{"name":"Beneficial State Bank","domain":"beneficialstatebank.com","url":"https://optimly.ai/brand/beneficial-state-bank","is_claimed":false,"categories":["fintech-financial-services"],"headers":[{"header":"Overview","sections":[{"key":"short_description","label":"Tagline","shape":"text","content":"Beneficial State Bank is a mission-driven, FDIC-insured community bank that finances positive social and environmental outcomes.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://beneficialstatebank.com","updated_at":"2026-11-07T19:35:48.127129+00:00"},{"key":"description","label":"Description","shape":"text","content":"Beneficial State Bank is a state-chartered, federally insured bank founded to demonstrate an equitable and sustainable model for banking. It provides personal, business, nonprofit, affordable housing, green lending, and B Corp banking services, with branches in California, Oregon, and Washington and B Corp services available nationwide.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://beneficialstatebank.com","updated_at":"2026-11-07T19:35:48.127129+00:00"}]},{"header":"Identity","sections":[{"key":"mission","label":"Mission","shape":"text","content":"To prioritize people, the planet, and long-term financial sustainability through Beneficial Banking™, advancing social justice, environmental sustainability, and prosperity for all. The bank aims to finance beneficial activities while avoiding predatory lending and lending to fossil fuels, private prisons, and weapons manufacturing.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://beneficialstatebank.com","updated_at":"2026-11-07T19:35:48.127129+00:00"},{"key":"leadership","label":"Founders & leadership","shape":"text","content":"Bank leadership includes Shamara van der Voort, Interim Chief Executive Officer and Chief Operating Officer; Mike Fratarcangeli, Executive Vice President and Chief Financial Officer; Richard Harvey, Executive Vice President, General Counsel and Director of Compliance Risk; Mary Lee Sharp, Executive Vice President of Human Capital; and Grant Word, Executive Vice President and Director of Commercial & Business Banking. Kat Taylor is Co-Founder and Board Chair.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://beneficialstatebank.com","updated_at":"2026-11-07T19:35:48.127129+00:00"},{"key":"website","label":"Website","shape":"text","content":"https://beneficialstatebank.com","source_type":"1p_website","source_label":"Brand's website","source_url":"https://beneficialstatebank.com","updated_at":"2026-11-07T19:35:48.127129+00:00"},{"key":"voice_tone","label":"Voice & tone","shape":"text","content":"Mission-driven, inclusive, values-led, community-focused, transparent, and optimistic.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://beneficialstatebank.com","updated_at":"2026-11-07T19:35:48.127129+00:00"},{"key":"founded","label":"Founded","shape":"text","content":"2007","source_type":"1p_website","source_label":"Brand's website","source_url":"https://beneficialstatebank.com","updated_at":"2026-11-07T19:35:48.127129+00:00"},{"key":"parent_ownership","label":"Parent ownership","shape":"text","content":"Beneficial State Foundation, a 501(c)(3) nonprofit, is the founding investor and majority owner/shareholder of Beneficial State Bank. The ownership structure is intended to keep the bank governed in the public interest.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://beneficialstatebank.com","updated_at":"2026-11-07T19:35:48.127129+00:00"}]},{"header":"Offerings","sections":[{"key":"problem_solved","label":"Problem solved","shape":"text","content":"Beneficial State Bank addresses the social and environmental harms associated with conventional banking by providing equitable banking services and directing deposits and lending toward communities, affordable housing, clean energy, small businesses, nonprofits, and other beneficial activities.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://beneficialstatebank.com","updated_at":"2026-11-07T19:35:48.127129+00:00"},{"key":"core_capabilities","label":"Core capabilities","shape":"text","content":"Personal banking accounts and services\nBusiness banking and treasury services\nNonprofit and foundation banking\nAffordable housing banking and lending\nGreen lending for renewable energy and green buildings\nB Corp banking\nCommercial, small business, and SBA lending\nOnline and mobile banking","source_type":"1p_website","source_label":"Brand's website","source_url":"https://beneficialstatebank.com","updated_at":"2026-11-07T19:35:48.127129+00:00"},{"key":"products","label":"Products / SKUs","shape":"text","content":"Personal checking accounts\nPersonal savings accounts, money market accounts, CDs, and IRAs\nPersonal credit cards\nAuto loans and refinances\nBusiness checking accounts\nBusiness savings accounts, CDs, money markets, and IOLTAs\nBusiness lending, including affordable housing, nonprofit, commercial, small business, and SBA financing\nBusiness credit cards","source_type":"1p_website","source_label":"Brand's website","source_url":"https://beneficialstatebank.com","updated_at":"2026-11-07T19:35:48.127129+00:00"}]},{"header":"Audience","sections":[{"key":"target_industry","label":"Target industry","shape":"text","content":"Banking and financial services, with specialized support for affordable housing, renewable energy and green buildings, nonprofits, foundations, B Corps, small businesses, and community-focused organizations.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://beneficialstatebank.com","updated_at":"2026-11-07T19:35:48.127129+00:00"},{"key":"customer_base","label":"Customer base","shape":"text","content":"Individuals and organizations across California, Oregon, and Washington, plus B Corps nationwide. Customers include individuals, nonprofits, foundations, affordable housing developers, B Corps, small businesses, and other businesses.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://beneficialstatebank.com","updated_at":"2026-11-07T19:35:48.127129+00:00"},{"key":"icp","label":"Ideal customer profile","shape":"text","content":"Individuals and organizations seeking fair, accessible, mission-aligned banking; especially nonprofits, foundations, certified B Corps, affordable housing developers, green project developers, small businesses, and West Coast businesses.","source_type":"1p_website","source_label":"Brand's website","source_url":"https://beneficialstatebank.com","updated_at":"2026-11-07T19:35:48.127129+00:00"},{"key":"use_cases","label":"Use cases","shape":"text","content":"Everyday personal banking and savings\nBuilding or repairing personal credit\nPersonal auto financing and refinancing\nManaging business checking, savings, and treasury needs\nFinancing affordable housing projects\nFinancing renewable energy and green building projects\nBanking for nonprofits and foundations\nBanking for certified B Corps","source_type":"1p_website","source_label":"Brand's website","source_url":"https://beneficialstatebank.com","updated_at":"2026-11-07T19:35:48.127129+00:00"},{"key":"customer_outcomes","label":"Customer outcomes","shape":"text","content":"Deposits help fund affordable housing, clean energy, and local businesses\nAccess to fair and inclusive banking services\nFinancing for projects that benefit people and the planet\nBanking support aligned with social and environmental values\nAccess to specialized banking expertise for nonprofits, B Corps, affordable housing, and green lending\nAvoidance of funding for fossil fuels, fracking, private prisons, and weapons manufacturing","source_type":"1p_website","source_label":"Brand's website","source_url":"https://beneficialstatebank.com","updated_at":"2026-11-07T19:35:48.127129+00:00"}]}],"last_refreshed_at":"2026-11-07T19:35:48.140788+00:00","last_changed_at":"2026-11-07T19:35:48.152595+00:00","claim_url":"https://app.optimly.ai/sign-up?claim=cc4deadc-18e5-4c48-82c8-18e06a286a0f"}