KeyCorp’s Mooney Named Banker of the Year
American Banker magazine has named Beth E. Mooney, chairman and CEO of KeyCorp, its 2017 Banker of the Year. The award is based on KeyCorp’s $4.1 billion acquisition of First Niagara Financial Group in October 2015, which investors criticized as “too high and the projected revenue gains and cost savings as overly optimistic,” the trade journal noted. “So far she has proven the critics wrong, and her early success in delivering on the promises of the First Niagara acquisition, combined with the strong leadership Mooney has shown on multiple fronts, have made her American Banker’s selection for its 2017 Banker of the Year.”
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