KeyBank Expands in Portland and Vancouver

KeyBank is sticking to its plan to expand in the Portland and Vancouver metro area, reports Courtney Sherwood in today's Portland Business Journal. The bank's Oregon and Southwest Washington deposits have grown 8 percent over the past year and the bank has opened two new branches in Portland with plans for 18 more in the region by 2012. Keybank ranks fifth in market share in Portland as of June 2008 with 8.2 percent of local deposits. The bank is slightly smaller in Clark County, ranking tenth in market share with 2.3 percent of local deposits as of June 2008. Look for more updates on the bank's Clark County plans in The Columbian.