Beneficial State Bank
- Bank Name:Beneficial State Bank
- Bank Class:State Chartered - FED Nonmember Bank
- Member FDIC:Certificate #58490
- Routing Number:ACH & Wire - 121182056
- Locations:7 Branches in 3 states
- Web Address:beneficialstatebank.com
Beneficial State Bank Information
Beneficial State Bank was founded in June 2007 and is based in Oakland, California. The bank operates as a subsidiary of Beneficial State Foundation. According to the Federal Deposit Insurance Corporation records and based on the institution's charter type, Beneficial State Bank is classified as a commercial bank, state charter and Fed nonmember, supervised by the FDIC. Beneficial State Bank is a FDIC-insured bank with certificate number of 58490. The assigned Fed RSSD ID of Beneficial State Bank is 3608751.
Beneficial State Bank currently operates with 7 branches located in 3 states. The bank has most branches in Oregon, California and Washington. Beneficial State Bank is the 25th largest bank in Oregon with 3 branches; 114th in California with 3 branches and 61st in Washington with 1 branches.
A routing number is a nine-digit code used to identify a financial institution. The bank has one routing number in our database and the routing number for Beneficial State Bank is 121182056. This routing number is necessary to process ACH transfers, wire transactions, direct deposits, bill payments, and other monetary transfers within the US.
The full address of bank headquarters is 1438 Webster Street, Suite 100, Oakland, CA 94612. You can visit the official website of the bank at https://www.beneficialstatebank.com for more information and online banking service if available. For a comprehensive list of Beneficial State Bank branches, including detailed information such as hours of operation, contact numbers, addresses, available services, and more, please narrow your search by selecting a location from the map or list below.
Map Of Branch Locations
History Of Beneficial State Bank
Beneficial State Bank is a community development bank that was established on June 27, 2007, originally under the name OneCalifornia Bank, Fsb. The institution underwent a significant rebranding on July 25, 2014, changing its name to Beneficial State Bank and adjusting its regulatory status and classification to a state-chartered commercial bank. Prior to this change, the bank had been regulated by the Office of the Comptroller of the Currency. Beneficial State Bank aimed to impact communities by reinvesting in local economies. In December 2010, it acquired ShoreBank Pacific based in Ilwaco, Washington, and later, it acquired Pan American Bank located in Los Angeles, California, on June 18, 2016. The bank further expanded by acquiring Albina Community Bank in Portland, Oregon, on February 1, 2018. Throughout its history, Beneficial State Bank has focused on promoting social justice and supporting economically disadvantaged communities.
Below is a list of some important events in bank's history, including mergers and acquisitions.
02-01-2018Acquired Albina Community Bank in Portland, OR.
06-18-2016Acquired Pan American Bank in Los Angeles, CA.
07-25-2014Changed Primary Federal Regulatory Agency to FDIC.
07-25-2014Changed Organization Type to Commercial Bank.
07-25-2014Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).
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