EverBank Field will be known as TIAA Bank Field later this year. They team confirmed today that TIAA Bank Field will be the official name of its home stadium, replacing EverBank Field.

The name change comes after the sale of EverBank to TIAA in June and the new parent company will be renaming all EverBank locations as TIAA Bank. 

The name change must be officially approved by the city of Jacksonville and the Jaguars before they can tear down the signage on the front of the building and replace it with the new name. 

Even though the name change was announced today, there were no details immediately available about who will be paying to change the signage. It is expected that the name change will be made by the upcoming Jaguars preseason.

Jacksonville-based EverBank acquired the naming rights to the stadium in 2010, four years after the naming rights deal with Alltel lapsed. (The stadium was known as Jacksonville Municipal Stadium in the interim.) In 2014, the company extended its naming rights deal through 2024.