MEMPHIS, Tenn., Feb. 24, 2016 (GLOBE NEWSWIRE) -- Demonstrating its ongoing commitment to creating stronger communities, First Tennessee wrapped up 2015 with hundreds of employees volunteering thousands of service hours to area nonprofit organizations. And the First Tennessee Foundation donated almost $6 million to nonprofits in the bank’s communities.
In 2015, nearly 650 First Tennessee employees recorded 17,997 volunteer service hours at 3,142 events. Volunteer hours translated into a community impact value of $415,190.
Employee efforts are supported through leadership grants and matching gifts programs, which honor and encourage employees who share their expertise and their own financial support to make their communities stronger.
“Serving our communities has been part of the First Tennessee way of doing business since we were founded more than 150 years ago,” said Bryan Jordan, chairman and CEO of First Tennessee’s parent company, First Horizon National Corp. (NYSE:FHN). “Our employees are volunteer champions who go above and beyond for the communities we serve. Our company is proud to celebrate their commitment and generosity.”
The First Tennessee Foundation supports nonprofits in communities the bank serves. In 2015, total foundation giving reached nearly $6 million through grants to 525 nonprofit organizations. More than 100 nonprofits received leadership grants totaling $80,000, while more than $450,000 in matching grants was distributed to 340 nonprofits.
Since its inception in 1993, the First Tennessee Foundation has donated more than $65 million to strengthen communities. For more information, visit www.FirstTennesseeFoundation.com.
About First Tennessee
First 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. 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 and FTN Financial 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 the First Tennessee Foundation
The First Tennessee Foundation is a Tennessee nonprofit corporation that was formed in 1993 by First Tennessee Bank’s parent company, First Horizon National Corp. (NYSE:FHN). Since its founding the First Tennessee Foundation has granted more than $65 million to strengthen nonprofits in communities the bank serves.
Source:First Horizon National Corporation