Bank of America Stadium was initially named Ericsson Stadium after Swedish telecom company LM Ericsson held the naming rights. In 2004, Charlotte-based financial services company Bank of America purchased the naming rights under a 20-25-year agreement at $140 million and the stadium was renamed Bank of America Stadium.
The stadium has undergone several renovations over the years to improve the fan experience. These renovations include escalator bays that whisk fans to the upper levels, high-definition video boards above each end zone, vibrant ribbon boards encircling the entire bowl at the club and upper levels, and a high-efficiency, high-octave distributed sound system throughout the bowl.