Keystone Financial Inc. said Friday that it would lay off up to 250 of its 3,000 employees next year as part of a cost- cutting plan.

The $6.9 billion-asset banking company hopes to reduce overhead expenses by 10%, or about $20 million annually by yearend 1999.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.