Beneficial Bancorp, Inc. operates as a bank holding company for Beneficial Bank, which engages in the provision of banking and financial services to individuals and small-to medium-sized businesses. It also offers commercial real estate loans, commercial business loans, one- to four-family real estate loans, consumer loans, home equity loans and constructions loans. The company was founded on August 14, 2014 and is headquartered in Philadelphia, PA.
Beneficial Bancorp, Inc., a diversified financial services company, provides consumer and commercial banking services to individuals, businesses, and nonprofit organizations in Philadelphia and Southern New Jersey area. The company accepts various deposit products, including non-interest bearing demand deposits, such as individual checking accounts; interest-bearing demand accounts comprising NOW, municipal, and money market accounts; savings accounts; certificates of deposit; and commercial checking accounts, as well as checking accounts primarily for small businesses. It also provides cash management services that include remote deposit, lockbox service, and sweep accounts; and certificate of deposit account registry service and brokered certificates of deposit. In addition, the company offers a portfolio of commercial loans and leases, which comprises business loans, small business leases, commercial real estate loans, and commercial construction loans; residential loans, including one- to four-family residential real estate loans; and consumer loans, such as home equity loans and lines of credit, and automobile loans, as well as personal loans comprising recreational vehicles, manufactured housing and marine loans, and educational loans. Further, it provides insurance brokerage and investment advisory services; and wealth management services, as well as investment and insurance related products that include fixed- and variable-rate annuities, and mutual funds and securities through a third party broker dealer. Additionally, the company holds various securities and other investments; and holds and manages other real estate owned properties. The company was founded in 1853 and is headquartered in Philadelphia, Pennsylvania.