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Ravens and M&T Bank Announce $60M Contract Extension

Updated: Wednesday, May 21 2014, 11:28 AM EDT

The Baltimore Ravens and M&T Bank announced a 10-year, $60 million extension of their partnership. The extension includes naming rights and community programs.

"Our partnership with M&T is based on shared values and produced impact on both companies and this community,” Ravens Owner Steve Bisciotti said. "This new agreement is a natural extension of our strong relationship and mutual commitment to pursing excellence and strengthening this region. We look forward to continuing to work with M&T and helping those in need.”

The initial partnership was a 15-year deal signed in 2003. With the extension the agreement will last until 2027.

The partnership will include an initiative to establish a Judith P. Hoyer Early Child Care and Family Education Center (Judy Center), which provides comprehensive services to increase school readiness for at-risk children under age five and their families. The Ravens and M&T will provide a total of $600,000 in funding.

Ravens and M&T Bank Announce $60M Contract Extension


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