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Beneficial Mutual Bancorp

Full company profile

uuid003h3ym

Namestring
Beneficial Mutual Bancorp
Websiteurl
thebeneficial.com
Company typeenum
Private
Founded yearint
1853
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersPhiladelphia, United States
HQ citystring
Philadelphia
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
retail banking services, mutual savings bank, consumer lending, small business banking, wealth management
Industry1 code
1Mutual Savings Banks & Mutual Thrifts
CodeFSABAEADPrimaryYes
NAICS code1 code
  • Savings Institutions and Other Depository Credit Intermediation522180
SIC code1 code
  • Savings Institution, Federally Chartered6035
Product category
Retail Banking
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Core offering1 text field

Core offerings are not evidenced in the supplied data. The company's website (thebeneficial.com) is inaccessible due to a DNS resolution error, and no product, service, or capability information is present in the source material. The "Mutual Bancorp" naming suggests a community-oriented mutual savings bank holding company, but specific offerings cannot be confirmed.

Differentiator
Functional benefit
Problem solved
No data
Peers10 records
1Berkshire Hills Bancorp
TypeDirect peer
Description

Boston-based bank holding company operating Berkshire Bank; comparable as a former mutual savings institution now operating as a community bank with similar deposit-driven funding model.

2WSFS Financial Corporation
TypeDirect peer
Description

Philadelphia-area bank holding company operating WSFS Bank, a community-focused depository institution; directly comparable as a regional mutual/community-style savings and loan operator in the same Mid-Atlantic footprint historically served by Beneficial Mutual.

3Fulton Financial Corporation
Description

Mid-Atlantic bank holding company operating Fulton Bank across Pennsylvania, New Jersey, Maryland, Delaware and Virginia; comparable as a regional community bank competitor serving overlapping retail and small-business deposit customers.

4PCSB Financial Corporation
TypeDirect peer
Description

New York-based bank holding company operating PCSB Bank; comparable as a community mutual-converted savings institution serving a defined geographic retail deposit base.

5Lakeland Bancorp
TypeDirect peer
Description

New Jersey-based bank holding company operating Lakeland Bank; comparable as a community savings-oriented depository institution with retail deposit focus.

6Brookline Bancorp
TypeDirect peer
Description

Massachusetts-based bank holding company operating Brookline Bank and its subsidiaries; comparable as a community-oriented depository institution with similar product mix and deposit-driven funding model.

7Customers Bancorp
TypeRegional player
Description

Pennsylvania-chartered bank holding company operating Customers Bank; comparable as a state-chartered community/commercial bank with overlapping Pennsylvania deposit base.

8OceanFirst Financial Corp.
TypeDirect peer
Description

New Jersey-headquartered bank holding company operating OceanFirst Bank; comparable as a community-oriented former mutual savings institution focused on retail deposits and residential lending.

9Northwest Bancshares
TypeDirect peer
Description

Maryland-headquartered holding company for Northwest Bank, a mutual-converted community savings institution; directly comparable as a former mutual savings institution operating as a community-oriented depository franchise.

10Univest Financial Corporation
TypeRegional player
Description

Pennsylvania-based community bank holding company (Univest Bank and Trust Co.) offering deposit and lending services; comparable as a regional Mid-Atlantic community bank with overlapping customer profile.

Market position
Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Beneficial Mutual Bancorp

Retail Bankingthebeneficial.com

Beneficial Mutual Bancorp firmographics

Firmographics
Name
Beneficial Mutual Bancorp
Website
https://thebeneficial.com
Company type
Private
Founded year
1853
Operating status
Operating
Headcount range
501–1,000 employees
Ownership category
akta.pro rank

Beneficial Mutual Bancorp industry classification

Industry
Product category
Retail Banking
NAICS
Savings Institutions and Other Depository Credit Intermediation (522180)
SIC
Savings Institution, Federally Chartered (6035)
akta.pro primary industry
Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

Keywords

  • Retail banking services
  • Mutual savings bank
  • Consumer lending
  • Small business banking
  • Wealth management

Where Beneficial Mutual Bancorp is headquartered

Location

Headquarters

HQ city
Philadelphia
HQ country
United States
HQ region
North America

Markets served

Beneficial Mutual Bancorp business model

Business model
GTM type
B2B and B2C
Offering type
Services

Beneficial Mutual Bancorp product offering

Product offering

Core offering

Core offerings are not evidenced in the supplied data. The company's website (thebeneficial.com) is inaccessible due to a DNS resolution error, and no product, service, or capability information is present in the source material. The "Mutual Bancorp" naming suggests a community-oriented mutual savings bank holding company, but specific offerings cannot be confirmed.

Differentiator

Problem solved

Functional benefit

Companies that use Beneficial Mutual Bancorp

Customer profile

Ideal customer profiles1 record

Beneficial Mutual Bancorp technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Beneficial Mutual Bancorp competitors and assessment

Company assessment

Direct peers

  • Berkshire Hills Bancorp: Boston-based bank holding company operating Berkshire Bank; comparable as a former mutual savings institution now operating as a community bank with similar deposit-driven funding model.
  • WSFS Financial Corporation: Philadelphia-area bank holding company operating WSFS Bank, a community-focused depository institution; directly comparable as a regional mutual/community-style savings and loan operator in the same Mid-Atlantic footprint historically served by Beneficial Mutual.
  • PCSB Financial Corporation: New York-based bank holding company operating PCSB Bank; comparable as a community mutual-converted savings institution serving a defined geographic retail deposit base.
  • Lakeland Bancorp: New Jersey-based bank holding company operating Lakeland Bank; comparable as a community savings-oriented depository institution with retail deposit focus.
  • Brookline Bancorp: Massachusetts-based bank holding company operating Brookline Bank and its subsidiaries; comparable as a community-oriented depository institution with similar product mix and deposit-driven funding model.
  • OceanFirst Financial Corp. New Jersey-headquartered bank holding company operating OceanFirst Bank; comparable as a community-oriented former mutual savings institution focused on retail deposits and residential lending.
  • Northwest Bancshares: Maryland-headquartered holding company for Northwest Bank, a mutual-converted community savings institution; directly comparable as a former mutual savings institution operating as a community-oriented depository franchise.

Peers

  • Fulton Financial Corporation: Mid-Atlantic bank holding company operating Fulton Bank across Pennsylvania, New Jersey, Maryland, Delaware and Virginia; comparable as a regional community bank competitor serving overlapping retail and small-business deposit customers.

Regional players

  • Customers Bancorp: Pennsylvania-chartered bank holding company operating Customers Bank; comparable as a state-chartered community/commercial bank with overlapping Pennsylvania deposit base.
  • Univest Financial Corporation: Pennsylvania-based community bank holding company (Univest Bank and Trust Co.) offering deposit and lending services; comparable as a regional Mid-Atlantic community bank with overlapping customer profile.

Market position

Customer concentration

Beneficial Mutual Bancorp social profiles

Digital presence

Beneficial Mutual Bancorp financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Beneficial Mutual Bancorp leadership team

Management profile

Number of profiles

Beneficial Mutual Bancorp funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Beneficial Mutual Bancorp M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Beneficial Mutual Bancorp

What does Beneficial Mutual Bancorp do?

Core offerings are not evidenced in the supplied data. The company's website (thebeneficial.com) is inaccessible due to a DNS resolution error, and no product, service, or capability information is present in the source material. The "Mutual Bancorp" naming suggests a community-oriented mutual savings bank holding company, but specific offerings cannot be confirmed.

When was Beneficial Mutual Bancorp founded?

Beneficial Mutual Bancorp was founded in 1853. It employs 501 to 1,000 people.

Where is Beneficial Mutual Bancorp based?

Beneficial Mutual Bancorp is headquartered in Philadelphia, United States, in the North America region.

Who are Beneficial Mutual Bancorp's main competitors?

Direct peers on record are Berkshire Hills Bancorp, WSFS Financial Corporation, PCSB Financial Corporation, Lakeland Bancorp, Brookline Bancorp, OceanFirst Financial Corp. and Northwest Bancshares. Fulton Financial Corporation is listed as a peer. Regional players are Customers Bancorp and Univest Financial Corporation.

Does Beneficial Mutual Bancorp have an API?

No public API is recorded for Beneficial Mutual Bancorp.

What industry is Beneficial Mutual Bancorp in?

Beneficial Mutual Bancorp's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAD, Mutual Savings Banks & Mutual Thrifts. Its NAICS code is 522180 and its SIC code is 6035.

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Live signals
GlobeNewswireWSFS Financial Completes Integration and Rebranding of Beneficial Bank into WSFS BankWSFS Financial completed the integration and rebranding of Beneficial Bank into WSFS Bank, converting all accounts and customers. The combined bank now operates from 126 offices and holds $12.2 billion in assets. WSFS also consolidated 21 retail banking locations as part of its optimization plan.GlobeNewswirePhoto Release -- WSFS Announces Retail Regional LeadershipWSFS Bank announced its Retail Regional Management Team to oversee over 90 retail banking offices after combining with Beneficial Bank. The team includes Shari Kruzinski as Director of Retail Delivery and eight regional managers, with most consolidations occurring in late August 2019.GlobeNewswireWSFS Financial Corporation Completes Acquisition of Beneficial Bancorp, Inc.WSFS Financial Corporation completed its acquisition of Beneficial Bancorp and its subsidiary Beneficial Bank, operating as one company. The combined entity has approximately $13 billion in assets and is the largest locally-headquartered bank in the Greater Delaware Valley. Beneficial's customer relationships continue as usual until systems integration and rebranding, expected in late August 2019.Delaware Business TimesWSFS has final approval to acquire Beneficial in $1.5 billion dealWSFS Financial Corporation received full approval from the Board of Governors of the Federal Reserve to acquire Beneficial Bancorp, Inc. in a $1.5 billion deal. This acquisition will merge WSFS Bank and Beneficial Bank, creating the largest locally-based community bank in the Greater Delaware Valley, with expectations to finalize the transaction on March 1.GlobeNewswireWSFS Financial Corporation Receives All Required Approvals to Acquire Beneficial Bancorp, Inc.WSFS Financial received all required approvals to acquire Beneficial Bancorp and merge its subsidiary into WSFS Bank. The Federal Reserve's Board of Governors approved the deal, and WSFS expects to close on March 1, 2019. Both banks will operate as separate brands until August 2019, when systems conversion and rebranding are projected.GlobeNewswireBeneficial Bancorp, Inc. Announces Quarter and Year End Results and Cash Dividend to ShareholdersBeneficial Bancorp reported net income of $13.7 million and $47.8 million for the quarter and year ended December 31, 2018, respectively, compared to a net loss of $3.3 million and net income of $23.9 million in 2017. The company declared a 6-cent cash dividend payable on or after February 21, 2019, and its non-performing assets ratio fell to 0.52%.PR NewswireLifshitz & Miller LLP Announces Investigation of Beneficial Bancorp Inc., Blue Hills Bancorp, Inc., Esterline Technologies Corporation, Imperva, Inc., Integrated Device Technology, Inc., LaSalle HotelLaw firm Lifshitz & Miller LLP announced investigations into possible breaches of fiduciary duties in connection with eight corporate acquisitions at specified deal prices, reaching out to shareholders of the target companies. The investigations cover acquisitions including Beneficial Bancorp to WSFS Financial for $19.61/share, Blue Hills Bancorp to Independent Bank Corp for $26/share, Esterline Technologies to TransDigm Group for $122.50/share, and five other transactions ranging from $11.65 to $75 per share. This appears to be attorney advertising seeking potential clients for litigation rather than reporting on completed or announced corporate events.GlobeNewswireBeneficial Bancorp, Inc. Announces Third Quarter Results and Cash Dividend to ShareholdersBeneficial Bancorp reported Q3 net income of $12.4 million and a 6-cent cash dividend. Net interest margin rose to 3.26% and non-performing assets fell to 0.49% of total assets. The company also declared a dividend payable November 8, 2018.GlobeNewswireKBRA Affirms Ratings for WSFS Financial Corporation Following its Announcement to Combine with Beneficial Bancorp, Inc.KBRA affirmed WSFS Financial's senior unsecured debt rating of A- and subordinated debt rating of BBB+ following its August 8, 2018 announcement to combine with Beneficial Bancorp. The deal is expected to close in the first quarter of 2019, with WSFS reinvesting $32 million of estimated cost savings into technology and delivery systems.PR NewswireWeissLaw LLP Investigates Beneficial Bancorp, Inc.WeissLaw LLP announced it is investigating possible breaches of fiduciary duty by the Board of Directors of Beneficial Bancorp, Inc. in connection with the proposed acquisition of BNCL by WSFS Financial Corporation. Under the deal terms, BNCL shareholders would receive $2.93 in cash plus 0.3013 WSFS shares per share held, representing approximately $18.08 in total consideration. The law firm is examining whether BNCL's board acted to maximize shareholder value prior to entering into the agreement, which WSFS says will create the largest locally-headquartered community bank for the Greater Delaware Valley and double WSFS's footprint with BNCL's 61 bank offices.