The New York Yankees and the Brooklyn Dodgers played in the inaugural game at City Stadium (the baseball portion) on April 11, 1940, in front of an estimated crowd of 7,000.

The following professional baseball teams have all fielded affiliates of their parent club in Lynchburg: the Washington Senators, St. Louis Cardinals, Chicago White Sox, Minnesota Twins, Texas Rangers, New York Mets, Boston Red Sox, Pittsburgh Pirates, Cincinnati Reds, and Atlanta Braves.

[4] In March 2020, the name was changed to Bank of the James Stadium when the city entered into a six-year naming rights deal worth $50,000 annually with Bank of the James, proceeds to be equally split between the city and the team.

Prior to the 2005 season, six new luxury boxes were added in addition to a video board in right field.

In August 2004, the field was dedicated to Calvin F. Falwell, President of the Lynchburg Baseball Corporation since its inception in 1966.