By Patty Tascarella, Senior Reporter | Pittsburgh Business Times |
KeyBank, part of Cleveland-based KeyCorp (NYSE:KEY) is Pittsburgh’s eighth-largest bank by deposit market share.
“KeyBank is pleased to partner with Neighborhood Allies to invest in and help support neighborhoods and neighbors who have often faced unfair barriers to financial support,” Dwayne Finney, president of Key’s Western Pennsylvania Market, said in a prepared statement. “Through comprehensive and sustainable social, racial and economic programs, such as those delivered by Neighborhood Allies, we can promote positive, lasting change in our communities and create opportunities for all to thrive.”
Neighborhood Allies said it will use the support to implement partnerships with Allegheny County and the City of Pittsburgh to bring financial counseling to emergency rental assistance recipients and entrepreneurs, create investment clubs for Black women, offer credit building products, expand youth banking initiatives, connect entrepreneurs of color with financial counseling to build personal credit and savings, and to make equity a priority.
“We have learned that it’s not enough to provide financial information; those who have traditionally been excluded from the financial mainstream need access to practical and trustworthy financial tools and resources,” Sarah Dieleman Perry, director of economic opportunity at Neighborhood Allies, said in a prepared statement. “With funding from partners like KeyBank, we’re able to bring supports that allow more people to experience success.”
