First Horizon Announces Endowed Scholarship at LeMoyne-Owen College

Rhea-AI Summary

First Horizon Corp. (NYSE: FHN) has announced the establishment of the First Horizon Bank Endowed Scholarship at LeMoyne-Owen College in Memphis. This initiative is part of a broader education program aimed at investing in future professionals from colleges and universities that contribute to the community's fabric. The scholarship will be awarded annually to a student interested in finance or banking roles who aligns with the company's values of accessibility, connectivity, and enrichment.

In addition to the scholarship, the partnership will offer financial education, professional skill development, and career opportunities tailored to LeMoyne-Owen students. This collaboration underscores First Horizon's commitment to long-term community investment and prioritizing education in the region.

Positive

• Establishment of an endowed scholarship at LeMoyne-Owen College
• Partnership offering financial education and career development opportunities
• Long-term investment in community education and future professionals

Negative

• None.

News Market Reaction – FHN

-0.82%

-0.82% Session move

In the trading session that priced this news, FHN declined 0.82%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

MEMPHIS, Tenn., Aug. 20, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") announced the establishment of the First Horizon Bank Endowed Scholarship at LeMoyne-Owen College.

The endowed scholarship is part of a newly created education initiative aimed at investing in future professionals in the colleges and universities that contribute to the civic, social and economic fabric of our communities. In addition to the scholarship, the partnership will offer programming including financial education, professional skill development and career opportunities that are aligned with the school's offerings and tailored to the needs of its students.

The endowment will provide one scholarship per year to a student interested in finance or other roles in the banking industry who values our commitment to increasing accessibility, connectivity and enrichment for all.

"First Horizon is thrilled to announce this scholarship at LeMoyne Owen – a well-regarded, Memphis-headquartered center of education that, like First Horizon, has served our community for over 160 years," said Bryan Jordan, Chairman, President and CEO of First Horizon. "We remain committed to investing in the long-term sustainability of our community and continuing to make education a top priority for our region."

"It's an exciting day for us at LeMoyne-Owen College. The reality is when we look at what we believe we've been called to do, that is to train leaders, challenge our students to take advantage of opportunities, and ultimately change our city, our county, our world, we can't do that without partners," stated Dr. Christopher B. Davis, President LeMoyne-Owen College. "The investment that First Horizon made today in terms of an endowed scholarship and the offer to help create pathways for our students is a significant investment and for that we're grateful."

About First Horizon
First Horizon Corp. (NYSE: FHN), with $82.2 billion in assets as of June 30, 2024, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/first-horizon-announces-endowed-scholarship-at-lemoyne-owen-college-302226520.html

SOURCE First Horizon Corporation

FAQ

What is the First Horizon Bank Endowed Scholarship at LeMoyne-Owen College?

The First Horizon Bank Endowed Scholarship is an annual scholarship established by First Horizon Corp. (NYSE: FHN) for students at LeMoyne-Owen College interested in finance or banking careers, emphasizing accessibility, connectivity, and enrichment.

What additional benefits does the First Horizon partnership offer to LeMoyne-Owen College students?

The partnership offers financial education, professional skill development, and career opportunities tailored to LeMoyne-Owen College students, in addition to the endowed scholarship.

How does the First Horizon scholarship align with the company's community investment strategy?

The scholarship aligns with First Horizon's commitment to investing in the long-term sustainability of the community and prioritizing education in the region, particularly focusing on institutions that contribute to the civic, social, and economic fabric of the community.