KeyBank consolidates two Ithaca branches, formally opens one new office

ITHACA, N.Y. — KeyBank (NYSE: KEY) on Friday formally opened its new branch at 604 South Meadow St. in downtown Ithaca, which represents a branch consolidation.

KeyBank says it consolidated its branches located at 300 North Tioga St. and 2315 North Triphammer Road into the new office on South Meadow Street, per its Friday announcement.

The building on North Tioga Street was sold to Tompkins County in 2022 and temporarily leased back by KeyBank. The North Tioga Street property is currently being considered for a Tompkins County Center of Government facility, KeyBank said.

Spencer Nicoson, who KeyBank describes as a “longtime banker,” is serving as branch manager at the bank’s new location.

“KeyBank’s new branch in Ithaca is uniquely designed to give our clients a more personal banking experience, with even better access to a full suite of products and services,” Nicoson said in a release. “We are excited to bring this more consultative approach to Ithaca and demonstrate our commitment to helping our clients move forward on their financial journey.”

As part of the grand opening, the KeyBank Foundation donated $10,000 to Family and Children’s Service of Ithaca. This grant will help the organization provide a wide range of services that include mental-health care to children, adults, families, and seniors, EAP services to more than 50 local businesses, targeted outreach to vulnerable youth and other community members in need of support, and community education to professionals and the general public.

KeyBank’s parent company, KeyCorp., headquartered in Cleveland, Ohio, is one of the nation’s largest bank-based financial-services companies, with assets of about $195 billion as of June 30. Its roots trace back nearly 200 years to Albany. KeyBank has a network of about 1,000 branches and 1,300 ATMs in 15 states.