January 30, 2015 5:41 AM ET


Company Overview of Beneficial Mutual Savings Bank

Company Overview

Beneficial Bank provides banking products and services. It offers personal banking products and services that include checking accounts, savings accounts, time deposits/individual retirement accounts, money market accounts, and foreign currency service; and home equity loans, personal loans, auto loans, student loans, and lines of credit, lines of credit, and small business administration loans. The company also provides business loans, individual business accounts, non-profit banking services, special business packages, online business banking services, business cash management services, and digital deposit services. Beneficial Bank was formerly known as The Beneficial Saving Fund Society O...

530 Walnut Street

Philadelphia, PA 19106

United States

Founded in 1853





Key Executives for Beneficial Mutual Savings Bank

Age: 54
Chief Financial Officer
Age: 45
Executive Vice President and Director of Operations
Age: 45
Executive Vice President
Age: 66
Senior Vice President
Compensation as of Fiscal Year 2014.

Beneficial Mutual Savings Bank Key Developments

Beneficial Mutual Savings Bank Seeks Acquisitions

Beneficial Mutual Savings Bank announced a shelf registration on August 21, 2014. Beneficial Mutual Savings Bank must sell a minimum of 46,750,000 shares to complete the offering. In future, Beneficial Bancorp may liquidate its investments and use those funds to finance the possible acquisition of financial institutions or other businesses that are related to banking as opportunities arise, primarily in or adjacent to our existing market areas.

MichaMichael J. Morris to Retire from Board of Directors of Beneficial Mutual Bancorp Inc., Beneficial Savings Bank MHC and Beneficial Bank

On January 17, 2013, Michael J. Morris notified Beneficial Mutual Bancorp Inc. his intent to retire from the Board of Directors of the company, Beneficial Savings Bank MHC and Beneficial Bank, effective upon the expiration of his current term at the company’s 2013 annual meeting of shareholders.

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