The agreement is for a 10-year period. Through BB&T's commitment to the Endowment, it will become the title sponsor of the NCHSAA state football championships. The announcement was part of the NCHSAA Board of Directors meeting.
"We are so excited about this initiative," said Adams. "To have a great organization like BB&T step forward and make a commitment to the Endowment and our endowment concept like this is great. When corporations do this, it helps makes sure that our athletes won't have to pay to play. We are just so pleased that a company acknowledges and respects what we are trying to do and we hope this is the first of several large corporate gifts to the Endowment."
"One of the great things about high school athletics is that students learn valuable life lessons about teamwork, goal-setting and how to handle both winning and losing," said BB&T vice-president of Advertising & Public Relations Margie Munnelly. "Like the NCHSAA, we believe students should not be denied those experiences which are only heightened during postseason play.
"That's why BB&T is proud to support the NCHSAA Endowment Fund as title sponsor of the state football championships. We know this is something our 330-plus branches across North Carolina will enthusiastically support."
A new championship logo has been created and BB&T is working on additional promotion of the football playoffs prior to the NCHSAA/BB&T State Football Championships, which are scheduled for Saturday, December 10, 2005. Currently the state football playoffs are subdivided, so eight champions are crowned, two in each of the NCHSAA's four classifications of competition.
The North Carolina High School Athletic Association currently has 354 member schools, distributed throughout all 100 counties of the state. There are over 140,000 athletes who compete annually in one of the NCHSAA sports programs.
Winston-Salem-based BB&T Corporation (NYSE: BBT) and its subsidiaries offer full-service commercial and retail banking and additional financial services such as insurance, investments, retail brokerage, corporate finance, treasury services, international banking, leasing and trust.
BB&T operates more than 1,400 financial centers in the Carolinas, Virginia, Maryland, West Virginia, Kentucky, Tennessee, Georgia, Florida, Alabama, Indiana and Washington, D.C.
With $102 billion in assets, BB&T Corporation is the nation's ninth largest financial holding company. More information is available at www.BBandT.com.