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Investment Summary

Scotia Bank Invests In Key Bank

On August 12, 2024, Scotia Bank invested in financial services company Key Bank

Investment Highlights
  • This is Scotia Bank’s 6th transaction in the Financial Services sector.
  • This is Scotia Bank’s 1st transaction in the United States.
  • This is Scotia Bank’s 1st transaction in Ohio.

Investment Summary
Date 2024-08-12
Target Key Bank
Sector Financial Services
Investor(s) Scotia Bank
Deal Type Stake Purchase

Target

Key Bank

Cleveland, Ohio, United States
Key Bank is a provider of investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. Key Bank was founded in 1849 and is based in Cleveland, Ohio.

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Investor(S) 1

Investor

Scotia Bank

Toronto, Ontario, Canada
Category Company
Founded 1832
Sector Financial Services
Employees87,317
Revenue 33.6B CAD (2024)
DESCRIPTION
Scotiabank branch in London, Ontario.
Scotiabank branch in London, Ontario.

Scotia Bank offers personal, commercial, corporate and investment banking products and services through global team of more than 75,000 Scotiabankers. Scotia Bank was incorporated in 1832 and is based in Toronto, Ontario.

DEAL STATS #
Overall 7 of 7
Sector: Financial Services M&A 6 of 6
Type: Stake Purchase M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-22 Belize Bank

Belize City, Belize

Belize Bank Corporation Limited operates bank branches throughout the country of Belize.

Sell $31M
Mergr

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