|By PR Newswire||
|April 15, 2014 03:30 PM EDT||
CLEVELAND, April 15, 2014 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced today that it has named Angela G. Mago to lead KeyBank Real Estate Capital and Community Development Lending. Mago, a 26-year veteran of Key, succeeds E.J. Burke who last week became Community Bank Co-President, Commercial & Private Banking at Key. Mago will report to Christopher M. Gorman, President of Key Corporate Bank.
"Angela's business acumen, proven leadership and track record for growing businesses make her uniquely qualified to lead KeyBank Real Estate Capital," said Gorman. "She has the experience to drive our relationship-based business model and deliver the full breadth of Key to our clients and prospects."
Since 2011, Mago has led the Real Estate Capital Markets team that has responsibility for originating, underwriting, and distributing permanent mortgage financing for Key's clients through Fannie Mae, Freddie Mac, FHA, Life Companies, and CMBS. Under Mago's leadership, this national platform has produced record loan production in each of the last three years.
Previously, Mago served as the National Manager for KeyBank Real Estate Capital's Healthcare group. Key's Real Estate Healthcare team has outstanding brand recognition among clients and investors in the seniors housing and care industry.
KeyCorp was organized more than 160 years ago and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key has assets of approximately $93 billion.
Key provides deposit, lending, cash management and investment services to individuals, small and medium-sized businesses under the name of KeyBank National Association. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.