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Attention-Grabbing First Bank Gimmick Altered to Promote Entrepreneurs

By: TopDog - Published:   Updated: Aug 10 2011 • References: cbs4denver
It's a sign of the times. Joining the ranks of the recession-ridden, a Colorado bank bought billboards featuring fake advertisements with the bank's real phone number. The marketing ploy, intended to capture the attention of onlookers, was an effort by the bank to cozy up to consumers.

The attempt however, backfired when people looking for real information called the bank in response to the mock advertisements. First Bank then responded by promoting actual businesses on the billboards.

Implications - This is a perfect example of the influence of viral marketing on the corporate world. Who could have ever imagined that a stuffy, old banking institution like First Bank would invest in something so comic, avant-garde, and guerilla? "I'm not sure where we're going to go, but we love the interest in it," said the company's CEO. The success of this ad ensures that more companies will participate in ads like this, even if it does confuse consumers.