Truist signs on as naming rights partner for Wake Forest Demon Deacons
Participating in this sponsorship deal:
About Sponsor:
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T (Branch Banking and Trust Company) and SunTrust Banks. Its bank operates 2,781 branches in 15 states and Washington, D.C., and offers consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services. It is on the list of largest banks in the United States by assets; as of June 2021, it is the 10th largest bank with $509 billion in assets. As of January 2021, Truist Insurance Holdings is the seventh largest insurance broker in the world with $2.27 billion in annual revenue.
About Property:
Originally, Wake Forest's athletic teams were known as the Fighting Baptists, due to its association with the Baptist Convention . However, in 1923, after a particularly impressive win against the Duke Blue Devils, a newspaper reporter wrote that the Deacons "fought like Demons", giving rise to the current team name, the "Demon Deacons".