Walden Savings Bank

PHASE I: Overview

A community bank since the 1800’s, Walden Savings Bank suffered from a common problem.

They were so well known that their customers really didn’t know them at all. Community perception had not kept pace with their growth. Many customers were unaware of the range of branch locations, business and consumer services, and new products that Walden Savings Bank had to offer. Their logo and overall image was old-fashioned, and needed to be brought up to date.

We were asked to increase awareness, rebrand them with a fresh look, convey their continued commitment to the community, launch new products, and drive anticipated expansion.

We launched a coordinated marketing and public relations campaign that began with the basics:      

  • development of a new logo, key messages, and thematic corporate tag line
  • business stationery
  • signage
  • formation of a branding identity campaign including print, radio, and cable

Then, we integrated marketing tools to build brand promise:

  • development of cross-selling collateral including in-branch posters,  window signs, banking envelopes, and statement inserts
  • implementation of award-winning product advertising
  • dissemination of press releases  
  • ongoing pitching and follow-up
  • new service and product collateral
  • marketing of customer service program
  • direct mail

The results?

  • Highly increased visibility
  • Better understanding of their products and services
  • Specific annual loan projections were met within four months
  • Customers flooded to new on-call and internet banking services
  • They were able to meet projections and build a new corporate and banking center
  • Continued branch expansion

PHASE II: Overview

Walden Savings Bank (WSB) continued to grow as a regional bank with (eleven) offices in Orange and Ulster counties in New York State. 

As a true community bank WSB boasts some of the most advanced consumer and commercial banking services in the region, effectively competing with larger, national banking institutions that had acquired the smaller community banks, that dotted the area in this ever-expanding Hudson Valley market.

Their mission is to provide the most up-to-date banking products to the savvy new customer base that has moved into the area from New York City, while maintaining their sensitivity to the local population that has always appreciated their “personal” touch to banking, and assure them that WSB would forever remain an independent institution.

Client’s Challenge

Walden Savings Bank had rapidly expanded its scope of services to keep pace with the growing needs of the community. In addition to broadening their scope of services, the bank had expanded with several new locations throughout the area, with plans to add four more in this fast-growing market.

Their management recognized that they needed to maintain a strong, ongoing program to introduce the bank to the newest members of the community, promote awareness of their expanding scope of services, and enhance awareness of the bank in general. They also needed to promote an image that would be strong and confident enough to demand attention in the marketplace.

The BBG&G Assessment

The agency recognized that Walden Savings Bank competed with county banks and credit unions for what appeared to be the same customer base looking for the same products and services.

A new marketing strategy was needed to:

  • Maintain current customers
  • Expand current customer business

Attract the new, urban customers that had moved into the area.
 
The BBG&G Solution

To emphasize WSB’s product and technological competitiveness with the larger conglomerate banks, BBG&G created a campaign that communicated the breadth and depth of WSB’s services and cutting edge products: You can do it all @ Walden Savings Bank.

The “YOU CAN DO IT ALL @ WALDEN SAVINGS BANK” Campaign

A series of print ads initiated the campaign, each focusing on different banking services available to the community. The YOU CAN DO IT ALL Campaign was also adapted to radio commercials which included a jingle and a series of billboards and collateral – all part of a  branding mechanism for the bank that always included a large graphic @ symbol.

Further cohesive messaging was accomplished through:

  • the development of cross-selling collateral including in-branch posters,  window signs, banking envelopes, and statement inserts
  • media relations and publicity  
  • new corporate, service and product collateral