Key Bank of Oregon raises prime rate

Business Wire, Nov 15, 1994

PORTLAND, Ore.--(BUSINESS WIRE)--Nov. 15, 1994--Effective Nov. 15, Key Bank of Oregon has raised its prime lending rate to 8.50 percent from 7.75 percent.

Key Bank of Oregon, with more than $2.7 billion in assets, is a subsidiary of KeyCorp (NYSE:KEY).

KeyCorp is one of the largest bank holding companies in the United States, with assets of $64.5 billion and total shareholders' equity of $4.6 billion at Sept. 30, 1994. With headquarters in Cleveland, the company is comprised of full-service commercial banks and related financial service companies with more than 1,300 branches and affiliated offices in 25 states.

Its related financial service companies provide such services as investment management and trust, mortgage banking and securities brokerage to the existing banking franchise and other selected markets.

CONTACT: Key Bank of Oregon, Portland, Ore.

Robert Bolin, 503/790-7556