The BB&T Classic, originally the Franklin National Bank Classic, was a Washington, D.C.-based college basketball event held annually from 1995 to 2017. It raised funds for the Children's Charities Foundation, a fund-raising organization that financially supports Washington, D.C.-area charities, and was staged on or around the first weekend in December. Its name changed in 1999 after BB&T acquired Franklin National Bank that year. Played as a tournament with championship and consolation games from 1995 to 2004, the BB&T Classic was a non-tournament showcase event from 2005 to 2017. A decreasing ability to attract marquee teams and declining fan interest and television coverage led to its demise the 2017 edition. Founding Former ambassador and vice-presidential press secretary Peter Teeley and Washington, D.C.-area sportswriter and author John Feinstein organized the Classic in 1995, hoping to raise US$500,000 for the Children's Charities Foundation in the Classic's first year. Abe Pollin, owner of USAir Arena in Landover, Maryland, agreed to host the Classic there, with an initial commitment of three years. In the late 1990s and early 2000s, the BB&T Classic was a legitimate tournament with national attention that attracted powerhouse teams. Venue The BB&T Classic originally took place at USAir Arena, later known as USAirways Arena, in Landover, Maryland. After the MCI Center, later known as the Verizon Center and then as Capital One Arena, opened in downtown Washington, D.C., in 1997, the Classic moved there. The event remained there for the rest of its existence. Format Tournament, 1995–2004 Originally, the event lasted two days and featured four teams, highlighted by local mainstays Maryland and George Washington, accompanied by two nationally recognized programs. The first day consisted of a doubleheader pitting each of the local teams against one of the national teams. The following afternoon, a championship game was held between the two opening-round winners. A consolation game between the two teams who lost in the opening round also took place. Showcase event, 2005–2017 In 2005, the BB&T Classics format was altered due to a declining ability to attract nationally renowned programs, partly because under National Collegiate Athletic Association (NCAA) rules participating teams had to give up two home games in their schedule in order to participate in the tournament. The Classic transformed in 2005 from a tournament into a tripleheader showcase played as a single-evening weeknight event. In 2008 and 2009, it was played as a doubleheader. It returned to the tripleheader