Key Bank of Washington

Your money and your business are safe with KeyBank.

With recent challenges facing the banking industry creating understandable concern, we want to assure you that Key remains financially strong and ready to meet your banking needs. We can confidently say our depositors' funds are not in any jeopardy.

Certainly, the problems that first emerged through the subprime mortgage crisis continue to impact our industry. While all financial institutions have been affected, Key is fortunate to be in a safe and sound financial position.

Key's strength has been affirmed by major credit rating agencies. We continue to be rated "investment grade" by the four primary credit rating agencies. And our long-term deposit ratings are "A1" from Moody's, "A" from Standard and Poor's and "A+" from Fitch Ratings.*

Deposits in KeyBank are FDIC-insured. The head of the FDIC recently stated that no insured depositor ever lost a penny of FDIC-insured deposits. We can add that, throughout Key's 183-year history, no depositor has ever lost money with KeyBank.

You can determine the insurance coverage on your account(s) at KeyBank by reading the FDIC brochure, "Insuring Your Deposits." The brochure is available online at www.fdic.gov. You can also calculate your FDIC deposit insurance coverage by using the agency's Electronic Deposit Insurance Estimator, which is available at www.fdic.gov/edie.

At KeyBank, we greatly value our relationship with you. Through our predecessor banks, we've been in business since 1825. Today, we have grown to one of the nation's largest bank-based financial services companies with assets of $102 billion. While there have been many difficult economic cycles throughout our history, KeyBank has always been there to meet the needs of depositors. We pledge to continue that record.

Thank you for your confidence in KeyBank.

Henry L. Meyer
Chairman and Chief Executive Officer