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Article: KeyCorp's Key Equipment Finance Completes Acquisition of American Express Business Finance.
- Article from:
- PR Newswire
- Article date:
- December 2, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Combination Elevates KEF to One of the Nation's Largest Companies Serving Small and Middle-Market Businesses
Key Equipment Finance (KEF), a global leader in equipment leasing and a unit of KeyCorp , today announced it had completed the previously announced acquisition of American Express Business Finance Corporation (AEBF), the equipment-leasing unit of American Express' small business division.
Presently the nation's third-largest bank-based equipment financing company, the combination will increase KEF's managed assets by approximately $1.5 billion, and elevate it to a leadership position in serving small and midsize businesses while giving the ...