Management Committee Announced for New Society-KeyCorp Merger
Undated (AP) _ Society Corp. and KeyCorp said Monday they have elected a management committee for the company that will be created from their proposed $4 billion merger.
Victor J. Riley, Jr., KeyCorp’s chairman, will become chairman and chief executive of the new company. Robert W. Gillespie, chairman of Society Corp., will become president and chief operating officer.
Other committee members include: Gary R. Allen, group executive for banking; Carter B. Chase, legal affairs executive; Henry L. Meyer III, executive for banking; Roger Noall, executive for administration; and James W. Wert, executive for finance.
The merger between Albany, N.Y.-based KeyCorp and Cleveland-based Society Corp., will create the nation’s 10th largest bank holding company with more than $58 billion in total assets.
The new company, to be based in Cleveland, will have nearly 1,400 branch and affiliate offices in 18 states. The deal is expected to close early next year.