BLOOMINGTON, Ind.–Indiana University Athletics and Merchants Bank announced a new partnership this week which includes a $50 million commitment over 20 years.

As part of the agreement with IU Athletics and Learfield’s IU Sports Properties, Memorial Stadium’s playing surface has been renamed Merchants Bank Field at Memorial Stadium effective immediately.

“We put a tremendous value on who we partner with as an athletic department, and that is particularly true when it comes to a facility as iconic as Memorial Stadium,” said IU Vice President and Director of Athletics Scott Dolson. “That’s what made Merchants Bank an ideal fit for this opportunity. Michael Petrie, Chairman of Merchants Bank, and his entire team share our commitment to this great university and the student-athletes who proud

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