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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.

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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.

News Market Reaction 1 Alert

+2.57% News Effect

On the day this news was published, FHN gained 2.57%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/first-horizon-foundation-commits-250-000-to-hurricane-helene-relief-efforts-in-affected-communities-302267920.html

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.
First Horizon Corporation

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