The KeyBank in Washington state has appointed a national executive of its Native American Financial Services initiative.

Mike Lettig, a 27-year veteran of the bank, says the effort will focus on tribes across the nation. He says the market is worth "billions of dollars in revenue, billions of dollars needed in debt instruments, billions of dollars at stake for investments and trusts."

KeyBank currently provides services to 45 tribes in the U.S. and Alaska. According to The Tacoma News Tribune, the bank has a total credit commitment of $414 million to tribes.

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KeyBank commits to working with tribes (The Tacoma News Tribune 8/30)