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KeyBank’s new Ithaca branch consolidates two prior offices

Spencer Nicoson (left), manager of the new KeyBank (NYSE: KEY) branch at 604 South Meadow St. in downtown Ithaca, on Aug. 18 cut the ribbon with his daughter, Adalynn, during a formal-opening ceremony at the branch. (PHOTO CREDIT: KEYBANK)

ITHACA, N.Y. — KeyBank (NYSE: KEY) says its new branch office at 604 South Meadow St. in downtown Ithaca is the result of a branch consolidation and will provide customers with better services. KeyBank says it combined its branches located at 300 North Tioga St. and 2315 North Triphammer Road into the one, new office […]

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ITHACA, N.Y. — KeyBank (NYSE: KEY) says its new branch office at 604 South Meadow St. in downtown Ithaca is the result of a branch consolidation and will provide customers with better services.

KeyBank says it combined its branches located at 300 North Tioga St. and 2315 North Triphammer Road into the one, new office on South Meadow Street, per its Aug. 18 announcement. The office formally opened that same day.

The building on North Tioga Street was sold to Tompkins County in 2022 and temporarily leased back by KeyBank. The North Tioga Street property was 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.

KeyCorp on Oct. 19 announced net income from continuing operations attributable to Key common shareholders of $266 million, or 29 cents per common share, for the third quarter of 2023. That was down from $513 million, or 55 cents, in the third quarter of 2022.

Eric Reinhardt