Beneficial State Bank

Beneficial State Bank is a mission-driven financial institution committed to ethical banking practices that prioritize people, planet, and prosperity for all. Founded in 2007 by Kat Taylor and Tom Steyer, the bank distinguishes itself from traditional banks by avoiding investments in harmful industries like fossil fuels, private prisons, and weapons manufacturing. Instead, it focuses on lending to businesses and organizations working towards positive social and environmental change, including affordable housing, renewable energy, and community development projects.

Beneficial State Bank operates with a triple-bottom-line approach, ensuring financial sustainability while generating positive social and environmental impact. The bank is a certified B Corporation, a Community Development Financial Institution (CDFI), and a member of the Global Alliance for Banking on Values (GABV), demonstrating its commitment to ethical and impactful banking. Its diverse leadership team comprises individuals with extensive experience in finance, community development, and social justice, reflecting the bank's mission to create a more equitable and sustainable economy.

Beneficial State Bank offers a variety of flexible work arrangements, including paid time off for vacation, sick leave, and holidays, as well as "birthday float" days and rejuvenation days to support overall well-being. Additionally, the bank provides paid volunteer time and a match for employee donations, fostering a culture of giving back to the community. The bank also offers dog-friendly workplaces and pet benefits, indicating a commitment to supporting employees' personal lives.

Beneficial State Bank offers a comprehensive benefits package that prioritizes employee well-being and work-life balance. Benefits include comprehensive insurance coverage that begins on the first day of employment, competitive retirement plans with employer matching, generous paid time off, and various incentive and bonus programs. The company also provides financial support for wellness and commuting, as well as opportunities to give back to the community. Additional perks include pet benefits, tuition reimbursement, adoption assistance, sabbatical programs, and banking products with discounted rates.

Beneficial State Bank is a mission-driven bank committed to building a more equitable and sustainable economy. They practice "Beneficial Banking™," prioritizing social justice and environmental sustainability over maximizing shareholder profits. This means investing in positive social and environmental impact, prioritizing transparency and accountability, expanding access to equitable financial products, and considering all stakeholders, including the planet, in their business decisions. Their vision is an economy that restores the planet and extends prosperity to all, and they are committed to building a banking system that is environmentally regenerative and equitable.

Beneficial State Bank promotes a culture focused on creating a positive impact for both employees and customers. This is achieved through a "People First" approach, emphasizing a welcoming and supportive work environment built on collaboration, respect, and diversity & inclusion. The company encourages professional development, work-life balance, and a strong sense of purpose, striving to build a better banking industry that serves communities and the planet.

Beneficial State Bank prioritizes diversity, equity, and inclusion by fostering a welcoming and inclusive environment for employees and customers. The bank emphasizes building lasting relationships, exceeding expectations, and having a strong commitment to DEI. They aim to create a culture where team members provide an exceptional customer experience and a dynamic, engaging work environment for everyone. Their open job postings highlight the importance of diverse perspectives and the need for employees who can engage with a variety of stakeholders.