Keycorp, the nation's 10th-largest financial institution, announced plans to increase its ownership stake in Electronic Payment Services Inc.

* Following regulatory approval, the Albany, N.Y.-based banking company will pay $31.6 million for a share of the company equal to those held by the other major EPS owners. Keycorp will also add a second representative to EPS' board of directors.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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