Since our inception, Beneficial State Bank has been committed to dismantling social and environmental injustices through our mission-driven banking model.
For banking to be a powerful force for good, businesses, organizations, and individual people must come together around shared values and embrace our agency over where and how we bank. And in 2022, our customers did just that. We invite you to dive into our 2022 Impact Report to see how, together, we supported people and the planet through Beneficial Banking™.
$601.4 million in lending (over 70% of our total lending portfolio) directly served our mission
$1.36 billion in deposits
39% of our commercial deposit dollars were held by nonprofits
$337.1 million in outstanding loans to the Affordable Housing sector
$144.1 million in renewable energy lending since 2007
Read the full report to see who we lend to, hear from our customers, learn about our carbon footprint, and more.
Why Report Our Impact?
As a bank on a mission to support people, communities, and the planet, reporting our impact is immensely important to us. We value transparency and holding ourselves accountable, and we continuously challenge ourselves to eliminate the gap between commitments and the arduous journey toward justice. We invite our readers to explore our impact efforts in our quest for continuous learning and improvement.
Want to become part of the impact? Learn how to switch your bank today.