The stadium where the York Revolution play baseball is getting a new name.
PeoplesBank Park will be the name of the 5,200-seat downtown York stadium for the next seven seasons, the team announced during its annual Hot Stove luncheon Thursday, at the Yorktowne Hotel.
“I couldn’t be more excited,” Revolution team President Eric Menzer said.
“They’re a company that has been in York County for over 150 years, and we’re one of the younger companies in the community, but I’d say it’s a match made in heaven, in terms of the kind of company they are and the kind of company we aspire to be,” Menzer said.
Under the new agreement, the stadium will sport the PeoplesBank Park name for at least seven baseball seasons, from 2016 through September 2022. Menzer did not disclose the value of the naming-rights agreement.
Options in the agreement give PeoplesBank control of the naming rights until 2035, Menzer added.
The Revolution began play in the stadium in 2007; 2016 will be the team’s 10th season.
The stadium’s initial naming rights were purchased by Reading-based Sovereign Bank for a reported $2.7 million over 10 years, but the name was changed to Santander Stadium in 2013 after Sovereign’s takeover by Santander.
Menzer added that “from a business perspective, (the stadium name) is our largest relationship. It’s obviously the most important foundational relationship, and it’s obviously a pretty bold statement by Peoples of their commitment to the market.”
PeoplesBank is the largest financial institution based in York County, the team said.
Thursday’s naming-rights announcement was the second in less than a week from the Revolution.
Last week, the team said PNC Bank will sponsor this coming season’s “War of the Roses” series between the Revolution and the Lancaster Barnstormers, the team’s neighbors and Atlantic League rivals.
Thursday’s luncheon drew some 300 York-area business and community leaders, plus host families who have housed Revolution players during the summer season.
It featured guest speaker Jim Palmer, the former Oriole pitching great and a member of baseball’s Hall of Fame.