The College of Charleston’s basketball and volleyball arena will be renamed TD Arena this fall, under the terms of a new licensing agreement with TD Bank, America’s Most Convenient Bank®.
The naming agreement supersedes and replaces the former agreement with Carolina First Bank, which was acquired by TD Bank last year.
The new agreement provides for a one-time payment of $600,000 to the College from TD Bank, which will secure naming rights through June 30, 2018. Under the former agreement, the College already had received payments totaling $412,500 from Carolina First Bank for the naming rights.
Under the terms of a separate gift agreement, the College of Charleston Foundation received a $1 million pledge from the foundation for Carolina First Bank. The gift agreement is not affected or changed by the new licensing agreement.
“The College of Charleston is pleased to partner with TD Bank on this important new chapter in the history of our arena,” says College of Charleston President P. George Benson. “TD Bank is a highly respected and successful financial institution, and we are proud to have the TD Bank name on our arena.”
The TD Arena name will appear on the exterior of the arena, on the court surface, and in other locations throughout the venue.
“TD Bank is excited about our continued partnership with the College of Charleston,” says TD Bank Market President Dixon Woodward. “While this is an excellent opportunity for people to experience our brand, it also serves as a shining example of our continued commitment to Charleston and the region.”
About College of Charleston
The College of Charleston is a public liberal arts and sciences university located in the heart of historic Charleston, South Carolina. Founded in 1770, the College is among the nation’s top universities for quality education, student life and affordability. With more than 11,000 students, the College of Charleston offers the distinctive combination of a beautiful and historic campus, modern facilities and cutting-edge programs.
About TD Bank, America’s Most Convenient Bank®
TD Bank, America’s Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 7.4 million customers with a full range of retail, small business and commercial banking products and services at more than 1,250 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized wealth management services through TD Wealth, and insurance products and services through TD Insurance, Inc. TD Bank is headquartered in Cherry Hill, N.J., and Portland, Maine. To learn more, follow TD Bank on Twitter at http://www.twitter.com/TDBank_US or visit http://www.tdbank.com.
TD Bank is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America and one of the few banks in the world rated Aaa by Moody’s. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol “TD.” To learn more, visit http://www.td.com.