October 28, 2025
BDC Capital Welcomes KeyBank as a Member Bank
KeyBank, headquartered in Cleveland, Ohio, recently became a BDC Capital member bank and joins 35 financial institutions located throughout New England as the primary funding source for BDC’s various financing programs.
Paul F. Flynn, Jr., BDC Capital’s President and CEO, stated that “BDC works in partnership with banks and investors to deliver customized financing solutions beyond the scope of conventional financing. Bankers refer many of their customers to us to help extend their institution’s lending capacity. KeyBank is a great addition to our membership.”
“KeyBank, with a 200-year legacy, stands out for its relationship-driven approach and deep local roots in New England. The bank emphasizes local decision-making and long-term partnerships, particularly in Boston, where it continues to support business owners through stability and personalized service.”, said Carmen Posteraro, VP – Relationship Manager, Middle Market. “Having worked for BDC Capital earlier in my career and knowing firsthand its importance in the New England market, I could not be prouder to be a member of BDC Capital and strengthen KeyBank’s ability to serve middle market businesses across the Commonwealth and neighboring states.”
KeyBank joins the list of BDC member financial institutions:
- Bank of America
- Bank of New England
- BankNewport
- Bar Harbor Bank & Trust
- Bay State Savings Bank
- Beacon Bank (Berkshire Bank, Bookline Bank, Bank RI)
- Brown Brothers Harriman & Co.
- Cambridge Savings Bank
- Cape Ann Savings Bank
- Cape Cod Five Cents Savings Bank
- Citizens Bank of Massachusetts
- Coastal Heritage Bank
- Country Bank for Savings
- Dedham Savings
- Eastern Bank
- Everett Co-Operative Bank
- First Citizens
- John Hancock Financial Services
- Liberty Bank
- M&T Bank
- Middlesex Savings Bank
- MountainOne
- NBT Bank
- Needham Bank
- Newburyport Bank
- North Shore Bank
- Rockland Trust Company
- Santander
- South Shore Bank
- StonehamBank
- TD Bank
- The Lending Club
- Washington Trust Company
- Webster Bank
- Westfield Bank
About BDC Capital:
The oldest business development corporation in the United States, BDC Capital has been recognized locally and nationally as a leader and innovator in business lending and capital investment. Many of New England’s leading financial institutions invest in BDC to help promising companies expand. For over 70 years, we have invested more than $2 billion in thousands of companies in New England.
Whether the need is $500,000 or $10 million, BDC Capital provides a wide range of financing solutions. We offer asset-based lines of credit, term debt, cash flow loans, mezzanine investments, and SBA 504 loans, all of which are customized to suit the needs of a business.
About KeyBank:
In 2025, KeyBank celebrates its bicentennial, marking 200 years of service to clients and communities from Maine to Alaska. Headquartered in Cleveland, Ohio, KeyBank is one of the nation’s largest bank-based financial services companies, with assets of approximately $187 billion at December 31, 2024.
KeyBank provides deposit, lending, cash management, and investment services to individuals across the U.S. through a network of 1,000 branches and 1,200 ATMs. KeyBank also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies throughout the United States through the KeyBanc Capital Markets trade name.
Nationally, KeyBank earned twelve 2025 Best Bank Awards from Coalition Greenwich, including honors for trust, customer service, and advisory capabilities in both middle market and small business banking. These awards reflect KeyBank’s commitment to building long-term relationships and delivering expert financial guidance that helps businesses grow and thrive across the U.S.
More information about KeyBank is available online at www.key.com.
For more information, visit our website, call us at 781-928-1100, or contact:
Paul F. Flynn, Jr.
Email: pflynn@bdcnewengland.com
Work: 781-928-1133
Carol C. Brennan
Email: cbrennan@bdcnewengland.com
Cell: 413-237-6648
