Member FDIC. Equal Housing Lender.
Impact Report
Why We Report Our Impact
At its core, Beneficial Banking™ means using finance as a force for good—creating positive impact for communities and the planet, while doing no harm.
Accountability and integrity are central to that mission. As part of one of the world’s most influential industries, we believe banks have a responsibility to lead with radical transparency—not just sharing intentions, but showing outcomes. That’s why we’re constantly evolving how we measure and communicate our impact.
Our annual Impact Report offers a clear, honest look at what your money is doing while it’s with us—holding us accountable to our values and pushing us to expand the role Beneficial Banking™ can play in addressing society’s most pressing challenges.
See the Power of Ethical Banking
2024 was a pivotal year for Beneficial State Bank. We continued serving our communities with care, modernized our technology, strengthened our mission framework, and laid the groundwork for deeper, lasting impact.
Explore the latest Impact Report to see exactly how your collective $1 billion in deposits helped fuel economic mobility and environmental regeneration across the West Coast.
As the nation navigates sweeping shifts in economic, social, and environmental priorities, our mission endures amid adversity. Beneficial State Bank was purpose-built for this moment. No matter the challenges, we remain steadfast in our journey to build a model for an economy that restores our planet and extends prosperity to all. We are invested in our collective future. The choices we make today—how we stand up for people, the environment, and our shared values—carry lasting consequences.
Randell Leach, CEO, Beneficial State Bank
Highlights from 2024
of originated loans directly served our mission.
of our lending went to fossil fuels, private prisons, or other harmful industries.
in deposits were held from over 17,000 accounts.
of originated loans supported economic mobility and community engagement activities.
of originated loans supported low-income communities.
of originated loans supported small businesses.
in outstanding loans supported the environmental sector.
in outstanding loans supported the affordable housing sector.
