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Category: Financial Services
Brand: First Horizon Bank
Source: Tammy Driggers, Georgia President; Jennifer Castanet, Director of Marketing

Sponsorship Activities: First Horizon announced last week an almost “11-year deal” to become the naming rights sponsor of Atlanta’s Philips Arena Club Level. The package has been reported by the Atlanta Business Journal to be up to $1 million annually. The deal is the largest package under the First Horizon umbrella. Other deals involving both the First Horizon brand and its First Tennessee Bank National Association brand include packages with Bristol Motor Speedway, the Chattanooga Lookouts, Memphis Grizzlies, Nashville Predators, Class AAA Nashville Sounds and the University of Tennessee.

Sponsorship Objectives: While its parent company, First Tennessee Bank has 45 percent awareness in Tennessee, the First Horizon brand has to use its sponsorships to increase brand awareness, a challenge that many new bank names face. The branding elements represented by the naming of the Philips Arena club packaged with the branding on signage, French fry wrappers and staff shirts are all part of this awareness objective.

Target Audience: For its sports sponsorship spending, First Horizon’s priority is to attract a high-end attendee. Driggers said equal attention is paid to both prospective and existing clients in its strategy.

BANK OF AMERICA ANALYSIS
Source: Scarborough Research

Adults 18+ (205,472 respondents) – Release 1, 2006 – Scarborough Multi-Market

Banks HHLD uses (primary bank): Bank of America

  • Bank of America customers are golf fans.

    - Bank of America customers are more likely relative to market average to be Very Or Somewhat interested in:

    1. Major League Soccer (MLS) - 45% more likely than market average to be Very OR Somewhat interested in MLS
    2. Men’s Golf (PGA) - 10% more likely than market average to be Very OR Somewhat interested in the PGA
    3. National Basketball Association (NBA) - 8% more likely than market average to be Very OR Somewhat interested in the NBA.
    4. Ladies’ Golf (LPGA) - 7% more likely than market average to be Very OR Somewhat interested in the LPGA
    5. CART/Champ Car racing - 6% more likely than market average to be Very OR Somewhat interested in CART/Champ Car


DID YOU KNOW?

  • 34% of Bank of America customers are Very/Somewhat interested in MLB
  • More than 11.5 million adults who bank with Bank of America are Very/Somewhat interested in the Olympics!!

Top Leisure Activities past 12 months: Bank of America

  • Leisure Activities participated in past 12 months
    1. Gardening – 44%
    2. Swimming – 37%
    3. Photography – 27%
    4. Volunteer Work – 26%
    5. Jogging-Running– 24%

Top DMA’s of Bank of America customers (primary bank): - Market Penetration:

1. Los Angeles - 26% of all adults 18+ living in Los Angeles use Bank of America as their primary bank.
2. Tampa/St. Petersburg – 26%
3. San Francisco/Oakland/San Jose – 25%
4. Miami/Ft. Lauderdale – 25%
5. Las Vegas – 24%


DID YOU KNOW?

  • National average is 12% of all adults in the U.S. have Bank of America as their primary bank!!
  • More than 3.4 million HHLD’s in Los Angeles are banking with Bank of America!!

Scarborough Research
Study: Multi-Market 2006 Release 1 (12 Months only)
Release: Total Weight (February 2005 - March 2006)
Base: Total
Target: Banks HHLD uses (primary bank) (HHLD): Bank of America
Percent of Base: 12.24
Projected: 175176127 Respondents: 205472

  Total Pop. Total % Target Pop. Target % Ind
ex
Horz %
Total 175,176,127 100.0% 21,439,469 100.0% 100 12.2%
Current level of interest in Arena Football League (AFL)
Very Or Somewhat 8,456,922 4.8% 1,078,936 5.0% 104 12.8%
Current level of interest in CART/Champ Car racing
Very Or Somewhat 9,264,734 5.3% 1,201,981 5.6% 106 13.0%
Current level of interest in College basketball
Very Or Somewhat 41,088,670 23.5% 4,612,576 21.5% 92 11.2%
Current level of interest in College football
Very Or Somewhat 53,331,733 30.4% 6,188,633 28.9% 95 11.6%
Current level of interest in horse racing
Very Or Somewhat 17,475,248 10.0% 2,091,122 9.8% 98 12.0%
Current level of interest in IndyCar Series
Very Or Somewhat 16,231,912 9.3% 1,984,740 9.3% 100 12.2%
Current level of interest in Ladies' golf (LPGA)
Very Or Somewhat 12,839,507 7.3% 1,678,718 7.8% 107 13.1%
Current level of interest in Major League Baseball (MLB)
Very Or Somewhat 57,925,646 33.1% 7,363,945 34.3% 104 12.7%
Current level of interest in Major League Soccer (MLS)
Very Or Somewhat 11,374,857 6.5% 2,023,026 9.4% 145 17.8%
Current level of interest in Men's golf (PGA)
Very Or Somewhat 30,770,257 17.6% 4,153,683 19.4% 110 13.5%
Current level of interest in Minor League Baseball
Very Or Somewhat 14,422,092 8.2% 1,757,988 8.2% 100 12.2%
Current level of interest in Monster trucks
Very Or Somewhat 12,665,681 7.2% 1,299,045 6.1% 84 10.3%
Current level of interest in NASCAR
Very Or Somewhat 34,890,999 19.9% 3,587,734 16.7% 84 10.3%
Current level of interest in Nat'l Basketball Assoc (NBA)
Very Or Somewhat 40,416,432 23.1% 5,329,421 24.9% 108 13.2%
Current level of interest in National Football League (NFL)
Very Or Somewhat 76,434,559 43.6% 9,160,810 42.7% 98 12.0%
Current level of interest in National Hockey League (NHL)
Very Or Somewhat 18,535,447 10.6% 2,009,284 9.4% 89 10.8%
Current level of interest in NHRA (National Hot Rod Assoc)
Very Or Somewhat 12,905,460 7.4% 1,378,541 6.4% 87 10.7%
Current level of interest in Olympics
Very Or Somewhat 91,449,094 52.2% 11,554,949 53.9% 103 12.6%
Current level of interest in Pro bowling (PBA)
Very Or Somewhat 8,873,912 5.1% 1,012,049 4.7% 93 11.4%
Current level of interest in Pro Bull Riding (PBR)
Very Or Somewhat 15,171,135 8.7% 1,539,709 7.2% 83 10.1%
Current level of interest in Pro Rodeo
Very Or Somewhat 14,291,980 8.2% 1,492,929 7.0% 85 10.4%
Current level of interest in Supercross/Motocross
Very Or Somewhat 10,595,792 6.0% 1,215,119 5.7% 94 11.5%
Current level of interest in Women's Nat'l Basketball (WNBA)
Very Or Somewhat 10,757,331 6.1% 1,362,320 6.4% 103 12.7%
Current level of interest in WWE (pro wrestling)
Very Or Somewhat 11,793,907 6.7% 1,384,298 6.5% 96 11.7%

 

  Total Pop. Total % Target Pop Target % Index Horz %
             
Total 175,176,127 100.0% 21,439,469 100.0% 100 12.2%
Activities past 12 months: Gardening 80,928,136 46.2% 9,481,197 44.2% 96 11.7%
Activities past 12 months: Swimming 61,886,877 35.3% 7,846,310 36.6% 104 12.7%
Activities past 12 months: Photography 46,277,217 26.4% 5,839,011 27.2% 103 12.6%
Activities past 12 months: Volunteer work 48,220,313 27.5% 5,555,335 25.9% 94 11.5%
Activities past 12 months: Jogging - running 35,198,922 20.1% 5,046,270 23.5% 117 14.3%
Activities past 12 months: Free weights - circuit training 35,507,144 20.3% 4,619,921 21.5% 106 13.0%
Activities past 12 months: Bicycling 38,698,509 22.1% 4,587,195 21.4% 97 11.9%
Activities past 12 months: Bowling 34,134,504 19.5% 3,944,689 18.4% 94 11.6%
Activities past 12 months: Fishing 34,958,720 20.0% 3,606,651 16.8% 84 10.3%
Activities past 12 months: Camping 31,167,839 17.8% 3,196,491 14.9% 84 10.3%
Activities past 12 months: Golf 24,013,220 13.7% 2,998,145 14.0% 102 12.5%
Activities past 12 months: Adult continuing education 23,782,138 13.6% 2,907,088 13.6% 100 12.2%
Activities past 12 months: Sewing - crafts 25,979,795 14.8% 2,866,039 13.4% 90 11.0%
Activities past 12 months: Hiking - backpacking 22,351,581 12.8% 2,735,736 12.8% 100 12.2%
Activities past 12 months: Casino gambling 14,051,830 8.0% 1,802,728 8.4% 105 12.8%
Activities past 12 months: Power boating 13,157,392 7.5% 1,618,655 7.5% 101 12.3%
Activities past 12 months: Tennis 9,821,463 5.6% 1,528,911 7.1% 127 15.6%
Activities past 12 months: Soccer 4,249,920 2.4% 980,721 4.6% 189 23.1%
Activities past 12 months: Snow skiing 7,781,745 4.4% 986,969 4.6% 104 12.7%
Activities past 12 months: Aerobics 4,705,560 2.7% 710,942 3.3% 123 15.1%
Activities past 12 months: Hunting 10,800,772 6.2% 652,945 3.0% 49 6.0%
Activities past 12 months: Basketball 2,361,344 1.3% 543,777 2.5% 188 23.0%
Activities past 12 months: Yoga - pilates 2,626,649 1.5% 407,018 1.9% 127 15.5%
Activities past 12 months: Snowboarding 2,371,615 1.4% 346,495 1.6% 119 14.6%
Activities past 12 months: Sail boating 1,659,324 0.9% 341,011 1.6% 168 20.6%
Activities past 12 months: Riding personal watercraft 2,364,121 1.3% 314,881 1.5% 109 13.3%

 

Copyright Scarborough Research 2006
No definitions subject to reliability notification
This exported report is not MRC accreditable




This story was originally published on December 1, 2006.

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