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Key Consumer Finance Appoints New Officers

August 13, 2003

Richard Vonk has been named chief credit risk officer for Key's Consumer Finance organization and Grant Skeens has been named president of Key AutoFinance. Both report directly to Consumer Finance Executive Michael A. Butler.

Vonk will be responsible for the continued enhancement and execution of the consumer credit risk strategy for the entire Consumer Finance organization -- AutoFinance, Recreation Lending, Education Financing and Consumer Real Estate (including Key's national home equity business). In addition, he will provide credit risk support to Retail Banking.

"Rick's in-depth understanding of credit risk issues, coupled with his experience as the leader of our AutoFinance unit, make him ideally suited for this role," said Butler. "Rick offers expertise we can now fully utilize across the entire Consumer Finance organization. This reinforces our plan to be a single organization that leverages its cross-functional capabilities to best serve the needs of our clients."

Vonk brings to this role more then 20 years of experience in the financial service industry, including five years as President of Key AutoFinance. Vonk holds a bachelor's degree from the University of Michigan. He is based at Key's corporate office in Cleveland.

Skeens, who replaces Vonk as the head of Key AutoFinance, will focus on continued growth of Key's automotive lending unit, including improving operating efficiencies and deepening client relationships.

"Grant's experience in auto finance lending and excellent leadership capabilities provide the expertise and enthusiasm that will help drive Key AutoFinance to the next level of success," Butler said.

Most recently Skeens managed Key's Automotive Specialty Finance group. Previously, he held several positions with GE Capital in its auto finance business. Skeens has a bachelor's degree from the University of Illinois and a master's degree in finance from the University of Chicago. He will relocate from Chicago to be based at Key's corporate office in Cleveland.

About KeyCorp

Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $85 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. The company's businesses deliver their products and services through KeyCenters and offices; a network of nearly 2,200 ATMs; telephone banking centers (1.800.KEY2YOU); and a Web site, Key.com(R), that provides account access and financial products 24 hours a day.

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