Five Points Bank, headquartered in Grand Island, has a 10-year agreement to secure naming rights of the Livestock Arena on the Nebraska State Fairgrounds. The bank has branches in Omaha, Papillion-LaVista, Sumner and Kearney "Five Points Bank has committed $75,000 per year for a total of $750,000 through the year 2021," according to Joseph McDermott, Nebraska State Fair executive director. The sponsorship will also include an endowment for Fonner Park to use in the upkeep of the Five Points Bank Arena throughout the year."
Bill Marshall, chairman of the Board for Five Points Bank says, "I'm very pleased for our bank to make this investment in the Five Points Arena for the Nebraska State Fair and Fonner Park. I feel that both have contributed a great deal to our community in terms of economic benefit and quality of life.
"This is also good business—the people that come to the Nebraska State Fair, cattle shows, or concerts are either customers of our bank or people that we would like to have as customers for our bank. It's a great investment, particularly for our community," Marshall adds.
Hugh Miner Jr., CEO and manager of Fonner Park says the generosity of the Grand Island Community is unmatched. "Five Points Bank exemplifies the giving spirit of not only our community, but for our entire state."
"The Nebraska State Fair's move to Grand Island was once a vision, but is now reality," says Jana Kruger, State Fair bBoard president . This is also true of Five Points Bank's commitment. It is the beginning of future opportunities for the Fair's state-of-the-art building complex."
The arena is utilized throughout the fair for 4-H, FFA and Open Class livestock exhibitors and a number of shows throughout the year.
The Nebraska State Fair runs from Aug. 24 through Sept. 3.