Friday, September 22, 2006

Bank's local music program successful

Branching Out - New York Times: "Originally ... Umpqua simply planned to offer free music CD’s to people who opened new accounts; it was part of an effort to woo younger customers. The bank worked with a Portland music marketing firm called Rumblefish, which put together what has become a 214-song library of tracks by local, relatively undiscovered talent in the markets where Umpqua operates. A test run in a few markets found that the new customers who wanted a free CD of promising local artists included not just young people but, basically, everybody. The program was rolled out across the entire chain, and Umpqua even sent Rye Hollow, a Portland band, on a five-city tour; it performed at several banks, as well as at a brew pub in Chico, Calif. Earlier this year, the bank started a Web site where anybody, customer or not, can listen to clips, put together a CD and buy it. (The bank splits the proceeds with the artists.) And in July, it began selling its own curated 12-track collection, 'Discover Local Music: Vol. 1, Sacramento to Seattle,' at all Umpqua locations."

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