KeyCorp is bolstering its commercial real estate business unit, following its acquisition of First Niagara Financial Group.
Key is adding 50 bankers, portfolio managers and servicing officers who formerly worked for First Niagara to Key Real Estate Capital’s income property, community development lending, health care and servicing groups. The First Niagara group also brings along more than $6 billion in real estate loan commitments.
“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,” said Angela Mago, group head, KeyBank Real Estate Capital and co-president of Key Corporate Bank.
Key completed its $4 billion deal for First Niagara in July.