CHARLOTTE, N.C. -- Truist and the Charlotte Knights announced Thursday that BB&T Ballpark will be renamed Truist Field.

According to a release, the new name "is a continuation of its naming partnership rights with the Triple-A affiliate of the Chicago White Sox team." 

The full brand transition will reportedly take place in June and is expected to be complete by the end of the summer. This work will include updated signage throughout the park, including the video board, field walls, indoor and outdoor signage, new street banners and highway signs, and staff apparel.

“BB&T has been a valued partner for us and the North Carolina community, we are thrilled to be a part of this new chapter in history with them as Truist. We look forward to creating new memories at Truist Field,” Charlotte Knights Chief Operating Officer, Dan Rajkowski said in a statement.

As part of its Truist Cares initiative and the partnership, Truist has committed to a $75,000 donation to the "Knights Care 4 CLT" fund, which was established in April during the COVID-19 pandemic to help healthcare workers, select local charities, and Knights' employees who are in need.

The Charlotte Knights and Truist say they will continue to work together to deliver new programs benefiting the Charlotte community.

Heath Campbell, president of Metrolina region for Truist, said in a statement, “Together we are committed to creating an enjoyable and safe experience for our community. We are looking forward to opportunities in the future to bring our community together in the heart of Uptown Charlotte at Truist Field."