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Key Bank

Key Bank - KeyBank is in the midst of an aggressive growth push in the Portland area in hopes of increasing its market share to 10 percent by 2012.

It currently holds 8.2 percent of the market’s deposits, making it the area’s fifth-largest bank, trailing U.S. Bank, Bank of America, Wells Fargo and JP Morgan Chase.

Key believes that by building more branches it can reach its goal. Since kicking off a building spree in late 2008, it’s built seven new branches between Oregon and Vancouver, Wash.

And at a time when many of its competitors are pulling back, the Cleveland, Ohio-based bank plans to open six more branches in greater Portland this year. It plans to open another seven in 2011, said Brian Rice, Key’s Oregon and Southwest Washington region president.

Key Bank
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