List Honors Financial Institutions For
Contributions Made During Military Saves Week 2023
MEMPHIS,
Tenn., Aug. 29, 2023 /PRNewswire/ -- First
Horizon Bank, the banking subsidiary of First Horizon Corp. (NYSE:
FHN or "First Horizon") has received a coveted Designation of
Savings Excellence (DOSE) Award from America Saves. The award is
designed specifically to honor financial institutions with the
greatest impact during Military Saves Week. The honorees were
chosen from hundreds of credit unions and banks that participated
in a week-long celebration to encourage the service members in
their audience to hit pause and check in on their finances.
"As protectors of our nation, the stability of our military
families must be centered, and financial stability is an ongoing
factor in military readiness," said Kia
McCallister-Young, director of America Saves. "Our current
economy—with inflation, workplace shifts, and housing crises—has
caused a compounded financial strain on the most vulnerable among
us, including the military community at-large. Having financial
institutions that are committed to changing the narrative and
providing practical strategies, tips, and resources that move
people to action is essential in the strength of our Armed Forces.
Getting a front-row seat in seeing how these banks and credit
unions go above and beyond for military families is a true honor.
It is with great joy that we get the opportunity to recognize their
profound work and impact."
The impact of Military Saves Week 2023 spanned not only across
the country but also the globe, impacting more than 16.4M individuals and reaching as far as
Germany, South Korea and Japan. In addition to reaching millions of
individuals, participating financial institutions also reported a
deposit total of $108,445,911.26 into
new and existing savings or wealth-building accounts. All
participating banks and credit unions were considered for the DOSE
Award with final honors bestowed upon those that recorded the
highest number of new accounts opened and the largest amount
deposited into new or existing savings accounts.
"The financial wellness of all our clients is top of mind for
First Horizon. We recognize the unique challenges that many clients
face and are committed to providing the best resources and counsel
to each of them. We thank Military Saves and the Consumer
Federation of America for instilling and recognizing positive
savings habits around the world," said Dr. Anthony C. Hood, Chief Diversity Equity and
Inclusion Officer at First Horizon Bank.
To learn more about Military Saves and year-round efforts to
support service members and their families, visit
https://militarysaves.org/.
About First Horizon
First Horizon Corp. (NYSE:
FHN), with $85.1 billion in
assets as of June 30, 2023, 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 Bank