CLEVELAND, Oct. 2, 2012 /PRNewswire/ -- Beth Mooney, CEO of KeyCorp, has been ranked second on the American Banker 2012 list of 25 Top Women in Banking. The annual list recognizes significant contributions made by women to the industry and their respective institutions.
The award notes multiple significant accomplishments that earned Mooney, the first woman to head a top 20 independent U.S. bank, this top ranking:
- After taking over as chairman and CEO in April of 2011, Mooney doubled net income attributable to common shareholders from the prior year, to $857 million, and reduced nonperforming assets 36%. The American Banker comments: "(These are) results so strong that the number of financial analysts with buy ratings on the company tripled by year end, from four to 12."
- Mooney won regulatory approval of a capital plan that included a $344 million share repurchase program and a dividend increase.
- She joined Key in 2006 as head of Community Banking, which has a 14-state footprint reaching from Maine to Alaska. She led the unit through the financial crisis, and, while competitors retreated, made acquisitions to strengthen market share.
In addition, Maria Coyne, KeyCorp's Executive Vice President of Consumer and Small Business Banking, was ranked 13th on the American Banker's Top 25 Women to Watch list. The publication recognized Coyne's leadership in growing Key's number of SBA-backed loans last year, her mentorship, and added responsibilities in leading Key's Consumer Banking segment.
Key traces its history back more than 160 years and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key has assets of approximately $86.5 billion at June 30, 2012.
Key provides deposit, lending, cash management and investment services to individuals and small businesses through its 14-state branch network under the name KeyBank National Association.
Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name.