Baltimore Ravens and M&T Bank Up Partnership Deal

The Ravens and M&T Bank announced on their website that they have reached a 10-year, $60-million extension on the naming rights of Baltimore’s football stadium. The original deal began in 2003 and was set to expire in 2017. The  rights are through the final year of the Ravens’ stadium lease.

"“Our partnership with M&T is based on shared values and has produced impact on both companies and this community,” Ravens owner Mar 24, 2014; Orlando, FL, USA: Baltimore Ravens owner Steve Bisciotti answers questions during an interview at the NFL Annual Meetings. Mandatory Credit: Rob Foldy-USA TODAY Sportssaid. “This new agreement is a natural extension of our strong relationship and mutual commitment to pursuing excellence and strengthening this region. We look forward to continuing to work with M&T and helping those in need.”"

Also, according to the Ravens, part of the extended partnership is an initiative to establish an early child care and education center. This will provide services for at-risk children. The Ravens and M&T will provide a total of $600,000 in funding for the project.

The Ravens have been in the stadium since 1998. It was called Ravens Stadium for the first season, renamed PSINet Stadium in 1999, and changed to M&T Bank Stadium in 2003 after a year being known as Raven Stadium because of  the demise of PSINet.