[PHOTO: Andrew Redington]

Truist Financial Corporation, the PGA Tour and Quail Hollow Club announced overnight that Truist has signed a seven-year agreement to take over title sponsorship of the tour event at Quail Hollow in Charlotte, North Carolina. It will now be known as the Truist Championship and will continue to be one of the tour’s eight signature events.

Although Quail Hollow will continue to be the host of the event, the club is holding the PGA Championship next May for the second time. So the first edition of the Truist Championship will be played at Philadelphia Cricket Club’s Wissahickon course in 2025. It is scheduled for May 8-11. Rory McIlroy is the defending champion after winning the tournament this May when he played a six-hole stretch in six-under par on the closing nine to shoot 65 and topped Xander Schauffele by five shots despite making a double-bogey on the 72nd hole.

“We are honoured to be the title sponsor of the PGA Tour’s Charlotte-based signature event and thrilled that Philadelphia and Charlotte, two vibrant growth markets for Truist, will be featured on the PGA Tour,” said Truist chairman and chief executive Bill Rogers. “We look forward to partnering with the PGA Tour to elevate this wonderful championship event and Truist’s deep community impact, and to further fulfil our purpose to inspire and build better lives and communities.”

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Said PGA Tour commissioner Jay Monahan: “We are delighted to welcome Truist to the PGA Tour family as the new title sponsor of the Truist Championship, a signature event that has continued to grow in size and stature since its introduction to the golf calendar more than two decades ago.”

The event debuted in 2003 when David Toms topped Robert Gamez by two shots. It was called the Wachovia Championship from 2003-2008. After two years of being named the Quail Hollow Championship, Wells Fargo took over sponsorship in 2011 until this year’s event. It was played at Eagle Point Golf Club in Wilmington, North Carolina, in 2017 because Quail Hollow hosted the PGA Championship that year. And two years ago, the Presidents Cup was at Quail Hollow, so the tour event moved to TPC Potomac at Avenel Farm in Maryland.

McIlroy has won the event four times, including his first PGA Tour victory in 2010. He also won in 2015, 2021 and then again this year, which is his most recent tour title.