by David Chapman and
Staff Writers
The Jacksonville Jaguars and EverBank are expected to announce a deal this afternoon for EverBank to buy naming rights for Jacksonville Municipal Stadium.
Jaguars spokesman Dan Edwards said this morning that a news conference is scheduled for 3 p.m. at the stadium. He would not confirm who would attend other than Jaguars representatives. The Daily Record confirmed that EverBank is the company in negotiations.
The stadium was Alltel Stadium until Alltel’s naming rights ended after the 2006 season and the signs came down. It has been known as Jacksonville Municipal Stadium since.
The EverBank deal is expected to be a five-year agreement, according to sources.
In May, Jacksonville-based EverBank reported assets of $9.6 billion and deposits of $7.4 billion, representing year over year growth of 26 percent and 31 percent respectively.
Robert Clements, EverBank chairman and CEO, said the organization’s growth strategy was “performing extremely well as consumers continue to gravitate toward banks that offer strong value and a proven track record of safety and stability.”
He said that “our capital levels are the strongest they’ve been in the history of the company.”
According to the Jaguars, the team played its first game in the stadium on Aug. 18, 1995. The stadium was built in less than 20 months as the old Gator Bowl was demolished and a new stadium went up.
In 1997, Jacksonville Municipal Stadium was re-named Alltel Stadium after the wireless telecommunications and information services company based in Little Rock, Ark. Revenue from the 10-year grant of naming rights was shared equally between the Jaguars and the city of Jacksonville.
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