The rollout of the strategy will be at the wedding of the daughter of CEO Ebenezer J. Fine this June. While this may not turn out to be the optimal size and style of wedding chosen for the strategy, it is expected to provide meaningful metrics on the efficacy of the strategy due to the extensive guest list with over fifteen hundred invitees.
Marketing analysts for the Bank anticipate that almost any potential problems which could arise during the life of the program will be revealed by a wedding of this magnitude as even fairly large weddings are rarely more than a fifth this size.
The strategy marries to the marketing effort the opportunity to bring brides the wedding of their dreams at a greatly reduced cost to their families.
Under the program, each guest receives free checking for any account opened with $250. They also receive a free session of investment consulting and three free trades if they subsequently open an investment account. These offers are expected to allow most guests to more than recoup the cost of their wedding gifts to the couple.
More than 2.25 million weddings take place each year in the United States alone, with an average of 180 guests. Fine Bank expects to reach over 80% of the adult population with the program. If the program proves to be as successful as anticipated it could be replicated worldwide through Fine Bank International.
In addition to the financial gifts each guest will receive a portfolio with the Fine Bank logo in which to keep their important papers. The logo will also appear on the centerpieces.
While other banks and business are expected to jump on the gravy train when the program proves to be successful, the Bank expects those efforts to inure to its benefit as well since the only requirement of participating in the program is that invitations and signage conclude with the words: A Fine Bank Weddingยฎ.
Mr. Fine declined to put a figure on the value of the program, although he expects to completely recover the costs of his daughter's test wedding.
Upon reading our "press release" my mother looked aghast and her mouth hung open. My father's sickly color did not improve.
"Uh, could I have some time to discuss this with Joanne?" he asked.
Jeff looked to me as if for consent and then said, "Of course, sir. We introduced a few additional ideas and I know this is probably not exactly the way it would be done by a public relations professional, so why don't we leave you to review it? We'll go out for lunch and return in around two hours."
Dad muttered his assent and Jeff, Sunny and I went out to the car and drove off.
Sunny was the first to speak.
"That bordered on torture. It was cruel and entirely appropriate, sorry Ashley."
"No need to be sorry. I helped Jeff put it together."
I was almost giddy. Jeff drove with a determined look on his face.