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Bank of America Extends NASCAR Connection

Tuesday, February 21, 2006 8:55:01 PM
By PAUL NOWELL

 NASCAR driver Martin Truex Jr. takes his car past a Bank of America sign in turn three during practice at Lowe's Motor Speedway in Concord, N.C., Oct. 13, 2005. Bank of America Corp. Tuesday, Feb 21, 2006, announced a new five-year agreement with International Speedway Corp. to sponsor four of its race tracks. Last summer, Bank of America struck a deal with ISC's chief rival, Speedway Motorsports Inc., to sponsor Lowe's Motor Speedway and four other tracks. (AP Photo/Chuck Burton, File)CHARLOTTE, N.C. (AP) - Bank of America Corp. said Tuesday that it has reached a five-year agreement with International Speedway Corp. to sponsor four race tracks, including California Speedway near Los Angeles.

It's the latest of several recent high-profile deals involving NASCAR and the nation's second-largest bank, which for years paid little attention to the marketing potential of stock-car racing despite being based in Charlotte, the sport's hub.

Financial terms of the latest sponsorship deal, which also includes tracks in Kansas City, Mo.; Avondale, Ariz.; and Watkins Glen, N.Y., were not disclosed.


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