Naming rights for XL Center expire; venue likely to change name in 2025.

[KembaKek]

This goes to show this Arena is pathetic and unattractive to real investors. There are tens of large companies in the greater Hartford area, and for just $2m… the best sponsor we could get was People’s Bank, out of Holyoke.

 

[WrenchFan69]

Aren’t they out of Massachusetts?

Yes but they have locations in CT and are growing in the area, including in Hartford

 

[Ha Who]

PeoplesBank | Personal Banking, Business Banking, Home Loans

PeoplesBank is a local community bank offering a variety of personal and business banking solutions and resources to help you meet your financial needs. Explore our checking, savings and loan options. Conveniently located Banking Centers in Western MA and Northern CT.

www.bankatpeoples.com

 

[3rdbass]

So it's really the M&T Bank Arena.

No that is People's United Bank that was acquired by M&T Bank in 2022. People's Bank is different and based in Holyoke, MA and just starting to go into Central Connecticut.

 

[Chief00]

No that is People's United Bank that was acquired by M&T Bank in 2022. People's Bank is different and based in Holyoke, MA and just starting to go into Central Connecticut.

True, but they already have more branches in CT (5) than MA (4). Give the very small bank from Holyoke credit for swinging for the fences.
It does show what a pathetic entity the CRDA is - no useful connection to any major companies including in the financial sector - their one lifeline is keeping the CT active/retired politicians happy some how and the state’s money flows.

 

[CashewCrew]

That's terrible lol

 

[Chief00]

The Holyoke Financial Banking Center bank owns the rights to the house of basketball champions.

 

[StllH8L8ner]

I have a pretty solid source who's telling me that it's Hartford HealthCare.

I guess we found Zanetto’s Boneyard alias.

 

[jostar1]

Yes but they have locations in CT and are growing in the area, including in Hartford

Who cares.

 

[UCMB88]

No that is People's United Bank that was acquired by M&T Bank in 2022. People's Bank is different and based in Holyoke, MA and just starting to go into Central Connecticut.

Be careful with the correct spelling, there's no apostrophe. Its PeoplesBank.

 

[huskymedic]

It does show what a pathetic entity the CRDA is - no useful connection to any major companies including in the financial sector -

Imagine if they had folks with direct connections to The Hartford, Travelers, InTandem Capital, Catalina RE and Jorgansen Financial RBC on the Board.

 

[auror]

No space in the name is going to annoy the crap out of me.

 

[87Xfer]

No space in the name is going to annoy the crap out of me.

There's no space in the arena, why should there be one in the name?

 

[Chief00]

Imagine if they had folks with direct connections to The Hartford, Travelers, InTandem Capital, Catalina RE and Jorgansen Financial RBC on the Board.

What’s worse, no connections or being unsuccessful leveraging any connections you think you have? That’s a guessing game, failures play.
The PeoplesBank likely got the bid since they finance CRDA housing projects. Contrary to what some people have said they are paying $850,000 for the first year not $2 million. The bank CEO says they are a mutual bank and won’t be sold like a stock own company. Perhaps he’s sincere? Where is Connecticut Mutual now?