Beneficial State Bank

Beneficial State Bank (Beneficial State) has 7 branches throughout California, Oregon, and Washington, including access to over 70,000 surcharge-free ATMs. They offer checking, savings, loans, credit cards, online and mobile banking, and everything else you’d expect from a bank—but they exist to serve your prosperity and goals, not to profit from them.
  • Website: https://beneficialstatebank.com/
  • Company Size: 51-200 employees
  • Industry: Banking
  • Locations: Oakland, CA

Beneficial State Bank, is an FDIC-insured Community Development Financial Institution (CDFI) that serves businesses, nonprofit organizations, and individuals.

Founded in 2007, Beneficial State Bank, focuses on economic and environmental sustainability and takes a triple-bottom-line approach to community and environmental banking. We believe that a healthy environment is necessary for economic prosperity. We also believe that we can be a catalyst for positive change in our communities by providing fair, transparent, and sustainable banking products and services.

Our vision is of a banking industry that is fair to the person with the least bargaining power; provides access to financial services for all our communities, particularly the traditionally under-served; results in the long-term prosperity of responsible consumers; promotes financial system stability; and contributes to the sustainability of the environmental commons. We call this vision beneficial banking.

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