F&M Bank Arena is the arena for the Austin Peay Governors men's and women's basketball teams of the ASUN Conference. Located in Clarksville, Tennessee, it seats around 6,000 people. In addition to the main space which holds events such as APSU's basketball games, concerts, banquets, conventions, and many other events; there is a second floor of F&M Bank Arena that will mainly be used for figure and youth skating. Replacing Winfield Dunn Center, whose basketball arena has been converted to a volleyball-specific facility, both the men's and women's basketball teams moved from Winfield Dunn Center to the arena. The facility includes locker rooms, coaches' offices, and training rooms for both teams. As of October 2024, F&M Bank Arena is also the home of the Red River Spartans hockey team.