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SUPERIOR, CO – February 23, 2009 – Key Equipment Finance, one of the nation’s largest bank-held equipment finance companies and an affiliate of KeyCorp (NYSE:KEY), today announces that Adam D. Warner, president of Key Equipment Finance, has been appointed to the executive committee of the board of directors of the Equipment Leasing and Finance Association, a trade association representing the $650 billion equipment finance sector.
“The executive committee of the ELFA board of directors helps set the direction of the association as it goes about its important work of promoting and representing the general interests of the equipment finance industry,” said Warner, who was elected to the ELFA board of directors in 2007 to serve a three-year term. “I look forward to assisting on the executive committee as the association continues its efforts to provide programs of benefit to its members and set high standards of business practices in the industry.”
The ELFA represents more than 700 members, including independent and captive leasing and finance companies, banks, financial services corporations, brokers/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit www.elfaonline.org.
The ELFA is also the premier source for statistics and analyses covering the equipment finance sector. To access ELFA's comprehensive industry information, please visit www.elfaonline.org/ind/research.
About Key Equipment Finance
Key Equipment Finance is an affiliate of KeyCorp (NYSE: KEY) and provides business-to-business equipment financing solutions to businesses of many types and sizes. The company focuses on four distinct markets:
- businesses of all sizes in the U.S. (from small business to large corporate);
- equipment manufacturers, distributors and value-added resellers worldwide;
- federal, provincial, state and local governments as well as other public sector organizations; and
- lease advisory services for larger structured equipment needs including single investor and leveraged leases, securitizations, and structured debt.
Headquartered outside Boulder, Colorado, Key Equipment Finance manages a $10 billion core equipment portfolio with annual originations of approximately $5.6 billion. The company has major management and operations bases in Chicago, Illinois; Albany, New York; London, England; Hong Kong, China and Sydney, Australia. The company, which supports clients in 40 countries, employs 800 people worldwide and has been in the equipment financing business for over 35 years. Additional information regarding Key Equipment Finance, its products and services can be obtained online at www.kefonline.com.
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $101 billion. Key companies provide 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. For more information, visit www.key.com.
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