First Tennessee invests $1 million in Operation HOPE
September 28 2016 - 8:45AM
First Tennessee Bank will contribute $1 million to expand its
financial literacy efforts through a partnership with global
financial dignity and economic empowerment nonprofit, Operation
HOPE, Inc. The $1 million investment in Operation HOPE’s new
HOPE Fund will support creation of the First Tennessee Financial
Education & Empowerment Program, which will offer free
financial education to youth, adults, and small businesses.
The curriculum will be facilitated by First Tennessee’s employee
volunteers, strategic nonprofit alliance partners, and counselors
at First Tennessee HOPE Inside offices.
First Tennessee will open a total of 15 HOPE Inside offices,
including several offices specific to small business counseling. To
date, First Tennessee has opened five HOPE Inside offices – in
branches in Memphis, Nashville and Knoxville – and will open three
more by the end of the year, including the first HOPE Inside
location in Chattanooga. The seven other HOPE Inside offices
will open in First Tennessee branches in 2017.
“First Tennessee is committed to providing financial literacy
education, tools and support to help our customers and communities
reach their financial goals,“ said Bryan Jordan, chairman,
president and CEO of First Tennessee's parent company, First
Horizon National Corp. (NYSE:FHN). “We are committed to making our
communities stronger, because we know that when our communities
succeed, First Tennessee can succeed.”
Since 2014, HOPE Inside offices at First Tennessee have provided
credit counseling to more than 2,400 participants through the 700
Credit Score Communities Program, which provides education on
budgeting, debt management and building wealth.
“Operation HOPE is pleased to be part of the
expansion of First Tennessee’s efforts to impact and uplift
underserved communities throughout the state,” said John Hope
Bryant, founder, chairman and CEO of Operation HOPE. “This
investment in the HOPE Fund will allow Operation HOPE to extend its
programming reach—teaching people the language of money,
transforming financial mindsets, and empowering people with the
tools they need to develop plans to move their lives forward by
raising their credit scores, starting and growing businesses, or
simply making better financial decisions.”
More information about the First Tennessee Financial Education
& Empowerment Program is available from Melissa Duong of First
Tennessee at (901) 523-4156 or MDuong@FirstTennessee.com. More
information about HOPE Inside credit counseling is available in the
community engagement section of www.FirstTennessee.com
or:
- Memphis Crosstown: Sherita Goodman at (901) 485-0511 or
sherita.goodman@operationhope.org
- Memphis Orange Mound: Wanda McDonald at (901) 452-2102 or
wanda.mcdonald@operationhope.org
- Nashville: Kenneth DeJarnette at (615) 258-4775 or
kenneth.dejarnette@operationhope.org
- Knoxville Burlington: Deborah Porter at (865) 474-9270 or
deborah.porter@operationhope.org
- South Knoxville: Kristie Blevins at (865) 577-8025 or
kristie.blevins@operationhope.org
About First TennesseeFirst Tennessee Bank is
the largest bank headquartered in Tennessee, with the number one
deposit market share in Chattanooga, Knoxville, Memphis and the
Tri-Cities and a top-five deposit market share in Nashville. The
FTB Advisors wealth management group has 313 financial advisors and
$25 billion in assets under administration. First Tennessee was
founded during the Civil War in 1864 and has the 14th oldest
national bank charter in the country and one of the highest
customer retention rates of any bank in the country. First
Tennessee, FTN Financial and FTB Advisors are part of First Horizon
National Corp. (NYSE:FHN), which has 4,300 employees. First Horizon
has been recognized as one of the nation's best employers by
Forbes, Working Mother and American Banker magazines. More
information is available at www.FirstTennessee.com.
About Operation HOPE Inc.
Since 1992, Operation HOPE has been moving America from civil
rights to "silver rights" with the mission of making free
enterprise and capitalism work for the underserved. Through its
core programs, the nonprofit has provided financial dignity and
economic empowerment to over 2.6 million individuals worldwide, and
$2 billion in economic activity for the disenfranchised—turning
check cashing customers into banking customers, renters into
homeowners, small business dreamers into small business owners and
minimum wage workers into living wage consumers. Project 5117
is HOPE’s multi-year four-pronged approach to combating economic
inequality that aims to improve financial literacy, increase
business role models and business internships for youth, and
stabilize the American dream by boosting credit scores. Operation
HOPE recently received its second consecutive 4-star charity rating
for fiscal management and commitment to transparency and
accountability by the prestigious non-profit evaluator, Charity
Navigator—further establishing it as a best-in-class organization.
For more information: www.OperationHOPE.org. Follow Operation HOPE
on Facebook and Twitter @OperationHOPE.
FHN-G
Contact: James Dowd (901) 523-4305 JEDowd@FirstTennessee.com
Kim Cherry (901) 523-4380 KCherry@FirstTennessee.com
First Horizon (NYSE:FHN)
Historical Stock Chart
From Mar 2024 to Apr 2024
First Horizon (NYSE:FHN)
Historical Stock Chart
From Apr 2023 to Apr 2024