Fifth Third Bank Signs Naming Rights Deal for Future Home of Spartanburg’s Professional Baseball Club
November 01 2023 - 3:00PM
Business Wire
Diamond Baseball Holdings Breaks Ground at
Fifth Third Park, Targeting First Pitch in 2025
Fifth Third Bank has agreed to a multi-year agreement with
Diamond Baseball Holdings, an organization that owns and operates
select Minor League clubs affiliated with Major League Baseball, to
become the official bank and naming rights sponsor for
Spartanburg’s new state-of-the-art ballpark, the future home of the
city’s professional baseball team.
Unveiled at a groundbreaking ceremony today at what will be the
site of the highly anticipated stadium, the relationship marks the
beginning of a new era in Spartanburg's professional baseball
history. Spartanburg Mayor Jerome Rice, South Carolina Speaker of
the House Representative Murrell Smith, Chair of the House Ways and
Means Committee, Bruce Bannister, and Peter Woodfork, senior vice
president of baseball operations at MLB attended the event and
underscored the shared commitment of Fifth Third Bank and Diamond
Baseball Holdings to foster deep connections within the Spartanburg
community and create exciting fan experiences and family memories
at the ballpark for generations to come.
“Serving our communities is the focus of our business and we are
confident this ballpark will enhance the lives of the Spartanburg
community,” said Charlie Arndt, South Carolina market president for
Fifth Third Bank. “Fifth Third Bank is proud to extend our
long-term commitment to Spartanburg and the Upstate through this
partnership and our continued retail expansion.”
Fifth Third Park will be part of a multi-use project led by
local development company, The Johnson Group, and is set to be
completed before the 2025 season. The ballpark will feature modern
amenities, cutting-edge technology and a seating capacity that
ensures an intimate and electrifying atmosphere for fans. In
addition to serving as the home turf for the club, the stadium will
host a variety of marquis events, making it a hub of activity and
excitement for residents of Spartanburg and beyond.
"We are incredibly proud to partner with Fifth Third Bank to
bring this remarkable ballpark to life," said Andrew Judelson,
chief commercial officer of Diamond Baseball Holdings. "Their
dedication to the community and shared vision for a vibrant
Spartanburg align perfectly with our goals at Diamond Baseball
Holdings. We are confident this venue will not only be a premier
destination but also a source of pride for everyone in
Spartanburg.”
“Breaking ground on Fifth Third Park marks a significant
milestone in Spartanburg’s economic future, bringing new
opportunities that will have a tremendous positive impact on the
community,” said Mayor Jerome Rice.
“In partnership with Fifth Third Bank and the Johnson Group, we
are going to build one of the most beautiful facilities in minor
league baseball,” said Tyson Jeffers, general manager for the
Spartanburg Professional Baseball Club. “Our goal is to establish a
community-first culture here that harnesses the unique personality
of the Upstate and creates nationwide attention for Spartanburg.
But most importantly, Fifth Third Park will be a community
destination for fun any night of the week.”
The Spartanburg Professional Baseball Club will be a minor
league affiliate of the Texas Rangers. The SPBC name is currently a
placeholder until a new Club name, logo and mascot are unveiled to
the public at a later date.
About Fifth Third Bank
Fifth Third is a bank that’s as long on innovation as it is on
history. Since 1858, we’ve been helping individuals, families,
businesses and communities grow through smart financial services
that improve lives. Our list of firsts is extensive, and it’s one
that continues to expand as we explore the intersection of
tech-driven innovation, dedicated people and focused community
impact. Fifth Third is one of the few U.S.-based banks to have been
named among Ethisphere’s World’s Most Ethical Companies® for
several years. With a commitment to taking care of our customers,
employees, communities and shareholders, our goal is not only to be
the nation’s highest performing regional bank, but to be the bank
people most value and trust.
Fifth Third Bank, National Association is a federally chartered
institution. Fifth Third Bancorp is the indirect parent company of
Fifth Third Bank, and its common stock is traded on the NASDAQ®
Global Select Market under the symbol "FITB." Investor information
and press releases can be viewed at www.53.com.
About Diamond Baseball Holdings
Diamond Baseball Holdings was formed in 2021 to support, promote
and enhance Minor League Baseball Clubs affiliated with Major
League Baseball through professional management, best practices,
innovation and investment.
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version on businesswire.com: https://www.businesswire.com/news/home/20231101719190/en/
For media inquiries, please contact:
Fifth Third Bank Amber Darnell Amber.Darnell@53.com
Diamond Baseball Holdings/Spartanburg Professional Baseball
Club Lauren Flemming lflemming@diamondbaseballholdings.com
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