Consistently, we strive to be a bank that is “beneficial” to people and the planet as opposed to extractive. Our truly unique ownership model helps ensure we act in the best interests of these constituents. All of the economic rights of Beneficial State Bank are owned by our non-profit, Beneficial State Foundation, which is mandated to re-invest all profits, whenever distributed, back into the low-income communities we serve and the environment upon which we all depend. In our theory and experience, this ownership model aligns our incentives with the triple bottom-line and the values of our bank customers. At the same time, it protects the bank from the pressures of private shareholders to insist upon profit maximization that often comes at the expense of our triple bottom-line values. This model ensures more beneficial outcomes for all.
Sign up and receive the latest updates about events and NBIS member happenings.