On the Record · Keycorp
Keycorp acquisitions, on the record
The businesses Keycorp bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
XUP PaymentsWord for word“On November 19, 2021, KeyBank acquired XUP Payments, a B2B focused digital platform.” 10-K for 2023 | acquisition | November 19, 2021 | — |
GradFinWord for word“On May 2, 2022, KeyBank acquired GradFin, a public service loan forgiveness counseling provider.” 10-K for 2023 | acquisition | May 2, 2022 | — |
First NiagaraWord for word“From 2016 to 2017, he served as Merger Integration Executive responsible for leading the integration efforts related to KeyCorp’s merger with First Niagara.” 10-K for 2024 | merger | — | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $481 million | $0 | $1.39 billion |
| 2017-12-31 | $144 million | $0 | $1.4 billion |
| 2018-12-31 | $0 | $124 million | — |
| 2019-12-31 | $185 million | $0 | $148 million |
| 2020-12-31 | $0 | $0 | — |
| 2021-12-31 | $29 million | — | — |
| 2022-12-31 | $58 million | — | $58 million |
| 2023-12-31 | $0 | — | — |
| 2024-12-31 | $0 | — | — |
Deal filings since 2016
- 2024-08-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-08-16 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-08-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
Read from Keycorp’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-23. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.