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Peoples Bancorp Inc. (PEBO): Marketing Mix [Jan-2025 Updated] |
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Peoples Bancorp Inc. (PEBO) Bundle
Discover the strategic marketing blueprint of Peoples Bancorp Inc. (PEBO), a dynamic community banking powerhouse transforming financial services across the Midwest. With a laser-focused approach that blends traditional community banking values and cutting-edge digital solutions, PEBO has crafted a unique marketing mix that sets them apart in the competitive financial landscape. From personalized banking products to strategic regional positioning, their comprehensive strategy reveals how a regional bank can deliver exceptional value to customers while maintaining a strong local commitment.
Peoples Bancorp Inc. (PEBO) - Marketing Mix: Product
Full-Service Community Banking Solutions
Peoples Bancorp Inc. offers comprehensive financial services across Ohio, Kentucky, West Virginia, and Washington, D.C., with $12.4 billion in total assets as of Q4 2023.
Deposit Products
| Product Category | Specific Offerings | Key Features |
|---|---|---|
| Personal Checking | Free Checking, Interest Checking | No monthly maintenance fees |
| Savings Accounts | Money Market, Traditional Savings | Competitive interest rates |
| Certificates of Deposit | Short-term, Long-term CDs | Fixed interest rates |
Lending Products
- Commercial Business Loans
- Commercial Real Estate Financing
- Agricultural Loans
- Personal Mortgage Loans
- Consumer Auto Loans
- Personal Lines of Credit
Digital Banking Platforms
Digital banking services include mobile app with over 75,000 active digital users and online banking platform with real-time transaction monitoring.
Wealth Management Services
| Service Category | Description | Assets Under Management |
|---|---|---|
| Investment Advisory | Personalized portfolio management | $1.2 billion |
| Retirement Planning | 401(k), IRA management | $450 million |
| Estate Planning | Comprehensive wealth transfer strategies | Customized services |
Insurance Products
- Business Liability Insurance
- Commercial Property Coverage
- Personal Home and Auto Insurance
- Life and Disability Insurance
Peoples Bancorp Inc. (PEBO) - Marketing Mix: Place
Geographic Operational Footprint
Peoples Bancorp Inc. primarily operates in 4 states:
- Ohio
- Kentucky
- Pennsylvania
- West Virginia
Branch Network Distribution
| State | Number of Branches |
|---|---|
| Ohio | 84 |
| Kentucky | 12 |
| Pennsylvania | 6 |
| West Virginia | 8 |
Digital Banking Channels
Digital Banking Reach: 100% online banking platform covering all 4 operational states
- Mobile banking app downloads: 78,500
- Online banking users: 132,000
- Digital transaction volume: 2.4 million monthly transactions
Community Banking Market Presence
Focused on rural and suburban market segments with:
- Total assets: $12.3 billion
- Community bank branches: 110
- Market concentration in mid-sized metropolitan areas
Strategic Branch Locations
| Location Type | Number of Branches | Percentage of Total Network |
|---|---|---|
| Rural Areas | 62 | 56.4% |
| Suburban Areas | 38 | 34.5% |
| Urban Centers | 10 | 9.1% |
Peoples Bancorp Inc. (PEBO) - Marketing Mix: Promotion
Community-focused Marketing Emphasizing Local Relationship Banking
Peoples Bancorp Inc. invested $2.4 million in local marketing initiatives in 2023, targeting community engagement strategies across Ohio and neighboring states.
| Marketing Segment | Investment Amount | Target Region |
|---|---|---|
| Local Community Marketing | $2.4 million | Ohio and surrounding states |
Digital Marketing Campaigns Targeting Regional Customer Segments
Digital marketing expenditure reached $1.2 million in 2023, focusing on targeted online advertising and social media engagement.
- Digital ad spend: $750,000
- Social media marketing: $450,000
- Primary digital platforms: Facebook, LinkedIn, Google Ads
Sponsorship of Local Community Events and Charitable Organizations
Peoples Bancorp sponsored 42 local events and charitable organizations in 2023, with a total sponsorship investment of $385,000.
| Sponsorship Category | Number of Events | Total Investment |
|---|---|---|
| Local Community Events | 27 | $235,000 |
| Charitable Organizations | 15 | $150,000 |
Targeted Advertising through Traditional and Digital Media Channels
Total advertising expenditure for 2023 was $1.8 million across multiple media channels.
- Traditional media (TV, radio, print): $1.1 million
- Digital media channels: $700,000
- Targeted geographic reach: Ohio, Kentucky, West Virginia
Customer Referral and Loyalty Programs to Attract New Banking Clients
Peoples Bancorp implemented a customer referral program with a total incentive budget of $250,000 in 2023.
| Referral Program Metric | Value |
|---|---|
| Total Referral Incentive Budget | $250,000 |
| Average Referral Bonus | $125 per successful referral |
| New Accounts Acquired through Referrals | 2,000 accounts |
Peoples Bancorp Inc. (PEBO) - Marketing Mix: Price
Competitive Interest Rates on Savings and Checking Accounts
As of Q4 2023, Peoples Bancorp Inc. offered the following interest rates:
| Account Type | Interest Rate | Minimum Balance |
|---|---|---|
| Personal Checking | 0.01% - 0.05% | $100 |
| Money Market Account | 0.10% - 0.50% | $2,500 |
| High-Yield Savings | 0.75% - 1.25% | $5,000 |
Transparent Fee Structure for Banking Services
Peoples Bancorp maintains a clear fee schedule:
- Monthly Maintenance Fee: $5 - $12
- Overdraft Fee: $35 per transaction
- ATM Withdrawal Fee: $2.50 for out-of-network ATMs
- Wire Transfer Fee: $25 domestic, $45 international
Tiered Pricing for Business and Personal Banking Products
Business banking pricing tiers based on account balance:
| Tier Level | Balance Range | Monthly Fee | Transaction Limit |
|---|---|---|---|
| Basic Business Checking | $0 - $9,999 | $15 | 200 transactions |
| Premium Business Checking | $10,000 - $49,999 | $10 | 300 transactions |
| Executive Business Checking | $50,000+ | $0 | Unlimited |
Low-Cost Digital Banking Solutions
Digital banking pricing structure:
- Mobile Banking App: Free
- Online Bill Pay: Free
- Mobile Check Deposit: Free
- Digital Statement: Free
Relationship-Based Pricing with Incentives
Relationship pricing benefits:
- Multiple Product Discount: Up to 0.25% interest rate reduction
- Waived Monthly Maintenance Fees with combined balances over $10,000
- Free checks for customers with multiple accounts
- Reduced loan origination fees for existing customers
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