Key Bank keeps Union State headquarters
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- August
- 2
KeyBank said it restructured its Hudson Valley district to accommodate its pending acquisition of Union State Bank, and said it will run the district from Union State’s Orangeburg headquarters.
Michael R. Orsino, president of KeyBank’s Capital Region for the past two years, will supervise the integration. Orsino was named president of the new district, which runs from Ulster and Dutchess counties in the north to Westchester and Rockland counties to the south.
Orsino will be based in Orangeburg. The district will have 63 branches, including Union State’s 31, and will be the largest in KeyBank’s Northeast region.
Reginald C. Fuller, president of the Hudson Valley district, was named the new district’s market president and will report to Orsino. Fuller will manage consumer business and integrate Union State’s consumer business.
He will work out of KeyBank’s Newburgh office, which will move this fall to Poughkeepsie. Fuller recently joined the board of directors of The Business Council of Westchester.
The sale of Union State, announced last week, is expected to close in the fourth quarter. Key’s cash/stock offer was valued at $575 million.
This entry was posted
on Thursday, August 2nd, 2007 at 3:44 pm by Jerry Gleeson.
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