KeyBank Names Renee Murdock as Corporate Responsibility Officer For Eastern Pennsylvania

KeyBank, with regional headquarters in Plymouth Meeting, PA, today announced that Renee Murdock will serve as Corporate Responsibility Officer for its Eastern Pennsylvania market. In this role, Murdock will be responsible for driving KeyBank’s Community Reinvestment Act (CRA) compliance within the greater Philadelphia area and the Lehigh Valley. Additionally, Murdock will work with local KeyBank leadership and community organizations in partnership on critical community issues facing that market.

“The role of Corporate Responsibility Officer expands the role of our former CRA Officers at KeyBank. But our approach to serving low-to-moderate income populations is not new,” said Bruce Murphy, Executive Vice President and Head of Corporate Responsibility at KeyBank. “We are proud that our approach to responsible banking and citizenship has led to eight consecutive ‘Outstanding’ ratings from the OCC on the CRA exam. But we are more proud when we can make a transformative, long-term difference in our communities and for low income populations. I’m glad that we will have Renee leading those efforts in the greater Philadelphia area and the Lehigh Valley.”

Created earlier this year, the Corporate Responsibility Officer position will oversee a broad community engagement strategy in Key’s Eastern Pennsylvania market, which will include CRA compliance and execution of KeyBank’s $16.5 billion National Community Benefits Plan in the area. As part of the five-year plan, announced in partnership with The National Community Reinvestment Coalition and over 80 community organizations, KeyBank committed to $16.5 billion in mortgage lending, small business lending, community development lending and investing and philanthropy over the next five years.

The National Community Benefits Plan is designed to stimulate substantial job and economic growth in the communities where KeyBank operates, including greater Philadelphia and the Lehigh Valley. Murdock will partner with local KeyBank leadership, community development lending and investment partners, and KeyBank Foundation program officers on driving investments, loans, services, and philanthropy in the local markets as part of a community engagement strategy.

“KeyBank’s purpose is to help our clients and communities thrive,” said Market President Robert Kane. “Having Renee partner with my leadership team to develop and implement a community engagement strategy that meets this goal within our Eastern Pennsylvania market will be critical.”

Murdock has more than 30 years of banking, community development and non-profit management experience. She previously served in a similar role for First Niagara Bank in the Eastern Pennsylvania market and will continue her work in the region for Key. Before joining KeyBank, she was the Vice President of Neighborhood Services & Human Resources for Project HOME, a non-profit organization in Philadelphia. She also has broad banking experience and formerly worked for large regional banks as a Community Development Manager for Pennsylvania/Delaware at Wachovia, a Commercial Relationship Manager in middle market and small business lending, a Commercial Portfolio Manager, and a Branch Manager.

Murdock is the Board Treasurer for Commonwealth Housing Legal Services and a member of the Members’ Services Committee for the Philadelphia Association of Community Development Corporations. She is a cum laude graduate of Towson University in Baltimore Maryland with a Bachelors of Arts degree in Business Administration.