Wells Fargo re-ups sponsorship with UNC athletics

Wells Fargo has renewed its contract with the athletics department at UNC-Chapel Hill, meaning more advertising for the bank at sporting events, two new scholarships and financial education for student-athletes.

The university announced the extension Tuesday. The two new scholarships will support athletes who are pursuing advanced degrees. They'll begin this year and the program will last for five years.

Wells Fargo also will sponsor the Carolina Fever student organization, which rallies attendance at sporting events. The bank also is rolling out four new UNC-related images that Wells Fargo customers can put on their debit cards.

The bank has sponsored UNC sports since the Wachovia days. Wells Fargo also still has a banking contract with the general student population. The bank offers a debit card that also serves as a student ID. That contract was inherited from Wachovia as well, but has since been renewed.