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Phillies new home to be called Citizens Bank Park

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Philadelphia, PA (Sports Network) - Citizens Bank Park will be the name of the Philadelphia new ballpark. The commercial bank holding company paid $95 million for the naming rights package over 25 years. It is broken down into $57.5 million for naming rights and $37.5 million for the broadcast media package. "Citizens Bank is thrilled and honored that the new home of the will be named Citizens Bank Park," said Stephen D. Steinour, Chairman & CEO of Citizens Bank. "This unique and extensive partnership with the , our dedication to Philadelphia and our commitment to the community make this an extraordinary investment," said Steinour. The are playing their final season in Veterans Stadium and are scheduled to open the 2004 season at the new ballpark. The team is currently in third place in the National League East with a record of 35-32. "This long-term partnership with Citizens Bank is a clear indication that a new era in baseball has begun," said David Montgomery, General Partner and President for the . "We are extremely pleased and excited to team up with such a prestigious organization and look forward to continuing this wonderful partnership together."

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