MURRAY — Murray State University’s Regional Special Events Center (RSEC) will be known as the CFSB Center starting today, thanks to the largest gift in Murray State athletics history. CFSB (Community Financial Services Bank) donated $3.3 million to MSU‟s athletic program securing naming rights of the facility.The Murray State board of regents approved the agreement at its meeting today that permanently changes the arena name. In addition to naming rights, CFSB will receive prominent display and exposure opportunities in and around the facility.The addition of this generous gift brings the total raised to date through MSU‟s capital campaign, Hold Thy Banner High: The Campaign for the Students of Murray State University, to $54 million.
The opportunity to secure naming rights for the arena has been a campaign priority from the start and was a principal part of the campaign case statement. The goal for the fund raising effort, which continues through December 31, 2012, is $60 million.“This is an historic day for Racer athletics,” said Allen Ward, director of athletics. “The commitment that CFSB has made will have a dramatic impact on our program, especially men‟s and women‟s basketball."
"The entire team of CFSB employee-owners and directors are excited to partner with Murray State University in promoting this awesome facility, the CFSB Center,” said Betsy Flynn, president and CEO of CFSB. “MSU is such an important economic and cultural factor in our region, we are proud to be a part of the vibrant Murray and Purchase region community. “As an employee- and local stockholder-owned independent bank, our mission statement is to „create value for our customers, community, team owners and stockholders, ‟and we know this is one avenue that we can give back to the valued communities that we serve. We thank MSU for giving us this opportunity to contribute and thanks to our many valued customers who enabled our success to support our area,” Flynn noted. “Thanks also to our marketing director, Jeremy Rose, for the original idea for this partnership and diligently working with the fine MSU staff including Allen Ward, Bob Jackson, Jim Carter and President Randy Dunn, along with the board of regents to get this accomplished,” concluded Flynn.
“I want to thank Betsy Flynn, Jeremy Rose, the CFSB executive board and the many people who were involved in seeing this gift come to fruition,” Dr. Randy Dunn, president of Murray State University, said. “The gift will help the athletics department greatly as it builds upon the most successful season ever in Racer basketball.”
A formal unveiling of the new name for the arena will take place in conjunction with the men's basketball game against East Tennessee State University on Monday, Nov. 15. However, the university will immediately begin to recognize the facility as the CFSB Center in all of its publications and communications.
“In the coming months, I‟ll be working with Dr. Dunn and the administration to firm up our plans on facility enhancements we hope to make as a result of this gift,” said Ward. “Without question, the investment that CFSB has made will make a noticeable and lasting impression on our program.”