KeyCorp operates as the holding company for KeyBank National Association that provides various banking services to individual, corporate, and institutional clients in the United States. It primarily engages in generating deposits and originating loans. The company’s deposit products include NOW accounts, money market deposit accounts, savings deposits, checking deposits, certificates of deposit, and other time deposits. The company’s loan portfolio comprises commercial, financial, and agricultural loans; commercial real estate loans; commercial leases; residential real estate loans; and consumer loans, such as home equity loans and automobile loans. KeyCorp also provides personal and corporate trust services, personal financial services, access to mutual funds, cash management services, investment banking and capital markets products, international banking services, and investment management services. In addition, the company offers accident, health, and credit-life insurance on loans made by its subsidiary bank; principal investing; community development financing; securities underwriting and brokerage; and merchant services. As of December 31, 2007, it operated 955 full-service retail banking branches in 13 states and 1,443 automated teller machines in 15 states. The company was founded in 1849 and is headquartered in Cleveland, Ohio.