Indiana Athletics and Merchants Bank have agreed to a deal that features a naming sponsorship for the playing field at Memorial Stadium.
The Indiana Hoosiers athletic program has announced a groundbreaking partnership with Merchants Bank. As part of the deal, Merchants Bank has pledged $50 million over the next 20 years, and in return, the playing surface at Memorial Stadium will now officially be known as Merchants Bank Field at Memorial Stadium.
“We put a tremendous value on who we partner with as an athletic department, and that is particularly true when it comes to a facility as iconic as Memorial Stadium,” Indiana athletic director Scott Dolson said in a press release.