Portland investment bank purchased by KeyCorp

Portland investment bank purchased by KeyCorp

Pacific Crest Securities will join KeyBanc Capital Markets, the corporate and investment banking arm of Cleveland-based KeyCorp.

With this transaction KeyBanc gains Pacific Crest's expertise in the technology industry, with focus areas including semiconductor and clean technology, software and systems, and Internet and digital media.

KeyCorp is also the parent company of KeyBank, the sixth biggest bank operating in Oregon in terms of market share. It has a nearly 6 percent share of the market.

Read more at Portland Business Journal