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KeyBank reality check. (ABAMN 2007 Financial Marketing Awards: Customer Retention Marketing; First Place; Asset Size of $1 Billion to $5 Billion).


[ILLUSTRATION OMITTED]

Institution: KeyBank, Cleveland

Agency: Epsilon, Irving, Texas

KeyBank for several years had been struggling to cross-sell new products to its existing small-business customers. In the past, it had mailed traditional, product-focused communications, but with limited success. The agency focused on engaging, interesting content and moved the "product push" to a secondary position.

The effort netted a 4.79 percent conversion rate and an unusual return-on-investment of 1,568 percent.

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Publication:ABA Bank Marketing
Article Type:Brief article
Date:Mar 1, 2008
Words:71
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