Magazine article American Banker

Campaign by M&T Bank Features Greenbacks, Suspense

Magazine article American Banker

Campaign by M&T Bank Features Greenbacks, Suspense

Article excerpt

Twice a week for three consecutive weeks this summer, M&T Bank mailed crisp $1 bills to 500 potential customers. Until the very end, the bank never identified itself.

The Buffalo-based bank used the six-part teaser campaign to build awareness of its corporate trust division. The first five mailings, sporting the lines "Another day, another dollar -- but not just another bank," contained a buck and a flattering statistic about the financial strength of an unidentified institution.

"We wanted to really build up people's curiosity," said Paul DiMillo, trust marketing officer for M&T. "The statistics are pretty darn good, and we wanted people to wonder who this bank was."

The Mask Falls Away

The sixth and final piece, captioned "The bucks stop here," ended the suspense.

Restating five earlier sets of statistics about the bank's capital and earnings strength, the mailing flaunted M&T's name, a toll-free number -- and another dollar bill.

The hoped-for reaction, Mr. DiMillo said, was: "Oh, it's M&T Bank. I didn't realize they were so strong."

The mailings went to officials at investment banks, city agencies, and insurance companies who choose corporate trustees.

The banker admits to a concern that recipients, many of whom are sophisticated executives in Manhattan, would think the campaign was in poor taste. "These are hard times, and I didn't want to portray the image that we throw around money like it's nothing," he said. "I was worried, but nobody above me was."

Tradition of showmanship

In fact, M&T -- a subsidiary of First Empire State Corp. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.