KeyCorp began to lay the foundation for its massive restructuring this week, announcing plans to close 22 branches - and eliminate 100 jobs - in Washington and Oregon.

The $65 billion-asset Cleveland company said it would close 12 Washington offices, consolidating nine into other offices and replacing three others with automated teller machines. In Oregon, KeyCorp will close 10 offices, consolidating nine and replacing one with an ATM.

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