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KeyCorp completes deal for Pacific Crest Securities

Rochester Business Journal
September 4, 2014

KeyCorp, parent of KeyBank N.A. branches in the Rochester market, closed Wednesday on its acquisition of Pacific Crest Securities.
 
The Cleveland-based bank announced the planned acquisition of the Portland, Ore.-based technology-focused investment bank and capital markets firm July 17. The purchase price was not disclosed.

The transaction was effective as of Wednesday, officials said.
 
KeyBank N.A. ranks sixth in the Rochester market with local deposits of $1.1 billion, data from the Federal Deposit Insurance Corp. shows.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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