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M&T Bank (MTB) of Buffalo, N.Y., has committed $60 million to keep its name atop the Baltimore Ravens' football stadium for at least another 13 years.
May 21 -
Ocean Bank in Miami has signed a three-year agreement to put its name at the top of Florida International University's football stadium.
August 7 -
Arvest Bank of Fayetteville, Ark., has bought the naming rights to a historic theater in downtown Kansas City four years after entering the market.
September 6
SunTrust Banks in Atlanta
The financial terms of the deal were not disclosed. The agreement will put the SunTrust logo at the top of the Braves' new home in the northwest suburbs, as well as on an adjoining commercial development that will include restaurants and offices. The stadium, which will be called SunTrust Park, is scheduled to open in 2017.
"Atlanta is our headquarters and our hometown, and we've had a great partnership with the Braves for a number of years," Brad Dinsmore, an executive vice president at the $178 billion-asset bank, said in a phone interview Tuesday. "This is going to be an important part of the greater Atlanta community."
The announcement, which was made at a
"Look, the Braves have been one of the great franchises for a long time, and the season is not over yet," Dinsmore said. "I personally hope that this announcement will give them a shot in the arm."
As part of the agreement, the SunTrust Foundation will also contribute $100,000 to the Hank Aaron Chasing the Dream Foundation, a nonprofit in Atlanta that provides financial assistance to young people.
