ALBANY, N.Y. -- Key Bank of New York has converted from a federal to a state charter, said Derrick D. Cephas, state superintendent of banks.

Key Bank, the largest subsidiary of Albany-based KeyCorp, sought the change to take advantage of anticipated state legislation that would allow interstate branching.

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.