Jackson Reid
The Wells Fargo Championship is an annual PGA Tour event that was hosted in Charlotte, North Carolina, at the Quail Hollow Club. The tournament began in 2003 as the Wachovia Championship and was later renamed the Wells Fargo Championship after Wells Fargo's acquisition of Wachovia. In 2024, it was announced that Wells Fargo would not renew its sponsorship, and the tournament was renamed the Truist Championship, with a seven-year deal signed with the Charlotte-based bank. The event has been a staple of Charlotte's sporting and social calendar, featuring top-tier golf and a strong local vendor presence.
| Characteristics | Values |
|---|---|
| Year | 2024 |
| Tournament Name | Wells Fargo Championship |
| Location | Charlotte, North Carolina |
| Golf Club | Quail Hollow Club |
| Par | 71 |
| Yards | 7558 |
| Purse | $20,000,000 |
| Previous Winner | Wyndham Clark |
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What You'll Learn
The Wells Fargo Championship is now called the Truist Championship
On December 8, 2023, Wells Fargo announced it would not renew its title sponsorship of the tournament after 2024. The following year, on August 6, 2024, it was announced that Truist, a Charlotte-based bank, would be the new title sponsor. As part of the deal, the tournament was renamed the Truist Championship.
The Truist Championship is one of the younger events on the PGA Tour and is one of eight Signature Events. The 2025 edition of the tournament took place from May 8 to May 11 at the Philadelphia Cricket Club in Pennsylvania. This was a change of venue from previous years, as the tournament had been primarily held at the Quail Hollow Golf Club in Charlotte, North Carolina.
The Truist Championship has a strong local vendor presence, and Truist has been described as a "highly engaged hometown sponsor." The bank has a seven-year deal as the title sponsor, ensuring that Charlotte remains a regular host city for elite golf tournaments. The tournament is operated by the PGA Tour's Championship Management, which also operates the Presidents Cup.
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It is held in Charlotte, North Carolina
The Wells Fargo Championship is held in Charlotte, North Carolina. The annual PGA Tour event began in 2003 as the Wachovia Championship and has since undergone several name changes. After a brief stint as the Quail Hollow Championship, it became the Wells Fargo Championship in 2008, reflecting Wells Fargo's acquisition of Wachovia.
The tournament has been a staple on Charlotte's sporting and social calendar, hosted at the prestigious Quail Hollow Club in the city's south. The club has welcomed elite golfers and hosted the PGA Championship in 2017 and the Presidents Cup in 2022. The tournament attracts top-tier golfers and offers a substantial prize purse, further elevating its prestige.
While the sponsorship changed, the tournament's commitment to Charlotte remained steadfast. In 2024, Truist, a Charlotte-based bank, was announced as the new title sponsor, securing a seven-year deal. The event was renamed the Truist Championship, ensuring that Charlotte continues to be a regular destination for elite golf and golfing enthusiasts.
The tournament showcases the city of Charlotte and highlights the local vendor community. The organisers' commitment to local businesses has been a notable aspect of the tournament's success, fostering a strong sense of community engagement and support. The Wells Fargo Championship, now the Truist Championship, has become an integral part of Charlotte's sports culture, attracting golfers and fans alike to the city each year.
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The tournament has had several name changes
The Wells Fargo Championship is an annual golf tournament on the PGA Tour. The tournament has undergone several name changes throughout its history.
Originally known as the Wachovia Championship, the tournament was renamed the Wells Fargo Championship in 2009. Wells Fargo & Co. acquired Wachovia Corp. for $12.5 billion on December 31, 2008. In the lead-up to the 2009 tournament, the company announced it would drop the Wachovia name from the upcoming event, citing the desire to avoid sending "mixed signals about our priorities." David Carroll, head of wealth management at Wells Fargo, elaborated:
> Given the merger integration with Wells Fargo and Wachovia, we believe it no longer makes sense to invest in promoting the Wachovia brand via the tournament. In the current environment, we also believe that promoting this event with our brand could send mixed signals about our priorities to many of our stakeholders.
In 2017, the tournament was held at Eagle Point Golf Club in Wilmington, North Carolina, as the usual host course, Quail Hollow, hosted the PGA Championship in mid-August. For this edition, the tournament was known as the Quail Hollow Championship, adopting the name of its usual host course.
In 2022, the tournament was held at TPC Potomac at Avenel Farm in Potomac, Maryland, as Quail Hollow hosted the Presidents Cup in late September.
On December 8, 2023, Wells Fargo announced it would discontinue sponsoring the tournament after 2024. On August 6, 2024, Truist, a Charlotte-based bank, was unveiled as the new title sponsor. As a result, the tournament's name will change once again for its 2025 edition, though the new name has not yet been publicly announced.
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Wells Fargo ended its sponsorship in 2024
The Wells Fargo Championship is a golf tournament held annually at the Quail Hollow Golf Club in Charlotte, North Carolina. Wells Fargo has been the title sponsor of the tournament since 2011, and the event has been a staple on the PGA Tour calendar for over 20 years.
However, in December 2023, Wells Fargo announced that it would not renew its sponsorship of the championship after 2024. This decision came as a surprise to many, as the tournament had become one of the premier events in the Carolinas and on the PGA Tour. The bank stated that it was "incredibly proud" of the tournament's history and the impact it had on the local community, having generated over $30 million in support of numerous charitable foundations.
The 2024 Wells Fargo Championship will be the last event under the bank's sponsorship and is expected to end on a high note. Wells Fargo plans to introduce new on-course amenities and aims for record revenue. The tournament will take place from May 6 to May 12, 024, with a limited field of 70 to 80 players competing for a $20 million purse, with 20% going to the winner.
Following the conclusion of the 2024 event, a new sponsor will take over. It was announced on August 6, 2024, that Truist, a Charlotte-based bank, would become the new title sponsor starting in 2025. The tournament will also move to the Philadelphia Cricket Club due to the PGA Championship being held at Quail Hollow the following week.
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Truist will sponsor the tournament until 2031
The Wells Fargo Championship is an annual PGA Tour event that has been held at the Quail Hollow Club in Charlotte, North Carolina. The tournament began in 2003 as the Wachovia Championship and was briefly called the Quail Hollow Championship before becoming the Wells Fargo Championship in 2008.
In December 2023, Wells Fargo announced it would not renew its title sponsorship of the tournament after 2024. This threw the future of the tournament into doubt. However, on August 6, 2024, it was announced that Truist, a Charlotte-based bank and financial services company, would become the new title sponsor of the tournament, ensuring its future in Charlotte through at least 2031.
The deal with Truist is for seven years, and it will be the title sponsor of the tournament when it is played in Charlotte in 2026, 2027, 2028, 2029, 2030, and 2031. The tournament will be known as the Truist Championship. This long-term commitment provides stability and allows the tournament time to grow under the Truist name. Truist Chairman and CEO Bill Rogers expressed his excitement about the partnership, stating that securing the event in Charlotte was important for the company and the region.
The sponsorship of the tournament by Truist is significant as it keeps elite golf as a staple on the city's sporting and social calendar. Quail Hollow Club's golf course has offered a strong test to the game's best players over the years, hosting two PGA Championships and a Presidents Cup. The Truist Championship will be one of the PGA Tour's eight Signature Events and is expected to have a $20 million purse.
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Frequently asked questions
The Wells Fargo Championship is held in Charlotte, North Carolina, at the Quail Hollow Club.
Wells Fargo was the main sponsor of the tournament until 2024. In August 2024, Truist, a Charlotte-based bank, took over as the new title sponsor.
The Quail Hollow Club in south Charlotte has long been a staple of the city's sporting and social calendar. It hosted the PGA Championship in 2017 and the Presidents Cup in 2022.
