Until the opening of Fifth Third Arena at the University of Cincinnati and BB&T Arena at Northern Kentucky University, commencement ceremonies for both schools were held at Heritage Bank Center. On occasion, there have been local pushes for the attraction of another major sports franchise to occupy the arena, possibly a National Basketball Association (NBA) or National Hockey League (NHL) franchise. The Cincinnati Royals moved to Kansas City – Omaha in 1972, and were the last NBA team to call Cincinnati home. The NBA Cleveland Cavaliers have played preseason games at Heritage Bank Center.
In August 2019, it was announced that U.S. Bank would not be renewing its naming rights sponsorship of the arena, which had been in effect since 2002. Kentucky-based Heritage Bank assumed naming rights of the arena on November 4, 2019.
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