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“Operation Hope” to Bring Hope of Financial Security

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Posted: Friday, August 10, 2018 12:00 am | Updated: 11:32 am, Tue Aug 14, 2018.

There is a new bank in Homestead instituting an exciting financial literacy program called “Operation Hope.” Capital Bank opened the program on Wednesday, with the support of local community leaders at their official ribbon cutting.

“Operation Hope” works to disrupt poverty for low and moderate-income youth and adults. Their focus is to equip young people and adults with the financial tools and education to secure a better future—coaching them through their personal aspirations and life’s challenges, and facilitating their journey to financial independence.

Capital Bank which serves Florida, North and South Carolina plus Virginia has merged with First Tennessee Bank which was founded in 1864. Together they have become part of First Horizon family companies under the direction of D. Bryan Jordan, Chairman, President & CEO.

Entering the lobby, I was greeted by James Dowd, one of the many Capital Bank employees from various offices in Memphis and Florida in town to support "Operation Hope" in Homestead. Local support was represented by Homestead Mayor Jeff Porter and Commissioner Daniella Levine Cava.

After a half hour social, the program began with Jordan informing us that the company has a goal of 1,000 locations nation wide by 2020. Jordan gave a a brief explanation on the important benefits of “Operation Hope” then turned the microphone over to John Hope Bryant for details. 

It is Bryant who is credited as the father of this idea. “Operation Hope” is designed to help members of a community who on present standings fail to meet minimum qualifications for loans or any other types of financial assistance. Stating, “our business depends entirely on the economic fabric of the community,” John described how "Operating Hope" will assist the less fortunate members of the community through free financial education and training. Bryant explained that “This is not a hand out to lowering qualifications, but a method of building self esteem by teaching people to responsibly build their credit.”

Bryant cited a list of shocking facts: "70% of Americans live paycheck to pay check. 64% of the US does not have $500.00 set aside in case of an emergency. Credit struggle is not limited to race, gender or age. It is important for everyone to understand how to manage their money.”

Now it was time for Mayor Porter to step up with the Capital Bank officials to cut the ribbon, officially opening “Operation Hope” to the community.

You can become part of the first group to Focus on Your Future by reserving your seat for Free Credit & Money Management Workshop. Mark your calendar: Saturday, September 8 from 9:30 AM to 12:30 PM. Simply call Andria Curbelo at 305-224-4975 or e-mail: andria.curbelo@operationhope.com

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