Friday, July 27, 2007

KeyCorp to buy NY bank USB Holding for $575 mln

(Reuters) - U.S.B., based in Orangeburg, New York, operates 31 branches in Orange, Rockland and Westchester counties, as well as in Manhattan and in Stamford, Connecticut. Founded in 1969, it has about $2.9 billion of assets, $2 billion of deposits and $1.6 billion of loans.




Beth Mooney, head of community banking at Cleveland-based KeyCorp, said the purchase "will significantly enhance our presence in attractive markets." KeyCorp operates about 954 branches, including many in New York state.


Read more at Reuters.com Bonds News

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