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Article: Pow! Puget Sound's ad blitz boomerangs. (Puget Sound Bancorp)
- Article from:
- American Banker
- Article date:
- March 27, 1992
- Author:
CopyrightCOPYRIGHT 1992 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Puget Sound Bancorp for years tweaked its competitors by promoting itself as "the last major independent commercial bank left around here."
The claim underscored the fact that by 1989, out-of-state banks had bought all of Washington State's big banks - except for Tacoma-based Puget Sound.
But two weeks ago, Puget Sound's number came up. And scarcely had the ink dried on the company's agreement to sell out to Albany, N.Y.- based KeyCorp before rival banks began to throw the independence theme back in its face.
Turnabout Is Fair Play
U.S. Bank of Washington, a unit of Portland, Ore.-based U.S. Bancorp, promptly took out a two-page ...