Beneficial State Bank

2019 YBCA 100 Honoree

Mission-driven Beneficial State Bank is a state-chartered, federally insured community development financial institution (CDFI) and a “Best Overall” Certified B Corporation® five years running. Headquartered in Oakland, the bank holds to a “triple bottom line” of social justice, environmental well-being, and economic sustainability. More than 75 percent of its outstanding commercial loans support affordable housing, renewable energy, environmental sustainability, education, youth development, and other mission-aligned business structures and ventures.