April 18, 2014 4:32 AM ET

Banks

Company Overview of Beneficial Mutual Savings Bank

Company Overview

Beneficial Mutual Savings Bank provides personal and business banking services. It offers deposit accounts, such as money market accounts, certificates of deposits, individual retirement accounts, and health savings accounts. The company offers loan products, including home equity loans, personal loans, auto loans, student loans, and mortgage products. Its investment products include mutual funds and annuities. The company offers online banking, business cash management, beneficial insurance, and financial consultation services. The company was formerly known as The Beneficial Saving Fund Society Of Philadelphia. It was founded in 1853 and is based in Philadelphia, Pennsylvania. Beneficial M...

530 Walnut Street

Philadelphia, PA 19106

United States

Founded in 1853

Phone:

215-864-6730

Fax:

215-864-1759

Key Executives for Beneficial Mutual Savings Bank

Chairman
Age: 53
Chief Financial Officer
Age: 44
Executive Vice President and Director of Operations
Age: 44
Executive Vice President
Age: 65
Senior Vice President
Compensation as of Fiscal Year 2013.

Beneficial Mutual Savings Bank Key Developments

MichaMichael J. Morris to Retire from Board of Directors of Beneficial Mutual Bancorp Inc., Beneficial Savings Bank MHC and Beneficial Bank

On January 17, 2013, Michael J. Morris notified Beneficial Mutual Bancorp Inc. his intent to retire from the Board of Directors of the company, Beneficial Savings Bank MHC and Beneficial Bank, effective upon the expiration of his current term at the company’s 2013 annual meeting of shareholders.

Beneficial Mutual Savings Bank Faces ATM Accessibility Class Action Lawsuit

An ATM accessibility class action lawsuits, pursuant to the Americans with Disabilities Act (ADA), against Philadelphia-area banks was filed in federal district court in Philadelphia. The lawsuit against Beneficial Mutual Savings Bank was filed by Carlson Lynch. The plaintiff in the lawsuit against Beneficial is Darryl Garner, who is blind and who claims to have been denied access to certain ATMs operated by Beneficial. Garner's complaint specifically quotes a March 2012 Wall Street Journal article that maintains that nearly 50% of the more than 400,000 ATMs in the United States are inaccessible to the visually impaired, despite the fact that new standards pertaining to accessibility to ATMs for the visually impaired took effect on March 15, 2011, and all ATMs were required to be upgraded to meet these new requirements by March 15, 2012.

Beneficial Mutual Savings Bank Announces Executive Changes

Beneficial Mutual Savings Bank promoted Martin Gallagher to executive vice president, chief credit officer from senior vice president, chief credit officer. Robert Maines was promoted to executive vice president, director of operations from senior vice president, chief risk officer. Joanne Ryder was promoted to executive vice president, brand and strategy and human resources from senior vice president, brand and strategy.

Similar Private Companies By Industry

Company Name Region
The Citizens Exchange Bank (Pearson, GA) United States
RHBT Financial Corp. United States
Peoples State Bank (Mc Donald, KS) United States
Gardner Bancshares, Inc. (Gardner, KS) United States
The Peoples Bank (Chestertown, MD) United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Beneficial Mutual Savings Bank, please visit www.thebeneficial.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.