Beneficial State Bank

Beneficial State Bank

Banking

Oakland, CA 9,946 followers

Values-based bank and certified B Corporation committed to #BeneficialBanking. Privacy policy: http://bit.ly/1sd12Vr

About us

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 underserved; 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.

Website
http://www.beneficialstate.com
Industry
Banking
Company size
201-500 employees
Headquarters
Oakland, CA
Type
Privately Held
Founded
2007
Specialties
Commercial Lending, Multifamily Lending, Small Business Financing, Checking & Savings Accounts, Affinity Credit Cards, and Auto Loans

Locations

Employees at Beneficial State Bank

Updates

  • View organization page for Beneficial State Bank, graphic

    9,946 followers

    Beneficial State Foundation’s latest Underwriting for Racial Justice meeting focused on lending to Native American communities, highlighting unique challenges and innovative solutions from the perspective of Native American community development leaders.  Thank you to all the panelists who participated in this great session. Conversations like these are pivotal in our collective pursuit of a future where economic justice is universally accessible. You can view the recording on the Beneficial State Foundation website: https://lnkd.in/gwNucfX9 #URJ #EconomicJustice  Beneficial State Bank Member FDIC | Equal Housing Lender 

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    1,694 followers

    Our latest Underwriting for Racial Justice (URJ) quarterly meeting offered an opportunity to learn from those working directly with Native American communities. The discussion featured insights from four impressive panelists: Darkfeather Ancheta from 1st Tribal Lending, Agnetha Jaime Gloshay from Common Future, Shannon Ward from Native American Bank, N.A., and Tamra Marlowe from the Chehalis Tribal Loan Fund. Each panelist shared their expertise, offering practical strategies to enhance access to capital and support Indigenous economic development. Our panel referenced the pictured quote from NDN Collective multiple times, recognizing that Indigenous wealth cannot be measured merely in dollars. Watch the recording, access resources, and sign up for the next meeting here: https://lnkd.in/gwNucfX9 #URJ #EconomicJustice

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    9,946 followers

    Missed our Future of Philanthropy Fireside Chat? No worries! The complete recording is now available on our YouTube channel: https://lnkd.in/gDN3q8wh Dive into the insightful discussion from five remarkable leaders: Valeriana Chikoti Bandua Estes (Social Justice Fund NW), Susan Balbas (NA'AH ILLAHEE FUND), Rachel Jackson (Philanthropy Northwest), Nancy Long (501 Commons), and Kat Taylor (Beneficial State Bank). A big thank you to everyone who joined us for the live event! Beneficial State Bank Member FDIC | Equal Housing Lender

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    9,946 followers

    Today, we honor #Juneteenth, a moment in history that marks the emancipation of the last enslaved African Americans on June 19, 1865. This day is not only a reflection on past injustices but also a reminder of the ongoing struggle against systemic racism that affects credit, and fair lending practices today. We aim to foster an economy that prioritizes equity and ensures that our financial systems are just and inclusive for Black communities and other communities of color across the U.S. In observance of Juneteenth, our branches and Customer Care Center are closed today as we take this time to reflect on our role in this ongoing journey toward economic justice. Together, let's keep pushing for a fair and inclusive future. Happy Juneteenth! Beneficial State Bank Member FDIC | Equal Housing Lender

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    9,946 followers

    Once again, we had an enriching experience at the annual B Corp Leadership Development (BLD) Conference hosted by B Local PDX last week. As a certified B Corp, our commitment to people and the planet is ingrained in our DNA. The opportunity to brainstorm and network with fellow Portland B Corps always leaves us invigorated. The day was packed with illuminating sessions, including a panel discussion with our Chief Impact Officer, Terra Neilson, centered around racial equity. A heartfelt thank you to the team at B Local PDX for consistently making this event a rewarding experience year after year! Beneficial State Bank Member FDIC | Equal Housing Lender

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    9,946 followers

    We had an amazing time at #SeattlePrideinthePark and #FresnoRainbowPride! 🌈 As a bank that believes in the power of diversity, equity, and inclusion, we were thrilled to participate and connect with the LGBTQIA+ community. Thank you, Seattle and Fresno, for making these events memorable. Until next year! @FresnoPride @SeattlePride #BeneficialBanking #CommunityFirst #CommunityBank Beneficial State Bank is Member FDIC | Equal Housing Lender

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    9,946 followers

    What an incredible day at the Grand Reopening of AltaSea at the Port of Los Angeles! Beneficial State Bank is proud to join the celebration of innovation and commitment to our oceans' sustainability. 🎉 From cutting-edge research showcases to engaging discussions with marine experts, the event was a deep dive into the future of ocean health and technology. We're thrilled to support these efforts through our dedicated loan production office at AltaSea, helping to fund the innovative solutions that will lead us toward a sustainable future. Beneficial State Bank is Member FDIC | Equal Housing Lender

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  • View organization page for Beneficial State Bank, graphic

    9,946 followers

    Huge congratulations to our Board Director, Surjit Chana, for being named one of the "100 AAPI Board Members Making a Difference" by BoardProspects! His impactful leadership in technology, governance, finance, and social responsibility truly embodies our mission of building an economy that works for everyone. Surjit is currently working on a Harvard Fellowship project, focusing on technology's role in societal good and poverty alleviation. He also serves as the Chair of the Board of Directors at Care For the Homeless, is a member of the Global Alliance for Banking on Values Technology Committee, and a Director of his alma mater, the University of Surrey Foundation. Read more about Surjit on our blog: https://lnkd.in/gYAWTUwG #Leadership #SocialImpact #BeneficialBanking Beneficial State Bank is Member FDIC | Equal Housing Lender

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    9,946 followers

    Last week, we had the honor of attending the annual USGBC California Green Building Conference. Our staff had the opportunity to engage in valuable discussions, participate in educational sessions, and network with industry leaders who share our vision of a sustainable future. It was a great platform for us to showcase how our banking services integrate with green initiatives and explore potential collaborations that can further amplify our impact. #GreenEconomy #GoGreen Beneficial State Bank is Member FDIC | Equal Housing Lender

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    9,946 followers

    U.S. small businesses employ about 62 million people and are vital to our economy, yet it can be difficult for them to access affordable and tailored financing. Community banks can be an invaluable resource for small business owners looking for fair financing with a human touch. When we focus on supporting Main Street, we strengthen the backbone of our economy. https://lnkd.in/gvyvFqE7 #SmallBusinessMonth #SmallBusiness #Banking #ShopLocal #CommunityBanking Beneficial State Bank is Member FDIC | Equal Housing Lender

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    9,946 followers

    We're thrilled to welcome our newest board member, Tullus Miller. With over thirty years of diverse experience in the financial services industry, Tullus's extensive expertise encompasses risk management, regulatory compliance, finance, mergers and acquisitions, financial reporting, corporate governance, and strategic planning. Beyond his professional accomplishments, Tullus is deeply committed to community involvement, with a personal passion for promoting economic justice, environmental sustainability, and social impact. Welcome, Tullus! Beneficial State Bank is Member FDIC | Equal Housing Lender

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