| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
72 |
| Employees |
766 |
| Revenues (TTM) (Millions $) |
205 |
| Net Income (TTM) (Millions $) |
47 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
5 |
Business Description
Beneficial Bancorp Inc. is an American financial holding company headquartered in Philadelphia, Pennsylvania. Founded in 1853, it operated as a mutual savings bank until 2015, when it conducted a second-step conversion to become a fully publicly traded company. The company operates through its subsidiary, Beneficial Bank, which offers a range of financial products and services to customers in the Greater Philadelphia area.
As of December 31, 2020, Beneficial Bancorp Inc. had total assets of $5.4 billion and total deposits of $4.4 billion. The company operates 58 branches throughout Pennsylvania and New Jersey, with more than 600 employees.
Beneficial Bank offers a wide range of financial products and services, including personal and business banking, wealth management, and commercial lending. The bank's personal banking offerings include checking and savings accounts, loans, mortgages, credit cards, and online banking. For businesses, Beneficial Bank offers a variety of services, including cash management, remote deposit capture, loans, lines of credit, and leasing.
The bank also has a wealth management division, Beneficial Advisors, which provides individuals with financial planning, investment management, and retirement planning services. Beneficial Bank's commercial lending operations offer a broad range of lending solutions, including government-guaranteed loans, equipment financing, and leasing.
Beneficial Bank has a strong commitment to community involvement and philanthropy. The organization has a charitable arm, the Beneficial Foundation, which provides grants to non-profit organizations in the Greater Philadelphia area. The bank is also active in other community initiatives, including financial literacy programs and volunteer initiatives.
In summary, Beneficial Bancorp Inc. is a well-established financial institution with a strong presence in the Greater Philadelphia area. Its subsidiary, Beneficial Bank, offers a wide range of financial products and services to customers, including personal and business banking, wealth management, and commercial lending. The bank has a strong commitment to community involvement and charitable giving, making it a trusted institution in the region.
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