keycorp shares have fallen 17 over the past week amid pressure on regionalbanking names and they’ve shed nearly half of their value so far this year the recent selloff has prompted one executive to buy up shares on the decline andrew “randy” paine who heads institutional banking at the clevelandbased financialservices company scooped up 75000 shares of keycorp key on the open market wednesday paying an average price of 978 apiece according to a thursday filing with the securities and exchange commission he paid over 730000 in the transaction paine now owns 335414 shares of keycorp directly while owning another 41823 indirectly through his spouse a 401k plan and an entity called paine investments lp keycorp didn’t immediately respond to a marketwatch request for comment on the purchase the sec’s edgar platform shows several transactions for paine related to options and restrictedstock vesting going back to february 2022 but no other openmarket stock purchases during the period paine joins other company insiders who’ve made smaller purchases recently richard hipple a director paid 23452 to acquire 2200 shares april 26 while victor alexander the head of consumer banking bought up 8500 shares april 21 for just upwards of 100000 paine’s purchase this week comes as regionalbanking stocks have fallen under renewed pressure after first republic’s sale to jpmorgan chase  co jpm last week additionally a report late wednesday said that pacwest bancorp pacw was also considering a sale adding to concerns about the broader sector read bank stocks drop again as pacwest free fall ‘feeds that narrative’ of weakness despite a ‘fundamentally sound’ business though keycorp has seen its stock slide nearly 50 so far in 2023 that drop isn’t quite as dramatic as the selloffs in shares of pacwest down 86 or western alliance bancorp wal down 69 keycorp posted firstquarter results april 20 with chief executive chris gorman commenting that the company’s “durable business model continues to provide stability while driving sound profitable growth through all market conditions” firstquarter deposits fell to 1434 billion from 1457 billion in the fourth quarter