Finance and Thrift Company

Finance and Thrift Company was established on July 9, 1925, originally operating under the name Peoples Finance & Thrift Company of Porterville. The institution was not initially insured by the Federal Deposit Insurance Corporation (FDIC). On January 1, 1965, the name was officially changed to Finance and Thrift Company. The company moved its main office to 268 North Main Street in Porterville, California, on April 15, 1985. Over the years, Finance and Thrift Company underwent several mergers. It became part of Pan American Bank in Los Angeles, California, on August 4, 2015, and subsequently merged into Beneficial State Bank, headquartered in Oakland, California, on June 18, 2016.

Below is a list of some important events in banks history, including mergers and acquisitions.

1925-07-09Institution established but was not FDIC insured. Original name: Peoples Finance & Thrift Company of Porterville.

1965-01-01Changed Institution Name to Finance and Thrift Company.

1985-04-15Main Office moved to 268 North Main Street, Porterville, CA 93257.

2015-08-04Merged and became part of Pan American Bank in Los Angeles, CA.

2016-06-18Merged and became part of beneficial state bank (58490) in Oakland, CA.