KeyBank is the only major bank based in Cleveland and is considered one of the largest banks in the U.S. It was established in 1825 and is located in Key Tower, Cleveland, Ohio. It was formed with the merger of Society corporation and Keycorp making it one of the largest banks in the USA. Keybank is divided into two business segments, including consumer and commercial banks. The consumer bank serves individual and small businesses, whereas commercial bank serves big companies and industries. The key bank is well known for its low rates, stellar customer service, low overdraft fees, and convenient banking.