STADIUM RENAMED: ALLIANCE BANK STADIUM

Febuary 15, 2005

Alliance Bank, NA President and Chief Executive Jack H. Webb (right) and Onondaga County Executive Nicholas J. Pirro shake hands after signing the new stadium naming rights agreement.

Onondaga County has reached an agreement with Alliance Bank, NA for the naming rights of the county-

owned stadium formerly known as P&C Stadium.

County Executive Nicholas J. Pirro announced the agreement along with Alliance Bank, NA President and Chief Executive Jack H. Webb at a press conference Tuesday at the stadium.

P&C had signed a 25-year contract for the stadium's naming rights in 1996, but was released from the contract in September 2004 while reorganizing in U.S. Bankruptcy Court. P&C was to pay a total of $3.625 million dollars in annual installments of $145,000.

In the 20-year agreement, Alliance Bank will pay the county $2.8 million for the exclusive naming rights to the stadium. The stadium entry road will also be renamed "Alliance Bank Parkway."

Alliance Bank was formed in 1999 by the merger of Oneida Valley Bancshares Inc. and Cortland First Financial Corp. and is the only bank headquartered in Syracuse. Alliance employs more than 300 people at its 20 branches in Central New York. There are eight branches in Onondaga County, with plans to build a ninth branch in Dewitt.