First Horizon Foundation Commits $250,000 to Hurricane Helene Relief Efforts in Affected Communities
Rhea-AI Summary
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.
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
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.
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
About First Horizon
First Horizon Corp. (NYSE: FHN), with
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SOURCE First Horizon Corporation