1:1 Direct Mail Case Study - $9,000,000 in New Mortgages.

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    1:1 Direct Mail Case Study - $9,000,000 in New Mortgages. - Presentation Transcript

    1. CUSTOMER Hometown Bank “The Way Banking Should Be” It pays to b Hometown Bank is a $204 million mutual bank with e patient, P branches in Webster, Oxford, and Sturbridge. Founded eter. in 1889, Hometown has built its success by delivering on the promise to always be a bank where names are more important than numbers. The bank prides itself on the superior level of customer service it provides and a range of financial products that responds to customer needs. CHALLENGE Deliver a time sensitive refinance offer to  qualified recipients that would produce an  immediate response and deliver both new loan  applications and new core deposits to the bank. w­interest to offer a lo  local bank  s over. g for a solid your wait i een waitin e Peter,  If you’ve b on a 30­ye ar fixed ra te mortgag PRESORTE D FIRST CLAS U.S. POST PAID AGE S The turmoil that engulfed the U.S. economy during 2008 MA 01749 and continued into 2009 brought with it the most challenging HUDSON, ork for  59 PERMIT NO. d credit to w Put your goo 4.50    t, fixed­rate % you with a  low­interes rom Hometo our  wn Bank.  mortgage f Lock in now  *) monthly mortgag and reduce y e payment. nue, Oxford,  MA 01540 business enviroment today’s bank management teams (4.608% APR eive a $200 credit at closing if  ng    31 Sutton Ave Better still, yo u will rec en a Home town Bank T inimum $5 hecki otally­Free C 00  have ever faced. Having gained earlier experience with 1:1 you also op deposit or a m o act now.  either direct  direct marketing campaigns, Matthew S. Sosik, President Account with ot last, s  rate may n lance. This monthly ba y usin g our   Apply toda application at e  cure onlin etowncoop.com  and CEO of Hometown Bank knew there would be m Peter Barnu se af Road  2700 Greenle 1749 w.hom https://ww s at 888­307­5887. on a    0 Hudson, MA or call u centage Rat 20, 2009 and e (APR) is is based accurate as to of March by lender may vary and is . APR quoted ulated using a $200,00 subject 0 Mortgage '%! opportunities to grow his bank using data and compelling $#$%& * Annual Per 1 point paid credit history payment and 8% was calc ject to your !"#"#" 20% down APR of 4.60 Rates are sub creative to deliver a well targeted, well timed offer. The out notice. e is required . Interest notice. change with nge without perty Insuranc . Rates subject to cha Balance. Pro vary e.” g Should B al rate may and your actu ankin “The Way B Driving revenue with Data Driven 1:1 Direct Marketing
    2. 399 River Road, Hudson MA 01749 978.567.6000 www.tecdocdigital.com SOLUTION Identify prospects that reside within a specified proximity to Hometown branches and have  a mortgage profile that would be attractive to the bank. Produce and deliver a compelling,  personalized direct mail offer in less than one week. Overall creative and design work for this campaign RESULTS was provided by Hometown’s agency, Klimavich Within 8 weeks of the mailing 43 qualified mortgage Communications (www.webmechanic.cc). Using a very applications totalling $9,076,630 were received and clever play on the theme “it pays to be patient” Klimavich 90 new Totally Free Checking Accounts were opened used imagery that captured the recipient’s attention and increasing bank deposits by $430,821. moved the reader directly to the bank’s offer with relevant personalized text. The bank made a strong offer with a “Whenever we ask our customers what they  very attractive 30-year fixed mortgage rate and a deposit enjoy  about  banking  with  us,  they  always  credit if the recipient also opened a Totally Free Checking cite the high degree of personal recognition  account before closing. Recipients were given the option they  receive  whenever  they  interact  with  to respond to the offer via a toll free number or to apply Hometown Bank employees. TecDoc Digital  via a secure on-line landing page. If they chose the on- Solutions  helped  us  conduct  a  successful,  line option they immediately saw a recreation of their dynamic direct mail campaign that preserved  postcard dominating the web page and simply had to and reinforced our high­touch philosophy.”  click on the image to begin the application. Working with Matt Sosik - President and CEO Klimavich Communications and Hometown’s President & CEO, TecDoc Digital Solutions researched and procured “Relationship marketing is more than a buzz  a mail list that met the geographical and financial word  ­  it’s  a  way  of  life  for  businesses  that  requirements most relevant to the campaign objectives. want to succeed in today’s economy. At a time  TecDoc then converted the Klimavich design to a variable when traditional media are falling short, 1:1  template, mapped the variable fields in the design to the direct mail continues to be a reliable part of  proper fields in the mail file, and wrote the conditional the  marketing  mix.  I  can  always  count  on  programming to locate and place the data in the correct TecDoc  Digital  Solutions  to  provide  expert  locations on the postcard. Tecdoc also provided all postal service so I can continue to meet and exceed  presorting, NCOA, and DPV requirements to achieve the my customers’ expectations.”  lowest USPS rates possible for the mailing.! Joe Klimavich - Klimavich Communications For Further information contact: David L. Trombino @ 978-567-6006 or dtrombino@tecdocdigital.com Providing our Customers with Measurable Improvements in Direct Marketing Results.

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