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November 06, 2014

Wells Fargo signs on as official sponsor for Charlotte Hornets

Participating in this sponsorship deal:

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About Sponsor:

Wells Fargo & Company is an American multinational diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the US by assets and the largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home mortgage servicing, and debit card. In 2011, Wells Fargo was the 23rd largest company.

About Property:

The Charlotte Hornets are a professional American basketball team based in Charlotte, North Carolina, that competes in the National Basketball Association . They are part of the Southeast Division in the league's Eastern Conference. The team is largely owned by former NBA player Michael Jordan, who acquired controlling interest in the team in 2010. The Hornets play their home games at Time Warner Cable Arena in center-city Charlotte.

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Word of a renewal trickled out just before the season, but neither the team nor the bank confirmed a new contract was in place. Now both sides say it’s a done deal, giving the Bobcats their first renewal among the NBA franchise’s core corporate backers. Designated as founding-level sponsors, Wells Fargo inherited the relationship after buying Charlotte-based Wachovia Corp. at the end of 2008. The original sponsorship expired before the current season.
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