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Previous: Financial Times promotion | Main | Next: Target cart corral
September 7, 2006 12:03 AM
Broken: Bank name
Brit Indrelie spotted the "Fifth Third Bank" in Traverse City, Michigan.
Would that make it the fifteenth bank?
Exactly. It's a bank for the first two thrids of the second. It's somewhere between the first bank and the second bank.
More seriously, I'd venture a guess that this bank is the result of a merger between the fifth bank and the third bank.
Sounds like a five-way tie for Third (or maybe the bank was a little embarrassed about being the Seventh).
There is nothing broken about it. This bank has been around and using that name for almost 100 years.
From WikiPedia: "Fifth Third's unusual name is the result of the June 1, 1908 merger of two banks, The Fifth National Bank and The Third National Bank, to become The Fifth Third National Bank of Cincinnati."
The Straight Dope actually explained this quite well (see http://www.straightdope.com/columns/020118.html for the scoop).
The REAL question is not why there was in the past First, Second, Fourth National Banks, but why they are ALL First National Banks or Churches now. I mean, they can't ALL be first! What's the deal with everybody claiming to be first so much that it has come to mean nothing at all?
Oh, this is most certainly broken. Just because it has existed for many years, doesn't make it not broken.
The best we can hope for is that this bank gets bought by some other bank, whose nonsensical name will illicit less scratching of heads. It has to be really annoying working there (especially PR) and having to deal with all the questions about the name.
"The best we can hope for is that this bank gets bought by some other bank, whose nonsensical name will illicit less scratching of heads."
Clearly, what Cincinnatti needs instead of a bank buying the naming rights to a sports stadium, is to have one of their sports teams buy the naming rights to this bank. Then it can be, e.g., BengalBank.
this is not funny, how customers suposed to gain trust to bank with such name, is they a regulatory body that suppose to oversee such initiations. An I am just curious what possble marketing capmpaign they would construct around such name ? what moto word and slogan they can choose? any info on that, is there any ?
"The best we can hope for is that this bank gets bought by some other bank, whose nonsensical name will illicit less scratching of heads."
Chase already has "One" in their composite title from acquiring Bank One (JP Morgan Chase One). Going with Reed's suggestion, it would become the JP Morgan Chase One and Two Thirds Bank.
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No, no, no, it would be the 1.66th bank (judging by the fraction)!
Posted by: Daniel Bathgate at September 7, 2006 01:32 AM