Michigan State University and Huntington Bank Announce Multi-Sport Sponsorship to Support $10 Million Stadium Project
Sponsorship part of Huntington’s ongoing investment in state of Michigan
EAST LANSING, Mich.--(BUSINESS WIRE)-- Michigan State University’s Department of Intercollegiate Athletics and Huntington Bank have entered into a 10-year athletic sponsorship agreement, school and bank officials announced today. Huntington’s investment will provide significant support for the current $10 million Spartan Stadium improvement projects, featuring a new state-of-the art video scoreboard system.
Under the terms of the agreement, Huntington Bank will receive sponsorship recognition on the scoreboards and video displays in football, basketball and hockey venues, including the new video scoreboard system that will be installed in Spartan Stadium for the 2012 season.
Huntington Bank will also be featured in game programs, television and radio broadcasts as well as the official website of Spartan Athletics, msuspartans.com. Additionally, the bank will receive title sponsorship of the Huntington Club located on the 4th floor of the Spartan Stadium tower and the Huntington Club Suites located on the 7th level in the Spartan Stadium tower. The club and suite levels in Munn Ice Arena will be branded in a similar manner.
Athletic Director Mark Hollis is pleased to welcome Huntington into the Spartan family. “Given the magnitude and the duration of the Huntington sponsorship agreement, it will have a significant positive impact on our entire athletic program,” said Hollis. “Not only will it benefit our student-athletes, coaches and staff, it will also help to enhance the experience of loyal Spartan fans who continue to support MSU with unmatched enthusiasm and loyalty.”
“Huntington is deeply committed to investing in education, jobs and housing in Michigan,” said Huntington Board Lead Director Dave Porteous, who is a former chairman of the MSU Board of Trustees and current member of the Board of Trustees of the Michigan State College of Law. “MSU continues to play a critical role in educating our youth and giving them opportunities to remain in Michigan to help the state grow and prosper.”
“Michigan State University plays a key role driving the state’s economic progress for not only mid-Michigan but also the entire state,” added Huntington’s Michigan President Jim Dunlap. “We are delighted to be partnering with this growing institution and look forward to lighting up the scoreboard at the first home game of the Spartans.”
The Michigan State Spartans, under the direction of sixth-year head coach, Mark Dantonio, open the 2012 season on Friday, August 31st at 7:00 p.m. vs. Boise State.
Prior to the season opener, new high-definition Panasonic video screens and scoreboards as well as a new sound system will be fully operational in Spartan Stadium. The new scoreboard/video screen in the south end zone is 5,300-square feet, compared to its predecessor, installed in 1998, that measured just 567-square feet. The top of the new south end zone structure reaches 130 feet. In addition, two new video boards as well as an LED ribbon board have been added to the north end zone. The LED ribbon board covers 4,500 square feet (450-feet long and 10-feet high). Combined the south and north video screens/scoreboards will total 13,300-square feet. The $10 million project replaces a 14-year-old scoreboard, message board and audio system.
Earlier this year, Huntington announced a partnership with Meijer that will increase the number of Huntington branches in the state to over 200—a 65 percent increase. It will also mean the opening of the first Huntington branches in Lansing. The agreement is expected to add up to 500 jobs.
Huntington has originated more than $1.5 billion in loans to businesses around Michigan in the first year of a four-year, $2 billion program, the bank’s Michigan leaders announced today. The loans have aided more than 2,500 Michigan businesses.
It has also rolled out a $100 million affordable housing program aimed at helping Michigan residents. And last year, it opened a new branch in downtown Grand Rapids, two branches in downtown Detroit and one in Pontiac.
About Michigan State University
Michigan State University has been working to advance the common good in uncommon ways for more than 150 years. One of the top research universities in the world, MSU focuses its vast resources on creating solutions to some of the world’s most pressing challenges, while providing life-changing opportunities to a diverse and inclusive academic community through more than 200 programs of study in 17 degree-granting colleges.
Huntington Bancshares Incorporated is a $57 billion regional bank holding company headquartered in Columbus, Ohio. The Huntington National Bank, founded in 1866, provides full-service commercial, small business, and consumer banking services; mortgage banking services; treasury management and foreign exchange services; equipment leasing; wealth and investment management services; trust services; brokerage services; customized insurance brokerage and service programs; and other financial products and services. The principal markets for these services are Huntington’s six-state banking franchise: Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. The primary distribution channels include a banking network of more than 680 traditional branches and convenience branches located in grocery stores and retirement centers, and through an array of alternative distribution channels including internet and mobile banking, telephone banking, and more than 1,350 ATMs. Through automotive dealership relationships within its six-state banking franchise area and selected other Midwest and New England states, Huntington also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.
The Huntington National Bank, Member FDIC. The logo mark and Huntington® are federally registered service marks of Huntington Bancshares Incorporated.
Source: Huntington Bancshares Incorporated
Released July 24, 2012