Pub. 8 2020 Issue 3

ISSUE 3. 2020 21 company’s ongoing legacy as a responsi- ble bank and citizen. In Utah, KeyBank has invested more than $407 million under the first three years of the Nation- al Community Benefits Plan to support low-to-moderate income communities. In Utah, KeyBank has invested over $273 million in community developments the past three years, including projects that will provide affordable housing, revitalize and stabilize neighborhoods, and support vital community service initiatives. The company also made more than $742,000 in philanthropic investments and originat- ed $82.9 million in small business loans in Utah during the three years. “Helping clients and communities thrive is KeyBank’s purpose,” said Terry Grant, KeyBank Utah President. “Building stable neighborhoods is even more critical today due to COVID-19. We’re proud to stand with the businesses and families of Utah to deal with the fallout of COVID-19. Our work before this crisis has laid a solid foun- dation from which KeyBank will continue to build to support our communities.” KeyBank executives said the investments nationwide exceeded the goals for the first three years of the plan by 48%. KEYBANK RECOGNIZED AS A TOP COMMUNITY-MINDED COMPANY KeyBank has been named a 2020 honoree of The Civic 50 by Points of Light, the world’s largest organization dedicated to volunteer service. The award recognizes KeyBank as one of the 50 most community-minded com- panies in the United States. The Civic 50 provides a national standard for superior corporate citizenship and showcases how companies can use their time, skills and resources to impact their communities. The Civic 50 honorees are public and private companies with U.S. operations and revenues of $1 billion or more. They are selected based on four dimensions of their U.S. community engagement pro- gram, including investment, integration, institutionalization and impact. KeyBank makes investments in low-to-moderate income communities through mortgages, small business lending, community development and transformational philanthropy. KEYBANK SECURES $26 MILLION OF FINANCING FOR AFFORDABLE HOUSING PROPERTY IN UTAH KeyBank Community Development Lending and Investment (CDLI) secured $17 million of construction financing, and KeyBank Real Estate Capital’s (KBREC’s) Commercial Mortgage Group secured a $9 million Freddie Mac forward commitment for the Housing Authority of Salt Lake City to develop an affordable housing property in the city. The result of a program to redevelop aban- doned properties, the 93-unit Capitol Homes Apartments will include 62 subsi- dized units and 31 market-rate units. As part of the 9% low-income housing tax credit (LIHTC), five units will be designated for veterans, five for domestic violence victims and five for the homeless. The rest will serve low- and moderate-income individuals and families in the general population. “KeyBank is honored to be part of this project to help with Salt Lake City’s mission of creating and preserving much-needed affordable housing,” said Rob Likes, National Manager, Commu- nity Development Lending & Investment, KeyBank Real Estate Capital. “We con- tinue to find affordable housing solutions that help maintain individuals’ dignity and independence while strengthening the communities in which they live.” ZIONS BANK ZIONS BREAKS GROUND ON TECHNOLOGY CENTER In the picture, Zions Bancorporation Chairman and CEO Harris H. Sim- mons presents a $100,000 donation to Rev. France A. Davis for his scholarship foundation. Zions Bancorporation broke ground in August for a 400,000 square- foot technology campus in Midvale, Utah. Guests of honor included Utah Gov. Gary Herbert, Midvale City Mayor Robert Hale and Rev. France A. Davis. Anticipated to be completed in mid-2022, the sustainably built campus will be the company’s primary technology and oper- ations center, serving Zions’ seven affili- ate brands in 11 western states. As one of the state’s largest technology employers, Zions will accommodate more than 2,000 employees at this location. During the groundbreaking event, Zions Bancorporation Chairman and CEO Harris H. Simmons presented a $100,000 donation to the Pastor France A. Davis Scholarship Foundation, earmarked to support students of color pursuing science, technology, engi- neering and mathematics (“STEM”) degrees, part of the company’s effort to support educational achievement in the community and to attract diverse tech talent. ZIONS BANK DEBUTS ‘UTAH WOMEN 2020’ MURAL In August, Zions Bank unveiled a new five-story mural designed by the co-cre- ator of an iconic Beatles album. Jann Haworth’s “Utah Women 2020” mural celebrates the character and impact of Utah’s women with a cast of more than 250 colorful characters that span the his- tory and geography of the Beehive State. Zions Bank commissioned the public art piece for its Dinwoodey building, 37 W. 100 South, in Salt Lake City in honor of the women’s suffrage milestones that fall in 2020. This year marks 100 years since the ratification of voting rights for women and 150 years since Utahn Seraph Young became the first woman in the modern nation to cast a ballot. “Zions Bank has long recognized the value women add to our communities. On the day Zions Bank opened in 1873, four of the 15 depositors listed on the original ledger were women,” said Zions Bank President and CEO Scott Anderson. “Despite the mural’s enormous size, it represents only a snapshot of the decadeslong leadership and impact of Utah women.” n