SUPERIOR, CO. – July 31, 2019 – Key Equipment Finance, one of the nation’s largest bank-held equipment finance companies and an affiliate of KeyCorp(NYSE: KEY), today announced the promotion of Lori A. Maxon to vice president of commercial vendor technology. In this role, Maxon will work closely with technology vendors to develop structured finance solutions for enterprise clients throughout the Northeast.
“We are very fortunate to have someone with Lori’s background and experience in this role to help our vendors use structured financing as a means to shorten sales cycles and increase the breadth of solutions that they can provide their clients,” said David Lempko, senior vice president, commercial vendor IT, Key Equipment Finance. “Lori has been with Key Equipment Finance since 1998 and has worked through a progression of roles with increasing responsibility throughout her tenure. I look forward to seeing her succeed in her new position.”
Maxon joined Key Equipment Finance in 1998 and most recently was vice president, commercial leasing services, business banking. Previously, she worked for the company in various capacities, including account manager, inside sales and business banking.
Maxon has a bachelor’s degree in business administration, marketing from Syracuse University.
About Key Equipment Finance
Key Equipment Finance has been in the equipment finance business for 46 years and is one of the largest bank-based equipment finance providers in the U.S. The company provides tailored equipment lease and finance solutions for commercial clients and government entities. Through its commercial vendor unit, equipment finance programs are developed for manufacturers, distributors and resellers.
Key Equipment Finance’s specialty finance group includes a specialty finance lending team, which provides structured facilities to various sectors of the specialty finance market, and a capital markets team to support corporations looking to optimize risk and revenue. Headquartered outside Denver, Colorado, Key Equipment Finance manages nearly $13 billion in assets and originates nearly $6 billion of equipment financing annually. For more information, visit http://www.keyequipmentfinance.com.
About KeyCorp
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $144.5 billion at June 30, 2019.Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of over 1,100 branches and more than 1,400 ATMs. 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.