News > Account Activity
SaveE-mailPrintMost PopularRSSReprints

Citizens Bank Creative in Play

Incumbent Arnold is defending in Pile + Co.-led review

Oct 13, 2009

- Andrew McMains


NEW YORK Citizens Bank is holding a review for creative chores on its ad account via Pile and Co. in Boston, the consultancy has confirmed.

The client spent $12 million on ads last year and $10 million through the first seven months of 2009, per Nielsen.

Havas-owned Arnold in Boston, the longtime incumbent on the account, is defending, Pile said. Agency executives could not immediately be reached for comment.

A Citizens decision is expected in early December.

Media chores are not included in the current competition. WPP Group's MediaCom oversees buying for Citizens and its parent, the Royal Bank of Scotland. The shop added Citizen's media last year from Arnold sibling MPG.

Among Arnold's higher-profile work of late for the client was its Green$ense campaign designed to convince customers to sign up for paperless banking services. That work broke about a year ago. Arnold has endured a rough 2009, bidding farewell to Choice Hotels and RadioShack amid several rounds of layoffs, while notching only modest new-business gains.

Citizens' performance has been damaged by the recession, with the bank reporting a $59 million loss for Q2, following a $36 million loss in the first quarter. Deteriorating loans are to blame.


Citizens Bank Creative in Play

Incumbent Arnold is defending in Pile + Co.-led review

Oct 13, 2009

- Andrew McMains


NEW YORK Citizens Bank is holding a review for creative chores on its ad account via Pile and Co. in Boston, the consultancy has confirmed.

The client spent $12 million on ads last year and $10 million through the first seven months of 2009, per Nielsen.

Havas-owned Arnold in Boston, the longtime incumbent on the account, is defending, Pile said. Agency executives could not immediately be reached for comment.

A Citizens decision is expected in early December.

Media chores are not included in the current competition. WPP Group's MediaCom oversees buying for Citizens and its parent, the Royal Bank of Scotland. The shop added Citizen's media last year from Arnold sibling MPG.

Among Arnold's higher-profile work of late for the client was its Green$ense campaign designed to convince customers to sign up for paperless banking services. That work broke about a year ago. Arnold has endured a rough 2009, bidding farewell to Choice Hotels and RadioShack amid several rounds of layoffs, while notching only modest new-business gains.

Citizens' performance has been damaged by the recession, with the bank reporting a $59 million loss for Q2, following a $36 million loss in the first quarter. Deteriorating loans are to blame.


Post a Comment
Asterisk (*) is a required field.
* Author:
* Comment:
 
The opinions expressed in comments are those of the individual poster. They do not necessarily reflect the views of Adweek or Nielsen Business Media. Attacks of a personal nature and comments that are otherwise inappropriate may be removed.


Our ProductsOur Products

ADWEEK DAILY UPDATE

Receive a comprehensive roundup of the biggest stories of the day.

SUBSCRIBE

Stay connected to what's happening in the advertising industry with delivery of the print edition and complete online access.

More VideosVideo





Adweek Advertising Home | Advertising Industry News | Creative TV Advertising | Advertising Industry Community | Video Advertising | Advertising Data Center | Advertising Special Reports | Advertising Careers | Advertising Products | Advertising About Us | Advertising Business Statements | Advertising Contact Us | Advertising Opportunities | Ad Licensing | Advertiser FAQ | Advertising Magazine Subscriptions | Advertising News RSS | Online Ad Site Map | Mobile

© 2010 Adweek. All rights reserved. Terms of Use  |   Privacy Policy