MEMPHIS, Tenn., May 9, 2011 (GLOBE NEWSWIRE) -- In response to storm and flood damage, First Tennessee Bank is providing relief to people in the bank's markets through payment and credit assistance options and waived fees. In addition, the First Tennessee Foundation will match donations from the public and employees up to a total of $250,000. First Tennessee is part of the First Horizon National Corp. (NYSE:FHN) family of companies, and the First Tennessee Foundation is sponsored by First Tennessee.
First Tennessee will provide payment assistance and make additional funds available to existing consumer and business credit customers. For new borrowers, the company is offering assistance through new credit availability for auto, real estate and equipment loans. All options are subject to credit approval, and borrowers must be located in areas designated by FEMA as disaster areas. County declarations are updated daily by FEMA, and availability of assistance will be expanded as additional counties are declared disaster areas.
In addition to the extension of credit options, First Tennessee will waive fees from May 8 to May 22 for non-customers on selected First Tennessee ATMs in the impacted areas.
The First Tennessee Foundation will provide up to $250,000 for storm relief by matching public donations made at First Tennessee financial centers and contributions of First Tennessee and FTN Financial employees. Anyone wishing to contribute to the relief efforts can visit any First Tennessee financial center and make a donation to the Red Cross or The Salvation Army. Contributions will be accepted through June 10.
The bank will also donate $1 for every new "like" the First Tennessee Facebook page receives. ()
For more information, call 1-866-285-2171 or visit your local First Tennessee financial center.
About First Horizon
The 5,200 employees of First Horizon National Corp. (NYSE:FHN) provide financial services through almost 180 First Tennessee Bank locations in and around Tennessee and 18 FTN Financial Group offices in the U.S. and abroad. First Tennessee has the leading combined market deposit share in the counties where it does business and one of the highest customer retention rates of any bank in the country. FTN Financial is a capital markets industry leader in fixed income sales, trading and strategies for institutional clients in the U.S. and abroad. FHN has been recognized as one of the nation's best employers by AARP and Working Mother magazines. More information is available at www.fhnc.com.
CONTACT: Media Relations, Jack Bradley, (901)523-4813 Media Relations, Lizzy Haymond, (901)523-4291