Carver Bank Case Study — Concept 2
Financial Services
Carver Bank Logo
Carver Federal Savings Bank

Raising deposits in NYC's most competitive banking market.

Carver Federal Savings Bank, a mission-driven community bank, needed to drive deposit account growth both in-branch and online — and walk away with a smarter playbook for every campaign that followed.

$22M
New Deposits
in 12 Weeks
The Client
The Insight
The Solution
The Work
The Results
01 · The Client

A mission-driven bank in the nation's toughest market.

Carver Federal Savings Bank, a mission-driven community bank, needed to drive deposit account growth both in-branch and online in the nation's toughest banking market. Beyond hitting near-term goals, Carver wanted a smarter playbook: real insights to sharpen targeting and strategy for every campaign that followed.

ClientCarver Federal Savings Bank
VerticalFinancial Services
Campaign Length12 Weeks
ProductsCDs, Money Market, Checking
02 · The Insight

Carver couldn't win by shouting louder.

In a market crowded with national banks outspending community players many times over, winning meant reaching the right high-opportunity audiences with the right offer at the right moment and letting real-time data guide every next move.

NATIONAL BANK
OUTSPENDING
MASS REACH
BROAD MEDIA
LOUDER
The Old Way
Shout Louder.
Carver's Way
Right Audience.
Right Offer.
Right Moment.
03 · The Solution

A data-driven, omnichannel media program.

We built a data-driven, omnichannel media program designed to test and learn from day one. Working under Carver's refreshed brand idea, "Banking for Real Impact," we systematically tested media mix, offers, and creative across CDs, Money Market, and Checking products — turning each week of the campaign into a sharper version of the last.

CDs
Money Market
Checking

"Turning each week of the campaign into a sharper version of the last."

04 · The Work

The Creative.

Carver Bank Display Ad
Carver Bank Display Ad
Digital Display
Carver Bank Stacked Display Ad
Carver Bank Display Ad
Digital Display
Carver Bank Eblast
Carver Bank Eblast
Email Marketing
Carver Bank Commercial
Carver Bank Commercial
Video
05 · The Results

Marc Winkler said it best.

In my 45 years as a CFO and COO in Banks, I have worked with many Agencies, but Princeton Partners is the only one that truly understands Banking.

— Marc Winkler, Chief Administrative Officer, Carver Bank
The Results, Itemized

A 12-week statement.

Carver Federal Savings Bank
12-Week Deposit Campaign · Princeton Partners
New deposits raised$22,000,000
Classified as new money to the bank50%
Cost per new account, Week 1 → Week 10↓ 29%
Cost per new account vs. national average↓ 36%
Deposits vs. national average↑ 151%
Blueprint for future campaigns

Just as importantly, Carver walked away with a proven blueprint for future deposit campaigns.

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