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February 20, 2023 / 2023 Power 50

2023 Power 50: 22. Matthew E. Hummel

Matt Hummel

Looking to jump-start its commercial lending activity in Connecticut, Ohio-based KeyBank hired industry veteran Matthew Hummel in 2020 to recruit and lead a sales team. 

So far, the $187.7 billion-asset bank seems to like his performance. 

Last year, Hummel was promoted to Connecticut market president. 

Hummel, a former All-American college basketball player at Colby College, previously spent most of his 30-plus-year career at Bank of America.

His focus at KeyBank has been on the middle market commercial lending space, providing loans and other financial services to companies with between $25 million to $2 billion in revenue. He’s recruited several top commercial bankers to his steam since joining KeyBank. 

The avid UConn fan who has lived and worked in Connecticut his who life recently told the Hartford Business Journal the biggest challenge in 2023 will be riding out economic uncertainty. 

“Higher interest rates, increasing inflation, expectations of an impending recession, and general geopolitical unrest are all creating a level of economic uncertainty and volatility that is impacting commercial loan demand,” he said. “My team and I foresee a softening in loan demand over the next year or so until the economy evens out.”

Find out who else is in the 2023 Power 50.

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