bluehaze
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Post by bluehaze on Feb 7, 2019 8:20:38 GMT -5
BREAKING: Atlanta’s SunTrust to merge with BB&T, shift HQ to CharlotteBy Scott Trubey, The Atlanta Journal-Constitution Atlanta-based SunTrust Banks and southeastern rival Winston-Salem, N.C.-based BB&T said Thursday they will merge in a $66 billion all-stock combination to create the sixth-largest bank in the U.S., a marriage that will cost Atlanta a Fortune 500 headquarters. The combined company, which will merge under a new name, will be based in Charlotte, while Atlanta will be home of the new company’s wholesale banking operations. link
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Post by aggierattler on Feb 7, 2019 8:27:11 GMT -5
I would think that the name will change and the agreement will be carried out.
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Post by Bornthrilla on Feb 7, 2019 10:12:33 GMT -5
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bluehaze
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Post by bluehaze on Feb 8, 2019 10:48:45 GMT -5
SunTrust made a splash a few years ago putting its name on the new Braves stadium in Cobb County. A Braves spokeswoman declined comment, but the ballpark will likely see its name changed to the new company’s moniker. The Atlanta Braves SunTrust Park may be changing names soon. SunTrust is being qcquired by BB&T and the merged company will have a new name.(The Atlanta Journal-Constitution) Rogers, the SunTrust CEO, said Thursday he expected the bank’s partnership with the Braves to continue. He also said Atlanta will be a beneficiary of the BB&T merger.
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Post by marchingband1969 on Feb 8, 2019 12:35:02 GMT -5
The good news from this merger is the corporate headquarters is moving to Charlotte. Thats should give the new combined bank an incentive to continue to support local colleges. What signage goes up on the outside doesn't matter as long as their checks keep coming and their support doesn't decline. Hey, us oldheads Aggies will continue calling it Aggie Stadium no matter what signage they slap on it!
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Post by marchingband1969 on Feb 8, 2019 12:42:41 GMT -5
SunTrust made a splash a few years ago putting its name on the new Braves stadium in Cobb County. A Braves spokeswoman declined comment, but the ballpark will likely see its name changed to the new company’s moniker. The Atlanta Braves SunTrust Park may be changing names soon. SunTrust is being qcquired by BB&T and the merged company will have a new name.(The Atlanta Journal-Constitution) Rogers, the SunTrust CEO, said Thursday he expected the bank’s partnership with the Braves to continue. He also said Atlanta will be a beneficiary of the BB&T merger. Hey I went through over 100 bank mergers before I retired from banking and I learned one lesson... pay no attention to what "they say" after the merger. It's all PR bullsiht! Once the press dies down and the ink on the agreement dries, a lot will change. If you don't believe me, ask any former employee of Wachovia that went through the Wells Fargo merger! As I said earlier, the good news to us is the headquarters will move to Charlotte so I expect their (small) financial commitment to us will not change. Who knows... the executives that were based in Atlanta with SunTrust may think that having a presence on the nation's largest HBCU is a much bigger deal than BB&T thought. Only time will tell.
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bluehaze
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Post by bluehaze on Feb 8, 2019 15:41:47 GMT -5
BB&T bullish 'on where we are,' Wyndham officials say By Conor O'Neill Winston-Salem Journal
A contract extension announced in 2015 gives Greensboro's PGA Tour event sponsorship from Wyndham Worldwide and BB&T through 2026. From left, Bobby Long, chairman of the Piedmont Triad Charitable Foundation; Stephen Holmes, chairman of Wyndham Worldwide; Tim Finchem, PGA Tour commissioner; Steven B. Wiggs, senior executive vice president and chief marketing officer, BB&T Corp.; and Mark Brazil, Wyndham Championship tournament director.
The announcement that BB&T and SunTrust banks will merge sent shockwaves through the banking industry and the Southeast, and it stretched to include the world of sports.
The bank, which came to Greensboro in 1983 and Winston-Salem in 1984, is the second-biggest sponsor of the PGA Tour’s Greensboro event, the Wyndham Championship. BB&T and the tournament are entering the third year of a 10-year contract that expires after the 2026 tournament and runs concurrently with Wyndham’s sponsorship.
The agreement has been part of a regional vision and growth strategy championed by the Piedmont Triad Charitable Foundation, which manages the event.
Mark Brazil, tournament director of the Wyndham Championship, said the event’s relationship with BB&T has been “awesome … and that will continue.”
“BB&T is a major player (in this region) and I feel like they’ll continue to be one,” Brazil said Thursday.
Brazil said discussions about contract renewal will begin roughly three years before the current contracts expire. While those are still several years away, Brazil said, he feels “really comfortable with where they are” and that Wyndham and BB&T are “bullish on where we are.”
Most recently, BB&T acquired the naming rights to A&T’s football stadium. The stadium is named BB&T Stadium, and it was a move in 2018 that broadened the variety beyond A&T’s flagship football program that has won consecutive HBCU national championships.
In BB&T’s contract with N.C. A&T, worth 1.5 million over 15 years, the language states: “In the event of a corporate name change, change to Licensed Marks, or other event that would require new signage, BB&T or BB&T, or its successor organization, shall be responsible for the cost of producing and installing new signage.”
It continues to say that BB&T holds the right to remove or change the name, subject to approval by the university and BB&T, and that any “reasonable and customary costs associated with changing the Stadium Name shall be the responsibility of BB&T.”
BB&T's name is attached to several stadiums and venues, the majority of which are in North Carolina. The company will merge with SunTrust, which holds the naming rights to the Atlanta Braves’ stadium that opened two years ago.
David White, a BB&T spokesman, said that, because the deal was just announced, “there are many, many details to be worked out” and that the bank wouldn’t have further detail to share before the end of the day.
BB&T also holds the naming rights to Wake Forest University’s football stadium (BB&T Field) and the minor-league baseball stadium (BB&T Ballpark), home of the Winston-Salem Dash.
As far as the name of Wake Forest’s football stadium, school spokesman Steve Shutt said: “It’s really too soon to tell what the impact of the merger will have on our football stadium.”
BB&T owns naming rights to two other baseball stadiums in the state — Charlotte’s BB&T Ballpark, which is the home of the Knights, the White Sox Class AAA affiliate, and High Point’s BB&T Point, on which construction is nearing completion. The High Point stadium will be the home of the Rockers, an independent-league team. Two recreational soccer facilities, BB&T Sports Park in Bermuda Run and BB&T Soccer Complex in Browns Summit, provide additional variety for the bank.
Along with numerous stadium sponsorships across the state, the bank is also one of four title sponsors for the Winston-Salem Open tennis tournament held each August at the Wake Forest Tennis Complex.
Outside of North Carolina, BB&T’s name is attached to: Northern Kentucky’s basketball venue (BB&T Arena), the second-oldest minor-league baseball stadium in the country in Williamsport, Pa. (BB&T Ballpark at Historic Bowman Field), and the home of the NHL’s Florida Panthers in Sunrise, Fla. (BB&T Center).
SunTrust doesn’t have its name on nearly as many stadiums, but the one it does is a massive one: the Atlanta Braves and the bank reached a deal in 2015 for the team’s new stadium to be SunTrust Park, which opened in 2017. According to the Atlanta Journal-Constitution, the 25-year deal is worth more than $10 million per year and includes the bank holding an exclusive presence throughout the surrounding area of the stadium.
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Post by Striktly on Jun 13, 2020 10:53:34 GMT -5
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Post by neighborhoodsuperstar on Jun 13, 2020 12:55:33 GMT -5
Tell Mechanics and Farmers bank to give us $50K a year and a couple of ham sammiches before each game and they can have our naming rights. They've had the same name for 100+ years. The way banks are going nowadays, the name of the stadium has the potential to change during the middle of a game. 1st quarter - BB&T 2nd quarter - Suntrust Halftime - BGMM gives an exhilerating performance 2nd half - Truist Bank Where's ole M & F Bank when we need em
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aggieclt
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Post by aggieclt on Jun 13, 2020 16:42:37 GMT -5
Yep. Once Truist changes the name at Wake Forest's BB&T Field and at the Winston-Salem Dash's baseball stadium (also BB&T Ballpark), we should be next.
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Post by aggieswag on Jun 18, 2020 17:56:10 GMT -5
All of this for a mere 100k a year. The band could have sold more donuts than that and we could have called it BGMM Stadium. I hope they pull out so we can get a real deal.
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oleschoolaggie
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Post by oleschoolaggie on Jun 18, 2020 19:00:19 GMT -5
thing is, something is better than "nothing". what other hbcu has "naming rights" to their football stadium? and what da hail do we have to lose? all we're giving up is a doggone "name"! yet personally, i still call it "aggie stadium".
hail, we've been playing in aggie stadium for what, 'bout 40 years? well, how much money did we make in almost 40 years by keeping our stadium named "aggie stadium"? yet, we "complain" because somebody is paying us for a "name" that our previous name didn't produce not one red dime for a&t?
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Post by aggierattler on Jun 18, 2020 19:20:43 GMT -5
Tell Mechanics and Farmers bank to give us $50K a year and a couple of ham sammiches before each game and they can have our naming rights. They've had the same name for 100+ years. The way banks are going nowadays, the name of the stadium has the potential to change during the middle of a game. 1st quarter - BB&T 2nd quarter - Suntrust Halftime - BGMM gives an exhilerating performance 2nd half - Truist Bank Where's ole M & F Bank when we need em Aren't we making more money annually from the naming rights on the Press Box than we are making from BB&T/Truist Bank on the stadium name??
Does anyone think that we can get The Scotts Company or TruGreen or Pennington Seed or Miracle Grow to sponsor the field??
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Post by aggieswag on Jun 18, 2020 19:52:33 GMT -5
thing is, something is better than "nothing". what other hbcu has "naming rights" to their football stadium? and what da hail do we have to lose? all we're giving up is a doggone "name"! yet personally, i still call it "aggie stadium". hail, we've been playing in aggie stadium for what, 'bout 40 years? well, how much money did we make in almost 40 years by keeping our stadium named "aggie stadium"? yet, we "complain" because somebody is paying us for a "name" that our previous name didn't produce not one red dime for a&t? I’m sorry sir but anything is not better than nothing. Especially when you’re the first. If it were me I would have taking that offer and took it to any business in the triad to see if they would beat it. And that would not have been hard. If we were doing it just to be the first might as well let M&F do it. It would have been the first for both of us. Mama always said just because you finish the test first doesn’t mean you get an A.
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Maxell
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Post by Maxell on Jun 18, 2020 19:55:22 GMT -5
Does anyone think that we can get The Scotts Company or TruGreen or Pennington Seed or Miracle Grow to sponsor the field?
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