Beneficial State Bank

We want to take a moment to express our sincere gratitude for your patience during the transition to our new technology platform. While our Online Banking system is now live, we acknowledge that the journey hasn’t been without its challenges. We apologize for the longer-than-usual wait times some of you may still be experiencing when reaching out to our customer service team. We’re committed to resolving every issue to ensure you have seamless access to your banking services moving forward. You can reach our call center Monday to Friday, 8 AM to 6 PM, at 888-326-2265. If you are waiting on hold, we recommend selecting the call-back option to keep your place in line and one of our team members will return your call. You all deserve the best, and we’re dedicated to providing just that. Thank you for sticking with us through this transition. 🫶 For all of the latest updates: https://lnkd.in/gSM_u8D5 Beneficial State Bank Member FDIC | Equal Housing Lender

Meet Lucy De Leon, food entrepreneur and owner of Salsas Locas, a Mexican eatery in Portland, Oregon. Lucy’s journey from her family’s kitchen to owning a thriving restaurant is truly inspiring. Her dedication to preserving her heritage and feeding her community shines through every dish. We are overjoyed to have played a part in helping Lucy secure a permanent location for Salsas Locas through an SBA loan. Lucy’s story is a testament to hard work, determination, and the power of community support. She continues to make authentic Mexican food accessible, from school cafeterias to local nonprofits. ❤️ Join us in celebrating Lucy’s incredible journey and the delicious food at Salsas Locas! 🍴🎉 Read the full story on our blog: https://lnkd.in/d6qVbHA8 #ClientSpotlight #SmallBusiness #PortlandEats #BeneficialBanking Beneficial State Bank Member FDIC | Equal Housing Lender

We had an amazing experience at Net Zero 2024 last week, including hearing our very own Manny Barragan deliver an inspiring talk on the pivotal role financial institutions play in accelerating climate action. As a B Corp bank and CDFI, we are passionate about promoting sustainable banking models where our planet is always a key stakeholder 🌎. A special shout-out to RAVI S MIKKELSEN of Atmos Financial for being part of this important conversation and championing climate-conscious financial practices alongside us! The annual Net Zero Conference, organized by Verdical Group, brings together climate leaders to reimagine the built environment and drive towards a net zero future. A big thank you to everyone who made this event possible! #NetZeroConference Beneficial State Bank Member FDIC | Equal Housing Lender

Did you know that nearly 90% of adults in the U.S. feel unprepared to call their own financial shots? For most Americans, financial literacy is a huge challenge; but for people impacted by the criminal legal system, the obstacles are even greater. More than half of system-impacted people had essentially no income in the years leading up to their incarceration, and roughly a third had no bank account - that’s three times higher than the national average. Every year, tens of thousands of people are leaving prison with far too few tools or skills to establish the financial security that is critical to successful reentry.     Good financial education can change the direction of someone’s reentry journey. That’s why Beneficial State Bank and Impact Justice are teaming up to provide financial education to people returning from prison.  We’re helping people learn how to establish a credit history, create and manage a budget, and build their savings - because we know that when banks fulfill their community investment promises, everyone benefits.      Read the full article on American Banker: https://lnkd.in/deRY5rbF Beneficial State Bank Member FDIC | Equal Housing Lender 

We had the privilege of touring our client Street Roots’ new building in downtown Portland, currently undergoing major renovations. Street Roots, a nonprofit, publishes a weekly social justice newspaper sold by individuals experiencing homelessness and poverty, providing them with an income source. In desperate need of a larger space, Street Roots’ new multi-story building exceeds expectations. It features thoughtful details like a wheelchair charging station, spacious showers, laundry facilities, and a serene rooftop patio. The entire space is designed to provide a safe, inclusive environment where the people they serve can experience dignity and a sense of belonging. The tour included Kaia Sand, Executive Director at Street Roots, Randell Leach, CEO at Beneficial State Bank, and Terra Neilson, CIO at Beneficial State Bank. Thank you, Street Roots, for your incredible work in our community. Your efforts are truly inspiring and serve as a model for the rest of the country. We are proud to be your banking partner and ally as we work together towards a fair and just economic future for all 🧡 Learn more about Street Roots: https://lnkd.in/g9t7nvFq Beneficial State Bank Member FDIC | Equal Housing Lender

We’re thrilled to highlight, Beatriz Acevedo, one of the leading inspirational voices and Latina entrepreneurs in the United States. As a board member at Beneficial State Bank, Beatriz brings her passion for empowering the next generation of Latino leaders. From winning three Emmys to co-founding mitú, her dedication to financial inclusion and social impact is unparalleled. Her latest startup, Suma Wealth, is the leading financial technology company devoted to increasing prosperity, opportunity, and financial inclusion for young U.S.-born Latinos. “Serving on the board of Beneficial State Bank is an incredible honor. I am proud to be part of a financial institution that consistently prioritizes the well-being of our communities and our planet. Beneficial State Bank’s commitment to balancing profit with purpose aligns deeply with my own values, and I’m excited to continue working alongside a team dedicated to fostering financial inclusion and social impact.” – Beatriz Acevedo. Join us in celebrating Beatriz’s incredible journey and her contributions to our community! 💪🌍 Read more: https://lnkd.in/g-SNqn6s #BoardMemberSpotlight #BeneficialBanking Beneficial State Bank Member FDIC | Equal Housing Lender

This September and October, we proudly celebrate the vibrant culture, history, and contributions of the Latiné and Hispanic communities. At Beneficial State Bank, we recognize that our collective success is built on the unique perspectives and experiences each of us brings to our organization. As we reflect on the richness of these cultures, let’s continue to embrace the values of respect, inclusion, and equity that define who we are as an organization. Together, we are building a stronger, more vibrant future for all. Thank you to our Latiné and Hispanic colleagues for your leadership and contributions! 🌎 #LatinéHeritageMonth #HispanicHeritageMonth #CelebrateDiversity #BSBCommunity #Inclusion #Equity #SocialJustice Beneficial State Bank Member FDIC | Equal Housing Lender

Banks can play a crucial role in combating climate change. Check out this insightful Forbes article on practical and effective ways banks can reduce their carbon footprints, including a quote from Monique Johnson our Director of Client & Community Partnerships: https://lnkd.in/e6gnYdE9 One significant way banks can reduce their carbon footprint is by optimizing their lending portfolios. We take pride in financing projects that benefit the environment and consciously avoid supporting harmful industries like fossil fuels. Let’s work together for a greener future! 🌍🌱 #SustainableBanking #ClimateAction #GreenFinance #BeneficialBanking Beneficial State Bank Member FDIC | Equal Housing Lender

We’re proud to announce that Manny Barragan VP, Client & Treasury Manager at Beneficial State Bank, will present at this year’s Net Zero Conference on September 18th! Alongside Ravi Mikkelsen, Co-Founder at Atmos Financial, Manny will be diving into the topic of green banking in their presentation, “Accelerating Climate Action: The Critical Role of Financial Institutions.” The 11th annual Net Zero Conference, presented by Verdical Group, has been convening climate leaders for over a decade to re-envision a decarbonized and net zero built environment. We hope to see some of you there! https://lnkd.in/gRhDFVM Beneficial State Bank Member FDIC | Equal Housing Lender

We’re proud to take a stand for community investment and financial equity by opposing efforts to block the modernization of the Community Reinvestment Act (CRA). “Historically there's been a one-sided relationship between banks and low-income communities. Banks would take deposits from residents and businesses there, offering minimal interest in return, but they frequently denied loans or provided high-interest, predatory loans to people in those same areas. When the CRA passed in 1977, Congress directed regulators to issue binding evaluations of how effectively banks lend to low- and moderate-income individuals.” Read more and hear from our CEO, Randell Leach, about the ongoing CRA lawsuit and our involvement in advocating for fairer financial practices: https://lnkd.in/gZNw5ffP Beneficial State Bank Member FDIC | Equal Housing Lender