During the corresponding time, Beneficial Bancorp Inc. recorded a revenue increase by 30.44 % year on year, sequentially revenue grew by 7.72 %. While revenue at the Beneficial Bancorp Inc.'s corporate clients
Beneficial Bancorp's Comment on Sales, Marketing and Customers
We are headquartered in Philadelphia, Pennsylvania. We currently operate 32 full-service
banking offices in Bucks, Chester, Delaware, Montgomery and Philadelphia Counties,
Pennsylvania and 23 full-service banking offices in Burlington, Gloucester, and
Camden Counties, New Jersey. We also operate one lending office in Montgomery
County, Pennsylvania. In addition, Beneficial Insurance Services, LLC, operates
one office in Montgomery County, Pennsylvania, and provides property, causality,
life, health and professional liability insurance to our customers. We regularly
evaluate our network of banking offices to optimize the penetration in our market
area. We will occasionally open or consolidate banking offices.
Philadelphia is the sixth largest metropolitan region in the United States and
home to over 64 colleges and universities. Traditionally, the economy of the Philadelphia
metropolitan area was driven by the manufacturing and distribution sectors. However,
the region has evolved into a more diverse economy geared toward information and
service-based businesses. Currently, the leading employment sectors in the region
are (1) educational and health services; (2) transportation, trade and utilities
services; (3) professional and business services; and (4) due to the region’s
numerous historic attractions, leisure and hospitality services. The region’s
leading employers include Jefferson Health System, the University of Pennsylvania
Health System, Merck & Company, Inc. and Comcast Corporation. The Philadelphia
metropolitan area has also evolved into one of the major corporate centers in
the United States due to its geographic location, access to transportation, significant
number of educational facilities to supply technical talent and available land
for corporate and industrial development. The Philadelphia metropolitan area is
currently home to 12 Fortune 500 companies, including AmerisourceBergen, Comcast,
PPL, DuPont, Aramark and Lincoln National.
Beneficial Bancorp’s Comment on Sales, Marketing and Customers
We are headquartered in Philadelphia, Pennsylvania. We currently operate 32 full-service
banking offices in Bucks, Chester, Delaware, Montgomery and Philadelphia Counties,
Pennsylvania and 23 full-service banking offices in Burlington, Gloucester, and
Camden Counties, New Jersey. We also operate one lending office in Montgomery
County, Pennsylvania. In addition, Beneficial Insurance Services, LLC, operates
one office in Montgomery County, Pennsylvania, and provides property, causality,
life, health and professional liability insurance to our customers. We regularly
evaluate our network of banking offices to optimize the penetration in our market
area. We will occasionally open or consolidate banking offices.
Philadelphia is the sixth largest metropolitan region in the United States and
home to over 64 colleges and universities. Traditionally, the economy of the Philadelphia
metropolitan area was driven by the manufacturing and distribution sectors. However,
the region has evolved into a more diverse economy geared toward information and
service-based businesses. Currently, the leading employment sectors in the region
are (1) educational and health services; (2) transportation, trade and utilities
services; (3) professional and business services; and (4) due to the region’s
numerous historic attractions, leisure and hospitality services. The region’s
leading employers include Jefferson Health System, the University of Pennsylvania
Health System, Merck & Company, Inc. and Comcast Corporation. The Philadelphia
metropolitan area has also evolved into one of the major corporate centers in
the United States due to its geographic location, access to transportation, significant
number of educational facilities to supply technical talent and available land
for corporate and industrial development. The Philadelphia metropolitan area is
currently home to 12 Fortune 500 companies, including AmerisourceBergen, Comcast,
PPL, DuPont, Aramark and Lincoln National.
Sources:
Beneficial Bancorp Inc.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Beneficial Bancorp Inc.’s corporate clients.
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