EagleBank buys Patriot Center naming rights for $6.6M over 10 years

Posted In News - By Alan Kelly On Thursday, May 7th, 2015 With 0 Comments

The Patriot Center will be renamed EagleBank Arena from July 1, as initially reported by the Washington Post, with an official announcement at 10 am this morning. The Bethesda, Maryland-based EagleBank has been expanding its business to Northern Virginia over the last six years, and partnering with George Mason is a logical step to gain name recognition. EagleBank will pay George Mason $6.6 million over the next decade in the deal, with the option to extend the deal for an additional 10 years.

As part of the agreement, EagleBank will also contribute academically, with a lecture series, internship program, and scholarships. Per the Washington Business Journal, EagleBank initially approached George Mason, which had been seeking a naming rights sponsor since at least last fall.

About - Alan Kelly is a 2010 and 2013 graduate of George Mason University and a former member of the Patriot Platoon. He had the memorable experience of being in the middle of the college decision process as George Mason's Final Four run unfolded. He currently resides in Northern Virginia.

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