KEYBANK EXPANDS COMMERCIAL BANKING TEAMS IN CHICAGO AND SOUTHERN CALIFORNIA TO SERVE THE MIDDLE MARKET
PR Newswire
CLEVELAND, Nov. 19, 2024
CLEVELAND, Nov. 19, 2024 /PRNewswire/ -- KeyBank $(KEY)$ announced an expansion of its commercial banking business in Chicago and Southern California to serve more middle market clients with their differentiated platform -- which includes a full range of commercial lending and capital markets capabilities as well as payments solutions designed specifically for the segment.
"Chicago and Southern California are two of the largest concentrations of middle market businesses in the country, where our unique platform gives us a competitive advantage," said Ken Gavrity, president of Key Commercial Bank. "We're excited to bring the full scope of operations to these areas where our robust capital markets capabilities and specialized industry verticals are well-established."
Ben Van Vlerah has been appointed Illinois market president and regional commercial leader for Illinois and Northern Indiana. Van Vlerah brings more than 25 years of commercial banking experience to KeyBank. Reporting to Van Vlerah are four new commercial bankers who will be responsible for generating new business opportunities and delivering the full set of Key's commercial bank offerings to middle market companies in the Midwest.
-- Gavin Newman joins KeyBank as commercial leader with a focus on privately
owned businesses based in Chicago. Newman has 25 years of experience
serving the middle market throughout the Midwest.
-- Ryan Ferris serves as a commercial leader with over 10 years of banking
experience working with a variety of businesses, family offices and
financial sponsors throughout the Midwest to provide financial services.
-- Taylor Fraleigh joins the team as senior relationship manager with more
than 13 years of experience in commercial banking. Fraleigh will be
focused on privately owned middle market companies located in the
Chicagoland area.
-- Anthony Balthazor also serves as a senior relationship manager. He brings
to Key more than 20 years of banking experience partnering with privately
held middle market businesses and family offices throughout the Chicago
area.
Robert Besser has been promoted to commercial leader and is responsible for leading a team serving the Southern California market. Besser has over 25 years of experience in commercial, corporate and investment banking in the region, reporting to Matt Hill, regional commercial leader for California, Washington and Alaska. Reporting to Besser are four recent additions to Key Commercial Bank.
-- Erica Elsasser joined the team in May as a senior relationship manager
responsible for managing existing clients in California and developing
new prospects in the Southern California market. Elsasser also leads
partnerships with small business investment companies and selective
financial sponsors. She started her career at KeyBanc Capital Markets in
2009 and relocated to Los Angeles in 2018.
-- James Gibson joins KeyBank as a senior relationship manager responsible
for expanding the bank's relationships with financial services partners
and middle market companies primarily in the Orange, Inland Empire and
San Diego counties in Southern California. Based in Newport Beach, he has
more than 20 years of experience working in financial services in the
region.
-- Trevor Mates serves as a senior payments advisor, partnering with the
senior relationship team to optimize client cash management solutions.
Mates is based in Newport Beach and brings nearly 20 years of experience
leading treasury relationships.
-- Elizabeth Bui joins the team as an associate to support the California
market expansion, having previously served as an equity research
associate with KeyBanc Capital Markets.
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 billion at September 30, 2024. 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 1,200 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/.
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SOURCE KeyBank
/CONTACT: Elana Ferrari, elana_ferrari@keybank.com
(END) Dow Jones Newswires
November 19, 2024 09:05 ET (14:05 GMT)
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