Bank of America Stadium’s name will remain

What’s happening: Charlotte-based Bank of America has extended its naming rights for the Uptown stadium.

Why it matters: Bank of America isn’t just a bank. It’s a brand. It helped turn Charlotte into the banking city it is today.

Details: The existing deal for the home of the Carolina Panthers and Charlotte FC was set to expire at the end of 2024. Terms of the new deal were not disclosed.

Flashback: The initial deal with Bank of America was $140 million for 20 years, as CBJ reported.

• The Panthers’ home first opened in 1996 as Ericsson Stadium. Bank of America assumed naming rights for the venue in 2004.

By the numbers: The stadium has evolved from a home for primarily football to a destination for soccer and concerts. More than 1.85 million tickets were distributed for Bank of America Stadium events there in 2022, per Tepper Sports & Entertainment.

• This year, the stadium has hosted NFL and MLS games and several concerts, including a stop on Beyoncé’s tour.
• Two Copa America matches will be played at the stadium in summer 2024. Kenny Chesney, Morgan Wallen and George Strait all have concerts scheduled at the stadium, too.

What’s next: TSE owner David Tepper is expected to ask for a public investment in Bank of America Stadium next year, as Axios’ Alexandria Sands reported. Charlotte city council discussed a $1.2 billion renovation plan during a closed-door session. Half of that could be taxpayer-funded.

Zoom out: It’s been a busy month for naming rights news among banks with a major Charlotte presence.

• Wells Fargo is ending its sponsorship of the Wells Fargo Championship, Charlotte’s annual PGA Tour event, after the upcoming tournament in May.