KeyBank, a subsidiary of KeyCorp (NYSE:KEY) has announced the appointment of the new management team to handle operations in Rochester area and Buffalo.
The newly appointed management is made up of top officials from First Niagara and KeyBank following their merger. The banking subsidiary selected a mix of individuals including KeyBank’s regional executive for New York, Garry Quenneville. The team also includes Suzanne Nasipak Chapman who will take up the regional director position for risk management at First Niagara. Timothy Pelcher will lead key investment services while Bridget Campbell will oversee mortgage sales. Sonia Palermo-Navolio, Kurt Dambaugh, and Susan Hibbard will be the leaders in charge in charge of retail. Tim Brown has been selected as the leader for business sales banking.
James Barger will maintain his position as the commercial banking sales leader for KeyBank. Barger stated that he is pleased to be working together with the new team and the new changes highlight the firm’s commitment towards service the community. It also points to the company’s desire to bring together people that share the same passion and focus towards offering important banking solutions. The firm also announced that customers can continue to use their First Niagara accounts until they shift to KeyBank. The shift is expected to take place in the fourth quarter and is currently awaiting regulatory approval.
Barger also revealed that KeyBank will maintain direct communication with First Niagara customers to discuss the conversion plans as well as the timing. Some of the KeyBank executives that have not been affected by the changes include Elizabeth Vealey and Sharon Lochocki. They will maintain their positions on the board. Lochocki will still helm the bank’s regional retail sales in Rochester and Buffalo whileVealey will maintain her position as the head of the wealth and investment management services.
Stephen Pezzino from First Niagara and Steven Mendelsohn from KeyBank will oversee the mortgage team. The new management changes were underway as soon as the KeyCorp finalized the acquisition of First Niagara about a week ago.
