Stake Purchase • Financial Services

Scotia Bank Invests In Key Bank

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

Investment Context

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.

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

Target Company

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 Overview 1

Investor

Scotia Bank

Toronto, Ontario, Canada

Category	Company
Founded	1832
Sector	Financial Services
Employees	87,317
Revenue	33.6B CAD (2024)

DESCRIPTION

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 Context for Investor	#
Overall	7 of 7
Sector: Financial Services	6 of 6
Type: Stake Purchase	1 of 1
State: Ohio	1 of 1
Country: United States	1 of 1
Year: 2024	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

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

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