KeyBank on Tuesday named Michael A. Butler vice chairman and head of small-business banking.

Mr. Butler, 40, was promoted from executive vice president and head of portfolio management for KeyBank's $80 billion-asset parent company, KeyCorp of Cleveland. He succeeds Sandra Maltby, who left earlier this month to teach at Baldwin-Wallace College in Cleveland.

As KeyBank's top small-business banking executive, Mr. Butler will oversee both sales and credit underwriting for the company's $3 billion of loans and 300,000 small-business customers.

Mr. Butler, who has worked at KeyCorp for 18 years, will report to Gary R. Allen, chairman and chief executive officer.

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