Branding Strategy & Web Dev for Community Bank
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Branding Other Design Web Development
- $50,000 to $199,999
- Sep. 2020 - Ongoing
- Quality
- 4.5
- Schedule
- 4.5
- Cost
- 5.0
- Willing to Refer
- 5.0
“Anchour has really helped us get on the right path regarding our strategy.”
- Financial services
- Maine, United States
- 51-200 Employees
- Phone Interview
- Verified
Anchour developed a brand strategy based on a comprehensive industry analysis for a community bank. Based on the results, they designed the branding, its collateral, and a new WordPress website.
The client has received positive feedback about their new, modern image and easy-to-use website, and they want to continue a successful relationship with Anchour. The team is helpful, communicative, and highly collaborative, and they work hard to make the client’s vision a reality.
A Clutch analyst personally interviewed this client over the phone. Below is an edited transcript.
BACKGROUND
Introduce your business and what you do there.
I’m the marketing officer of Franklin Savings Bank, a community bank with about $500 million in assets.
OPPORTUNITY / CHALLENGE
What challenge were you trying to address with Anchour?
We’d never had a strategic marketing plan or ventured into that realm of marketing, so we started working with Anchour to build a really strategic website. Our old website was really outdated, but Anchour helped bring us to this generation and gave us the website that our customers deserved. We also needed some rebranding, so they helped us come up with a new logo, color palette, brand messaging, and more.
SOLUTION
What was the scope of their involvement?
Our process with Anchour started with a comprehensive industry analysis, which included surveys that went out to our customers, target demographics, and employees. This effort helped map our brand strategy and figure out what mattered the most to our customers. Then, they compiled that research along with some other market research they had access to, and they created a PowerPoint presentation.
We went through that presentation, where they showed us how our current customers and our target demographic looked. They also gave our customers personalities and showed us who would be better to market to.
Once we figured out our brand strategy, we went into a brand design phase, where we did market research to find which colors resonated the most with our target audience. We looked at the other banks in our market to figure out how to use our look to set us apart from them and be more competitive.
We went through different phases of the design strategy, where Anchour showed us different logo and color palette options through PowerPoint presentations. If we had any feedback, they would come back with another round of revisions, and we kept iterating until we were satisfied with our branding.
After the branding process, we moved into the deliverables phase. Anchour put together our colors and logo to make different sign mockups, our business cards, a letterhead, and every other collateral that could have our branding on it. They also gave us everything we needed to keep updating our collateral with our new branding going forward.
Then, they used WordPress to build our website, as well as different variations of the Adobe Suite to show us the designs. They integrated different gravity forms so that our customers could ask questions and fill our forms right on our website instead of waiting for a separate email and handling external documentation. Additionally, they integrated different calculators on the website using another vendor’s technology.
Anchour has really helped us get on the right path regarding our strategy, and we’re looking forward to starting another project with them in the near future. Now, we will be starting a strategy session soon, where they’ll help us develop an overarching brand strategy for our bank, and they will help us lay out our budget.
What is the team composition?
We work directly with a very helpful project manager and a person who works underneath her, acting as an assistant project manager. I’ve also talked to the owner, two separate web developers, and a copy editor, so I’ve had contact with 5–6 people from Anchour in total.
How did you come to work with Anchour?
In 2020, right before COVID-19 started, our long-term marketing director was retiring quite suddenly, so we looked for guidance from an outside company for a little while before she left. She had also been looking around for marketing companies that could help us, focusing on those that weren’t specifically bank marketers, so she was the one who pitched Anchour to us.
We had seen some of their work previously, and they were the second company that we talked to. We had a few meetings with them, and we really liked their energy and the different feel that they would bring to the table, which was why we ultimately decided to go with them. We trusted that they would create something new and fresh for our branding and messaging.
How much have you invested with them?
Including the website and the new branding, we’ve spent around $115,000.
What is the status of this engagement?
We started working together in September 2020, and our partnership is ongoing.
RESULTS & FEEDBACK
What evidence can you share that demonstrates the impact of the engagement?
The new branding hasn’t been out for too long — we just launched our first ads in September 2021. However, we’ve heard impressive feedback from customers and advertisers, who have told us that our new look is clean, crisp, and modern. The new website is also much more user-friendly, and customers are very happy with how easy it is to find all of the information they need.
How did Anchour perform from a project management standpoint?
We really like that Anchour uses a lot of different tools to manage the project. They use Monday.com, so we always know where things are in the timeline. It has also been easy to see where things held up, whether something is taking longer than expected or there is an answer we need to find.
We also use Box.com to manage and share files, Notion to communicate in real time and make edits, and BugHerd to comment about the website wireframes and ask for edits. We also use email when needed.
Anchour has also done a great job touching base with us, reaching out, and offering their help. As this is a new realm for us, they’ve walked us through every step of the plan.
From a communication standpoint, I had never worked with a company as communicative and open as them. Whenever we have a question, they’re very thoughtful and take the time to make sure that we understand their answer and get everyone on the same page.
What did you find most impressive about them?
Anchour’s collaboration and willingness to hear us are impressive. They don’t come up with all of the ideas; they really listen to what we have to say and take our feedback into consideration. They’re also very receptive and work hard to bring our visions to life.
It has been a great learning experience because Anchour is a really great communicator. They do a really good job of being clear about the objectives, which is also helpful.
Are there any areas they could improve?
It would be good if Anchour improved the frequency of the communication. There have been deadlines that we’ve fallen behind, and we’ve had to wait a couple of days to hear back from them. However, we sometimes take a long time to get back to them, too. Additionally, I know that we’re all busy, and I don’t expect them to hold our hand all the time.
Do you have any advice for potential customers?
Go in with an open mind. Marketing can be very subjective at times, so ask all of the questions you need because Anchour is a subject matter expert, and they’ll answer any questions. Additionally, don’t assume that they know exactly what you’re trying to do or what your business does, and explain your business goals clearly.
RATINGS
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Quality
4.5Service & Deliverables
"Their deliverables are impressive, but the descriptions of the deliverables are a little vague sometimes."
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Schedule
4.5On time / deadlines
"We’ve missed a few deadlines, but they’ve completed everything."
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Cost
5.0Value / within estimates
"Marketing is usually expensive, but they provide us with invaluable support."
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Willing to Refer
5.0NPS
"I recommend them 100%.