KeyCorp’s southwest Ohio district
District includes Cincinnati, Dayton, Springfield
Branches: 51 after two announced closures
Employees: 483
Deposits: $2.1 billion combined in Dayton, Cincinnati, Springfield metros
District president: Search underway; Ed Reilly retired Aug. 1
Corporate Headquarters: Cleveland, Ohio
SOURCES: KeyBank, Federal Deposit Insurance Corp.
KeyBank will close its Trotwood branch Sept. 28 as the Cleveland-based bank cuts costs.
No jobs will be lost, said Dan Davis, a KeyBank spokesman. Each branch has an average six employees, and those working in Trotwood will have opportunities to work at other area KeyBank locations.
The Trotwood branch, located at 3031 Shiloh Springs Road, will be consolidated with KeyBank’s nearby branch at 2951 Salem Ave., Davis said.
“Customers can do banking at any KeyBank branch,” he said.
In July, KeyBank said in its second-quarter earnings release it plans to reduce costs by $150 million to $200 million by the end of next year, including changes to its branch network.
The East Walnut Hills location on Woodburn Avenue, Cincinnati, closes as well Sept. 28. Its accounts will be consolidated to the branch on Erie Avenue in Hyde Park.
Customers and employees were notified of the closing at the end of June, Davis said. These branches are typical of the locations KeyBank is looking to close, he said. The branches have fewer customers coming in the door than in the past.
“Key is doing this because as communities change, the East Walnut Hills and Trotwood branches have seen many of their customers shift their business to other KeyBank branches that are located near these offices,” Davis said.
After these branches close, KeyBank, the Dayton metro’s fourth largest bank by deposits of $1.1 billion, will have 51 locations in the Cincinnati, Dayton and Springfield areas
Meanwhile, KeyBank is searching for a new district president. Southwest Ohio District President Ed Reilly retired Aug. 1.
Other major banks operating in the area announced branch changes this year. First Financial Bancorp closed eight area branches at the end of June, including locations in Dayton, Centerville, Lebanon, Lewisburg and Springboro. Fifth Third Bank relocated a Beavercreek branch this year, and plans to relocate a Huber Heights location early next year.
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