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First Horizon Foundation Commits $250,000 to Hurricane Helene Relief Efforts in Affected Communities

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First Horizon Foundation has pledged $250,000 to support communities affected by Hurricane Helene. The funds will be distributed through nonprofit partners, with 501(c)(3) organizations able to apply for funding online. First Horizon has also provided immediate assistance through manpower and essential supplies distribution to associates.

The company has reopened the majority of its banking centers in affected areas and deployed ATMs and mobile banking units to meet clients' needs. Clients can access updates on business operations, fee waivers, loan deferrals, and recovery resources on the First Horizon website.

First Horizon Foundation, established in 1993, has donated over $150 million to community needs, focusing on areas such as Arts & Culture, Education & Leadership, Environment, Financial Literacy, and Health & Human Services. First Horizon Corp. (NYSE: FHN) is a leading regional financial services company with $82.2 billion in assets as of June 30, 2024.

La First Horizon Foundation ha promesso 250.000 $ per supportare le comunità colpite da Hurricane Helene. I fondi saranno distribuiti attraverso partner no-profit, con le organizzazioni 501(c)(3) che potranno fare richiesta di finanziamento online. First Horizon ha anche fornito assistenza immediata attraverso la distribuzione di manodopera e forniture essenziali agli associati.

L'azienda ha riaperto la maggior parte dei suoi centri bancari nelle aree colpite e ha distribuito sportelli automatici e unità bancarie mobili per soddisfare le esigenze dei clienti. I clienti possono accedere agli aggiornamenti sulle operazioni commerciali, sulle esenzioni dalle commissioni, sui rinvii di prestiti e sulle risorse per la ripresa sul sito web di First Horizon.

La First Horizon Foundation, fondata nel 1993, ha donato oltre 150 milioni di $ per le necessità della comunità, concentrandosi su aree come Arte e Cultura, Educazione e Leadership, Ambiente, Alfabetizzazione Finanziaria e Servizi Sanitari e Umani. First Horizon Corp. (NYSE: FHN) è una delle principali aziende regionali di servizi finanziari con 82,2 miliardi di $ in attivi al 30 giugno 2024.

La Fundación First Horizon ha prometido 250,000 $ para apoyar a las comunidades afectadas por el Huracán Helene. Los fondos se distribuirán a través de socios sin fines de lucro, con organizaciones 501(c)(3) que podrán solicitar financiamiento en línea. First Horizon también ha proporcionado asistencia inmediata a través de la distribución de mano de obra y suministros esenciales a los asociados.

La compañía ha reabierto la mayor parte de sus centros bancarios en las áreas afectadas y ha desplegado cajeros automáticos y unidades bancarias móviles para satisfacer las necesidades de los clientes. Los clientes pueden acceder a actualizaciones sobre las operaciones comerciales, exenciones de tarifas, aplazamientos de préstamos y recursos de recuperación en el sitio web de First Horizon.

La Fundación First Horizon, establecida en 1993, ha donado más de 150 millones de $ para las necesidades de la comunidad, enfocándose en áreas como Artes y Cultura, Educación y Liderazgo, Medio Ambiente, Alfabetización Financiera y Salud y Servicios Humanos. First Horizon Corp. (NYSE: FHN) es una empresa líder de servicios financieros regionales con 82.2 mil millones de $ en activos a partir del 30 de junio de 2024.

퍼스트 호리즌 재단은 25만 달러헬렌 허리케인의 영향을 받은 지역 사회를 지원하기 위해 약속했습니다. 자금은 비영리 파트너를 통해 배분되며, 501(c)(3) 조직은 온라인으로 자금 지원을 신청할 수 있습니다. 퍼스트 호리즌은 또한 인력 지원과 필수 용품 배급을 통해 즉각적인 도움을 제공했습니다.

회사는 영향 받은 지역의 대부분의 은행 센터를 재개했고 고객의 요구를 충족하기 위해 ATM과 모바일 뱅킹 유닛을 배치했습니다. 고객은 퍼스트 호리즌 웹사이트에서 사업 운영, 수수료 면제, 대출 연기 및 복구 자원에 대한 업데이트를 확인할 수 있습니다.

퍼스트 호리즌 재단은 1993년에 설립되어 지역 사회의 필요를 위해 1억 5천만 달러 이상을 기부했으며, 예술 및 문화, 교육 및 리더십, 환경, 재정 교육 및 건강 및 인간 서비스와 같은 분야에 중점을 두고 있습니다. 퍼스트 호리즌 주식회사(NYSE: FHN)는 2024년 6월 30일 기준 822억 달러의 자산을 보유한 주요 지역 금융 서비스 회사입니다.

La First Horizon Foundation a promis 250 000 $ pour soutenir les communautés touchées par l'ouragan Helene. Les fonds seront distribués par le biais de partenaires à but non lucratif, avec des organisations 501(c)(3) pouvant demander un financement en ligne. First Horizon a également fourni une assistance immédiate par la distribution de main-d'œuvre et de fournitures essentielles aux employés.

L'entreprise a rouvert la majorité de ses centres bancaires dans les zones touchées et a déployé des distributeurs automatiques et des unités bancaires mobiles pour répondre aux besoins des clients. Les clients peuvent accéder aux mises à jour sur les opérations commerciales, les exonérations de frais, les reports de prêts et les ressources de récupération sur le site web de First Horizon.

La First Horizon Foundation, fondée en 1993, a fait don de plus de 150 millions de $ aux besoins de la communauté, en se concentrant sur des domaines tels que les arts et la culture, l'éducation et le leadership, l'environnement, l'alphabétisation financière et les services de santé et sociaux. First Horizon Corp. (NYSE: FHN) est une entreprise de services financiers régionale de premier plan avec 82,2 milliards de $ d'actifs au 30 juin 2024.

Die First Horizon Foundation hat 250.000 $ zugesagt, um Gemeinschaften, die von Hurricane Helene betroffen sind, zu unterstützen. Die Mittel werden über gemeinnützige Partner verteilt, wobei 501(c)(3) Organisationen online Fördermittel beantragen können. First Horizon hat auch sofortige Hilfe durch die Bereitstellung von Arbeitskräften und wesentlichen Versorgungsgütern an die Mitarbeiter geleistet.

Das Unternehmen hat die meisten seiner Bankzentren in den betroffenen Gebieten wiedereröffnet und Geldautomaten und mobile Bankeinheiten bereitgestellt, um die Bedürfnisse der Kunden zu erfüllen. Kunden können auf der Website von First Horizon Updates zu Geschäftstätigkeiten, Gebührenerlass, Darlehensstundungen und Wiederherstellungsressourcen abrufen.

Die First Horizon Foundation, die 1993 gegründet wurde, hat über 150 Millionen $ für die Bedürfnisse der Gemeinschaft gespendet und sich auf Bereiche wie Kunst und Kultur, Bildung und Führung, Umwelt, Finanzbildung sowie Gesundheits- und Sozialdienste konzentriert. Die First Horizon Corp. (NYSE: FHN) ist ein führendes regionales Finanzdienstleistungsunternehmen mit 82,2 Milliarden $ an Vermögenswerten zum 30. Juni 2024.

Positive
  • Commitment of $250,000 for hurricane relief efforts
  • Majority of banking centers in affected areas reopened
  • Deployment of ATMs and mobile banking units to meet client needs
  • Provision of financial support through Associate Relief Fund
Negative
  • None.

Insights

First Horizon's $250,000 commitment to Hurricane Helene relief efforts, while commendable, is unlikely to have a significant impact on the company's financial performance or stock price. With a market cap of $8.15 billion, this donation represents only about 0.003% of the company's value. However, it does demonstrate corporate social responsibility, which can enhance brand reputation and customer loyalty in affected areas.

The operational updates provided, such as reopened banking centers and deployed mobile banking units, suggest minimal disruption to business activities. This quick response could help maintain customer relationships and mitigate potential revenue losses in impacted regions. The offering of fee waivers and loan deferrals may have a short-term negative impact on revenue, but could foster long-term customer retention and goodwill.

Investors should note that First Horizon's ability to respond effectively to natural disasters is crucial, given its significant presence in the southern U.S., an area prone to hurricanes. This event showcases the company's disaster response capabilities, which is an important factor in assessing operational resilience for a regional bank of this size.

First Horizon's response to Hurricane Helene demonstrates a well-executed crisis management and community support strategy. The $250,000 commitment, while not financially significant for the company, sends a strong message of solidarity with affected communities. This action, combined with the immediate distribution of essential supplies and support for employees through the Associate Relief Fund, positions First Horizon as a caring corporate citizen.

The company's multi-faceted approach - including financial aid, operational continuity and customer support measures like fee waivers and loan deferrals - showcases a comprehensive disaster response plan. This holistic strategy can significantly enhance brand perception and strengthen community ties, potentially leading to increased customer loyalty and positive word-of-mouth in the long term.

The transparency in communication, with regular updates on business operations and recovery resources, further reinforces trust. By providing a clear pathway for nonprofit organizations to apply for funding, First Horizon also ensures targeted and effective distribution of aid, which can amplify the positive PR impact of their contribution.

MEMPHIS, Tenn., Oct. 4, 2024 /PRNewswire/ -- First Horizon Foundation announced today its pledge of $250,000 to help communities impacted by Hurricane Helene. These funds will be distributed through nonprofit partners to address the needs of affected areas.  Applications for funding to 501(c)(3) organizations can be submitted online at https://firsthorizonfoundation.com/HeleneRelief.

Immediately following the storm, First Horizon Corporation provided manpower and distributed essential supplies, including water, ice, food, batteries and fuel, to associates and will continue to provide financial support through its Associate Relief Fund. The majority of First Horizon banking centers in affected areas are now open. In addition, ATMs and mobile banking units have been deployed to meet clients' needs.  Clients can visit www.firsthorizon.com  for updates on business operations, fee waivers, loan deferrals and other recovery resources.

"Our thoughts and prayers go out to everyone experiencing loss from this catastrophic storm," said First Horizon President and CEO Bryan Jordan. "We stand ready to help rebuild and restore the lives of our associates, clients and the communities we serve."

About the First Horizon Foundation
First Horizon Foundation is the private charitable foundation of First Horizon Corporation. Founded in 1993, the Foundation has donated more than $150 million to meet community needs. Grants from the Foundation support the following impact areas: Arts & Culture, Education & Leadership, Environment, Financial Literacy, and Health & Human Services. More information is available at www.firsthorizonfoundation.com.  

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.

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SOURCE First Horizon Corporation

FAQ

How much did First Horizon Foundation (FHN) commit to Hurricane Helene relief efforts?

First Horizon Foundation committed $250,000 to Hurricane Helene relief efforts in affected communities.

What immediate assistance did First Horizon (FHN) provide after Hurricane Helene?

First Horizon provided manpower and distributed essential supplies, including water, ice, food, batteries, and fuel to associates immediately following the storm.

How can organizations apply for Hurricane Helene relief funding from First Horizon Foundation (FHN)?

501(c)(3) organizations can apply for funding online at https://firsthorizonfoundation.com/HeleneRelief.

What was First Horizon's (FHN) total asset value as of June 30, 2024?

First Horizon Corp. (NYSE: FHN) reported $82.2 billion in assets as of June 30, 2024.

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