September 26, 2016
Donation to Support the DHIC Homeownership Center
RALEIGH, N.C. – As part of its commitment to community involvement and charitable giving, First Tennessee Bank of the Triangle donated $60,000 to DHIC, a nonprofit organization dedicated to the development of high-quality housing communities in the Research Triangle region of North Carolina. Executives from First Tennessee Bank’s Raleigh office made the check presentation on Sept. 23 at DHIC’s Homeownership Center on East Davie Street, Raleigh.
“This is one of the largest single donations that we’ve received in support of our homebuyer education and counseling services and we look forward to continuing our work to support local residents seeking to secure the dream of homeownership,” said DHIC President Gregg Warren.
Since 1974, DHIC has built or renovated more than 2,200 affordable rental apartment homes and more than 400 homes for sale. Over the past three years alone, the DHIC Homeownership Center has graduated more than 1,180 families from Bringing Home the Dream monthly workshops and helped more than 315 workshop graduates purchase a home for the first time.
“Arming individuals with the tools, resources, and information needed to secure stable housing through homeownership is core to our mission and essential to building neighborhoods,” said Warren.
“First Tennessee Bank is committed to supporting affordable housing initiatives,” said Jim Beck, president, Triangle market, First Tennessee Bank. “We recognize the good work that DHIC has done, and applaud their efforts and successes.”
Established in 1974 and based in downtown Raleigh, DHIC has built or rehabilitated nearly 2,200 affordable rental apartments and 400 homes for sale in the greater Research Triangle area. In addition, DHIC’s Homeownership Center provides homebuyer education and advisory services to close to 400+ first-time homebuyers annually. DHIC is rate an exemplary member of the national NeighborWorks network of high-performing community developers, and is also a member of the Housing Partnership Network. For more information, visit dhic.org.
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. The FTB Advisors wealth management group has 313 financial advisors and $27 billion in assets under administration. 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, FTN Financial and FTB Advisors 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 Working Mother and American Banker magazines. More information is available at www.FirstTennessee.com.
The 4,300 employees of First Horizon National Corp. (NYSE:FHN) provide financial services through more than 160 bank locations across Tennessee and the southern U.S. and 29 FTN Financial offices across the U.S. The company was founded during the Civil War in 1864 and has the 14th oldest national bank charter in the country. First Tennessee has the largest deposit market share in Tennessee 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 customers in the U.S. and abroad. First Horizon has been recognized as one of the nation’s best employers by Working Mother and American Banker.