Business

Bank buyout brings new name to Raleigh arena

Posted December 15, 2011

— The Carolina Hurricanes aren't leaving their home in Raleigh, but they will be playing at a different arena before the season ends.

The purchase of Raleigh-based RBC Bank by Pittsburgh's PNC Financial Services Group means that the RBC Center, home of the Canes, North Carolina State University men's basketball,  concerts and circuses, will get a new name.

As soon as March 2012, those events will call the local sports and entertainment venue "PNC Arena." 

The naming rights agreement got preliminary approval by the Centennial Authority Thursday. It is subject to regulatory approval of PNC's planned $3.45 billion acquisition of RBC Bank, USA from its parent firm, the Royal Bank of Canada.

Peter Karmanos, majority owner of the Hurricanes, issued a statement saying, "We are happy to be associated with this well-regarded national franchise and look forward to working with PNC in the North Carolina community."

Jim Rutherford, president and general manager of the Hurricanes, said, "PNC has sponsorships of several other nationally respected venues and is a strong addition as a major partner and official bank of the Hurricanes." 

72 Comments

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  • Big Mike Dec 20, 7:00 p.m.

    PNC Arena..??..sounds like a animal shelter for wolves!

  • jsurles726 Dec 16, 3:02 p.m.

    I remember a time when buildings were named after people that we wanted to honor (like William... View More

    — Posted by TruthBKnown Banned Again02

    I would go further back to the PNC-Everett Case Arena.

  • DontLikeTheSocialistObama Dec 16, 10:22 a.m.

    Were going to have the PUNC Arena.

    Let's go back to the ESA instead.

  • LARK13 Dec 15, 6:29 p.m.

    @ TruthBKnown Returns:I remember a time when buildings were named after people that we wanted to honor (like William Neal Reynolds Coliseum). Not whoever is the highest bidder.

    I agree but you do realized EVERYTHING is for sale now and EVERYONE is all about a dollar!

  • Red Dec 15, 5:56 p.m.

    You mean the ESA?

  • traipsingthru Dec 15, 5:47 p.m.

    moving to a credit union. I cannot remember how long I have carried RBC checks and accounts. a very long time. Now I have to get ready to change checks, accounts, etc. I will not carry any accounts or checks, labeled as PNC Bank.
    what happens to the name on the building in downtown raleigh?

  • Bartmeister Dec 15, 5:45 p.m.

    Sign of the times.

  • fillandsandy Dec 15, 5:03 p.m.

    Who pays for the cost associated with changing all the signage and print material?

  • TruthBKnown Banned Again02 Dec 15, 5:03 p.m.

    I remember a time when buildings were named after people that we wanted to honor (like William Neal Reynolds Coliseum). Not whoever is the highest bidder.

  • RWDJ Dec 15, 5:02 p.m.

    That is too funny. Cant wait till the Pittsburgh Penguins come to play the Carolina Hurricanes in the Pittsburgh National Corporation Arena... that won't sound odd at all lol

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