Bancography | Branch Planning, Marketing Research, Brand Strategy, Products & Profitabilty

Bank Taps Twitter, NFL Celebrity For Big PR Bang On Holiday Promo

Eastern Bank recruited New England Patriots’ starting defensive lineman and NFL legend Vince Wilfork for a social media push supporting a Toys For Tots drive this holiday season. The strategy helped the bank generate free PR buzz for what might have otherwise been an un-noteworthy promotion.

Vince Wilfork is known — not just in Boston, but around the NFL — for two things: for his size (even though he’s 6’2” and 325 lbs, he can still run the 40 almost twice as fast as you), and for the fear he instills in offenses around the league. He is unquestionably one of the best defensive players in the game today.

In a nutshell, Wilfork is NFL royalty. So for Eastern Bank, getting the big #75 to participate in a promotion is a bit of a marketing coup.

Here’s how Eastern Bank’s holiday campaign works. People can bring items they wish to donate to Toys For Tots down to any one of Eastern’s 94 branches. Anyone who takes a photo of their donation and sends it to Vince Wilfork on Twitter (@#wilfork75) using the hash tag #easterntoys will have their photo retweeted by the football superstar.

The promotion kicked off with a full advertising push November 15, just six days after Eastern launched the bank’s first Twitter account. The launch campaign included TV, radio, online, social media and traditional offline marketing components. The promo runs through December 17. This is the first time Eastern has held a Toys For Tots drive.

Getty Images | Content Marketing

Midway through the promotion, so many toys have been donated, Eastern Bank has a hard time quantifying it.

“Let’s just say we have branch managers calling almost daily saying they need more boxes for toy donations,” explains Andy Ravens, Eastern’s PR and social media guy. “We can’t pick up the full donation boxes and get new ones to them fast enough.”

“We have a warehouse with palette after palette of toys,” Ravens adds.


Eastern Bank – Wilfork Makes a Deposit

One of two 30-second TV commercials starring Patriot’s defensive tackle Vince Wilfork that Eastern Bank produced for its Toys For Tots campaign.

Using Social Media as a PR Hook

Wilfork hasn’t retweeted that many donation photos — maybe a couple dozen total — but generating a bunch of Twitter activity wasn’t the point of Eastern Bank’s strategy.

, says the Twitter tie-in helped the bank generate free press. Without the social media component, Ravens says the promo wouldn’t likely have yielded much PR coverage.

Banks support charities all the time… so what? Banks even have holiday toy drives… what’s new? There isn’t much to the standard, familiar story that will interest editors.

“But add Twitter and the NFL celebrity, and you can turn it into a real story,” Ravens explains.

The strategy worked. Eastern Bank had stories run in the Boston Globe, the Boston Herald, the Boston Business Journal, and on multiple TV and radio stations, including this great one-minute bit on WCBV.

Getty Images | Content Marketing

Ravens says it took the combination of both Wilfork and Twitter to give the Toys For Tots story its real PR juice — just one or the other might not have been enough.

He’s probably right. There’s a story in giving common folks the opportunity to have their tweets shared by someone famous, particularly one like Wilfork who has over 126,000 followers on Twitter.

“People love it when celebrities retweet them,” says Ravens about the psychology underpinning the promotion.

Toys. Needy kids. Big scary NFL superstar. Twitter… and a bank! It’s a story with a lot of angles. It gives an editor plenty to work with.

Key Takeaway: Financial marketers are unduly obsessed with growing Twitter followers and Facebook fans. It helps to remember that social media can be indirectly used to milk otherwise ordinary promotions for more value (like using Facebook for charity grants). Instead of tormenting yourself as you try to build your social media following, you might yield more from social channels if you use them as bait in your PR stories. Adding social media components to your promotions will help you generate more press, because the media is enraptured with any and all things involving Facebook and Twitter in corporate America — especially when it involves a financial institution. Combine the strategy with a dash of celebrity status and you’ll yield the biggest PR impact.

Don’t Let Celebrity Endorsements Scare You

By all accounts, Wilfork — for as intimidating as he can be on the field — is a real teddy bear in person. Mr. Ravens at Eastern describes the Patriots star defensive player as “very kind, very affable, with a big heart,” and says he is active in a number of philanthropic ventures.

Was it hard for Eastern, a bank with $8 billion in assets and 450,000 customers, to convince Wilfork to use his Twitter account for corporate charity?

No, say Ravens. Eastern has worked with former NFL quarterback Doug Flutie for over 12 years on other philanthropic campaigns. Flutie and Wilfork have the same agent, so all it took was a couple phone calls.

But Ravens says financial institutions of all sizes can pull off a celebrity endorsements, and the process isn’t as complex or implausible as you might think. Ravens gets approached by a number of celebrity agents looking for endorsement deals for their clients. And when Eastern wanted to partner with baseball slugger Adrian Gonzalez, it was Ravens who picked up the phone and cold-called the agent.

“Just don’t be afraid to think big and be persistent,” Ravens advises. “You never know what you may be able to pull off.”

Search For More: Community Involvement, Social Media,

All content © 2014 by The Financial Brand and may not be reproduced by any means without permission.

FMCG Direct | Focused Excellence in Financial Services Marketing

Speak Your Mind

*

Next article recommended for you
face_pie