SOURCE: KeyBank
DESCRIPTION:
CLEVELAND, November 9, 2021 /3BL Media/ - KeyBank Community Development Lending and Investment (CDLI) has appointed Brian Maddox as the National Team Leader for its newly created Community Development Financial Institutions (“CDFI”) team. Maddox will lead a team responsible for marketing, lending, investing, and delivering banking products & services to CDFI partners that help expand access to the economic mainstream for low-income families and communities. CDFIs are mission-driven financial institutions, which spark job growth and retention in hard-to serve markets across the nation through the creation of economic opportunity for personal individual growth, for small business development, for the creation and preservation of quality affordable housing, and to provide essential community services in the United States.
The move comes as KeyBank continues to provide capital for affordable housing across the country and fulfil its Community Benefits Plan commitments. Maddox is based in Las Vegas, NV and will report to Robert Likes, National Manager, KeyBank Community Development Lending & Investment.
The CDFI team will work closely with KeyBank’s Market Presidents, Corporate Responsibility team, and with other groups within the bank to identify and develop solutions that meet the needs of our local, regional, and national communities.
“Brian brings more than 25 years of experience in commercial banking and community development lending & investment to Key,” said Likes. “We are one of the few banks in the country with a fully integrated platform that brings together balance sheet, equity and permanent loan products. As we expand our CDFI and CDLI team, Brian’s expertise and industry relationships will be instrumental in helping us achieving our goals.”
Prior to joining Key, Maddox was a commercial development loan officer for Toyota Financial Savings Bank. Previously, he served as the chief production officer and a member of the executive management team at Clearinghouse Community Development Financial Institution. Maddox was responsible for maintaining a national lending presence and supervised a lending team across a multijurisdictional footprint, which included California, Arizona, New Mexico, and Native American Land. He has worked in community development and lending at several financial institutions including Bank of Nevada, Citibank, and California Federal Bank.
Maddox serves on the board of NewWest Community Capital, formerly Idaho Nevada CDFI, and is a member of the U.S. Bank New Market Tax Credit Advisory Committee and City of Henderson CDBG Program Action Committee.
Maddox earned his Bachelor of Science degree in Accounting from Lincoln University in Oxford, PA, and his Master of Public Administration from the University of Delaware. Maddox is a Doctoral Candidate of Public Affairs at the University of Nevada Las Vegas - dissertation in Community Development expected May 2022.
About KeyBank Community Development Lending and Investment
KeyBank Community Development Lending and Investment (CDLI) finances projects that stabilize and revitalize communities across all 50 states. As one of the top affordable housing and community development capital providers in the country, KeyBank’s platform brings together construction, acquisition, bridge-to-re-syndication, and preservation loans, as well as lines of credit, Agency and HUD permanent mortgage executions, and equity investments for low-income housing projects, especially Low-Income Housing Tax Credit (LIHTC) financing. KeyBank has earned ten consecutive “Outstanding” ratings on the Community Reinvestment Act exam, from the Office of the Comptroller of the Currency, making it the first U.S. national bank among the 25 largest to do so since the Act’s passage in 1977.
About KeyCorp
KeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $187.0 billion at September 30, 2021. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,100 branches and more than 1,400 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.
KEYWORDS: keybank, NYSE: KEY, Community Development Lending and Investment, Brian Maddox
