Beneficial State Bank

BankingCalifornia, United States201-500 Employees

Beneficial State Bank operates as an FDIC-insured Community Development Financial Institution that serves businesses, nonprofit organizations, and individuals. Founded in 2007 and based in Oakland, California, it pursues economic and environmental sustainability through a triple-bottom-line approach to community and environmental banking.

It emphasizes fair, transparent, and sustainable banking products and services aimed at catalyzing positive change in underserved communities. Its vision, referred to as Beneficial Banking, seeks broader access to financial services for vulnerable groups, long-term prosperity for responsible consumers, and contributions to financial system stability and environmental sustainability. In 2017, the bank promoted Matt Anderson to director of nonprofit banking, signaling ongoing efforts to develop services for nonprofit customers.

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