M&T Bank to sponsor field at newly opened DE Turf Sports Complex

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M&T Bank announced  a sponsorship with DE Turf Sports Complex, a 12-field multipurpose facility between Dover and Milford. 

M&T has signed on for a three-year sponsorship to name Field 2 as M&T Bank Field, the northwestern most field facing Route 1.

M&T held a ceremony  to commemorate  the  venture with DE Turf this week. The event featured a group of student-athletes from Delaware State University’s women’s soccer and lacrosse teams and marching band

 The field  will host its first tournament the weekend of April 15.

“M&T Bank has been instrumental in the development of DE Turf and they have been a true partner in every sense of the word,” said the complex’s  Executive Director Chris Giacomucci. “We’re excited to grow our relationship with M&T and establish DE Turf as a premier multi-purpose sports venue.”

In June of last year,  M&T was the underwriter for a $20.7 million tax-free bond issue for the construction and development of the complex. The bond issue allowed DE Turf to take advantage of historically low interest rates by locking in long-term fixed rate financing over a 30-year term. 

From left: Chris Giacomucci, executive director of the DE Turf Sports Complex; Nick Lambrow, Delaware regional president for M&T Bank; and  Bill Strickland, president of the Board of Directors for DE Turf Sports Complex

“DE Turf will provide recreational opportunities that enhance the quality of life and bring an estimated $18 million in economic activity as well as jobs to the region,” said M&T Bank Delaware Regional President Nick Lambrow. “As a community-focused bank, M&T seeks opportunities to strengthen communities, and we believe DE Turf will do just that.”

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