Wells Fargo Bank Has Decided Not to Renew Their Sponsorship and Will Remove Their Name From the Wells Fargo Center

Looks like the Wells Fargo Center will be going through another name change. However, it isn’t because the bank is changing names but rather deciding to pull out completely.

Several local news sources have confirmed that Wells Fargo has decided not to renew their sponsorship and will pull out of their naming rights that they’ve held since 2010.

“Wells Fargo regularly reviews and adjusts our overall sponsorship strategy. As such, we have made the business decision not to renew the naming rights contract to Wells Fargo Center. We value our relationship with Comcast Spectacor and we look forward to collaborating on live entertainment and sporting events at the Wells Fargo Center through the end of our contract in August 2025. Wells Fargo has a long, rich history in the City of Philadelphia. Our nearly 4,000 employees across Pennsylvania make us one of the largest private employers in the area, and we remain committed to the City of Philadelphia region. Since 2020, Wells Fargo has invested more than $21 million in philanthropic giving in the City of Philadelphia and in Pennsylvania, focused on supporting affordable housing, small business, financial health, sustainability and more,” the spokesperson said in a statement to NBC10.