KeyBank Names Timothy Burke as Northeast Ohio President
Mar 14, 2019
The Akron Urban League would like to congratulate Timothy Burke as he has been elevated to the position of President of the Northeast Ohio region for KeyBank. The Akron Urban League has been a beneficiary of KeyBank's Business Boost & Build program, receiving funding for our Ignite workforce development program. We look forward to seeing the positive impact you will continue to have in this region.
(Article from Crains Cleveland)
KeyBank has announced a changing of the guard for some leaders in its flagship Northeast Ohio region.
Timothy Burke has been named market president of Northeast Ohio, putting him in place to oversee a region encompassing Cleveland, Akron, Canton and Youngstown.
Burke joined Key in August 2016 from FirstMerit Bank — where he had previously worked for more than seven years and was a regional CEO — as it was acquired by Huntington Bank. He was named eastern Ohio president for Key Community Bank. At the time, Key was establishing an eastern Ohio leadership team that was particularly focused on the Akron-Canton region.
In his new role, Burke effectively replaces Kip Clarke, who most recently served Key as regional president of the Midwest region and Cleveland market president. Clarke has been promoted to head up Key's national business banking team.
"Kip has done an incredible job with the Cleveland market to really make his mark with his focus on job creation and urban revitalization" Burke said in a statement. "The city of Cleveland is on the rise and we want to make sure it continues to thrive. By continuing to develop and implement our commitments to our neighborhoods, we can be a catalyst toward growth in Cleveland."
In his new role, Clarke will lead teams across Key's footprint with a particular focus on serving small business clients.
"I've been a part of Northeast Ohio for a long time," Burke said, "and I'm looking forward to focusing on the area as a whole, from Youngstown to Canton to the edge of Lake Erie."
Key, with just under $140 billion in total assets, is the largest bank in Northeast Ohio by deposit market share. It controls about 18.36% of deposits in the region, according to the latest Federal Deposit Insurance Corp. data and Crain'sresearch. That is just a shade ahead of Columbus-based Huntington Bank, which briefly overtook Key in local deposit market share in 2017. Those two firms combined control 36.7% of the regional deposit market.