to clients, and positions
KeyBanc Capital Markets to capitalize on its vision to be the
leading corporate and investment bank serving emerging and middle
market companies in the U.S."
KeyCorp previously announced the acquisition of Pacific Crest
Securities LLC on July 17, 2014.
About KeyBanc Capital Markets
KeyBanc Capital Markets
provides deep industry expertise and capital markets and advisory
solutions to companies in targeted verticals which include Consumer
& Retail, Healthcare, Industrial, Oil & Gas, Real Estate,
Utilities, Power & Renewables, Diversified Industries, and
Technology, through Pacific Crest Securities. With nearly 750
professionals across a national platform, the firm has more than
$25 billion of capital committed to
clients. Our award winning Equity Research team provides coverage
on more than 775 companies. KeyBanc Capital Markets and
Pacific Crest Securities are trade names under which corporate and
investment banking products and services of KeyCorp and its
subsidiaries, KeyBanc Capital Markets Inc., Member NYSE/FINRA/SIPC,
and KeyBank National Association ("KeyBank N.A.") are marketed.
Securities products and services are offered by KeyBanc Capital
Markets Inc. and its licensed securities representatives, who may
also be employees of KeyBank N.A. Banking products and services,
are offered by KeyBank N.A.
About KeyCorp
KeyCorp was organized more than 160 years ago and is headquartered
in Cleveland, Ohio. One of
the nation's largest bank-based financial services companies, Key
had assets of approximately $94.2
billion at March 31, 2014.
Key provides deposit, lending, cash management and investment
services to individuals and small and mid-sized businesses in 12
states under the name KeyBank National Association. 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.
This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements can be identified by words such
as "outlook," "goal," "objective," "plan," "expect," "anticipate,"
"intend," "project," "believe," "estimate" and other words of
similar meaning. Forward-looking statements represent management's
current expectations and forecasts regarding future events. If
underlying assumptions prove to be inaccurate or unknown risks or
uncertainties arise, actual results could vary materially from
these projections or expectations. Factors that could cause Key's
actual results to differ from those described in the
forward-looking statements can be found in KeyCorp's Form 10-K for
the year ended December 31, 2014,
which has been filed with the Securities and Exchange Commission
and is available on Key's website (www.key.com/ir) and on the
Securities and Exchange Commission's website (www.sec.gov). Forward
looking statements speak only as of the date they are made and Key
does not undertake any obligation to update the forward-looking
statements to reflect new information or future
events.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/key-completes-combination-of-broker-dealer-subsidiaries-integrating-pacific-crest-securities-into-keybanc-capital-markets-300068252.html
SOURCE KeyCorp