firsttenn.jpg

First Tennessee Commits $1M to Fogelman Downtown YMCA $4M Capital Campaign

Print
| Source: First Horizon National Corporation

MEMPHIS, Tenn., May 10, 2018 (GLOBE NEWSWIRE) -- Thanks to a new partnership between First Tennessee Bank and the YMCA of Memphis & the Mid-South, the Fogelman Downtown YMCA will receive a $500,000 donation and a Matching Challenge Gift of $500,000 from First Tennessee to remodel significant portions of the building that opened in 1987.

“First Tennessee’s truly transformational donation and additional challenge gift brings our total raised to $2,460,000, or 60 percent of our $4 million goal. We are confident that our membership will be inspired by the challenge as we launch the community portion of the campaign and continue to approach other businesses, philanthropists and foundations,” said Angelic Graves, Executive Director of the Fogelman Downtown YMCA. “This campaign will allow the YMCA to continue its longstanding tradition of providing health and wellness solutions to our downtown community with a focus on strengthening spirit, mind, and body. Additionally, renovations of our downtown location will allow us to increase recruitment among downtown businesses, including First Tennessee. We also look forward to engaging First Tennessee volunteers in our financial literacy program for youths.”

For more than 150 years, First Tennessee has strengthened communities by collaborating with nonprofit, community development and civic partners to meet community needs, encourage growth and support sustainability. The Y is one of the nation’s leading nonprofits, strengthening communities through youth development, healthy living and social responsibility, and working to make sure that everyone, regardless of age, income or background has the opportunity to learn, grow and thrive. 

“First Tennessee and the Fogelman Downtown YMCA share a vision that by increasing financial and physical wellness we can create a stronger Memphis,” said Bryan Jordan, CEO of First Horizon National Corp., parent company of First Tennessee. “We are proud to support the Fogelman Downtown Y and invite other companies and organizations to join us in promoting a healthier, stronger community by contributing to this capital campaign.”

Added Jerry Martin, CEO of YMCA of Memphis and Mid-South, “We are extremely grateful for the First Tennessee commitment to the Fogelman Y. This YMCA has been a pillar of our downtown Memphis community since 1909, and the commitment of First Tennessee and others will ensure this legacy continues for many years to come.” 

About the YMCA of Memphis & the Mid-South

Founded in 1855, the YMCA of Memphis & the Mid-South is a fully inclusive non-profit organization that serves approximately 170,000 Mid-Southerners each year through 11 full-service branches that offer aquatics, wellness, teen leadership, at-risk youth and senior programs. The branches also offer afterschool care and sports leagues. Fee assistance is available for those who qualify, and no one is denied participation due to the inability to pay. The YMCA of Memphis and the Mid-South is a member agency of the United Way of the Mid-South.      

About the Y

The Y is one of the nation’s leading nonprofits strengthening communities through youth development, healthy living and social responsibility. Across the U.S., 2,700 Ys engage 22 million men, women and children – regardless of age, income or background – to nurture the potential of children and teens, improve the nation’s health and well-being, and provide opportunities to give back and support neighbors. Anchored in more than 10,000 communities, the Y has the long-standing relationships and physical presence not just to promise, but to deliver, lasting personal and social change. To learn more, visit ymca.net.

About First Tennessee and Capital Bank

Our First Tennessee and Capital Bank brands have the largest deposit market share in Tennessee, more than 300 branches across the southeast U.S., and one of the highest customer retention rates of any bank in the country. We have been ranked by American Banker as No. 5 among the Top 10 Most Reputable U.S. Banks. We were founded in 1864, have the 14th oldest national bank charter in the country, and have one of the highest customer retention rates of any bank in the country. Our FTB Advisors wealth management group has more than 300 financial professionals and provides services to about $30 billion in assets. FTN Financial, with 28 offices across the U.S., is a capital markets industry leader in fixed income sales, trading and strategies for institutional customers in the U.S. and abroad. First Tennessee, Capital Bank, FTB Advisors, and FTN Financial are part of First Horizon National Corp. (NYSE:FHN). We have been recognized as one of the nation's best employers by Working Mother and American Banker magazines and the National Association for Female Executives. More information is available at www.FirstTennessee.com.

About Philanthropy with First Tennessee Bank

For more than 150 years, we have strengthened communities by collaborating with nonprofit, community development and civic partners to meet community needs, encourage growth and support sustainability. We leverage the First Tennessee Community Development Fund, First Tennessee Foundation, First Tennessee Housing Corp. and First Tennessee New Markets Corp. along with other creative solutions to foster affordable housing, services for underserved communities, community revitalization, small business economic development and financial literacy.

FHN-G

Media Contacts:
Jerry Martin, YMCA of Memphis & the Mid-South, (901) 766-7677, jmartin@ymcamemphis.org
James Dowd, First Tennessee, (901) 523-4305, jedowd@firsttennesse.com