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We opened the Beneficial Saving Fund Society of Philadelphia - now Beneficial Bank - to give the growing immigrant labor force a safe place to keep their savings.
We moved our headquarters to 12th and Chestnut.
We launched the Beneficial In School Savings Program to help teach children the value of money. Since then it’s grown and evolved into the Financial Literacy program we take to the schools, nonprofits and businesses in our community – in 2015, we dedicated over 1,000 literacy hours to the program.
Beneficial Mutual Savings Fund gave bank customers more ways to protect their assets when they created Beneficial Insurance Services,* acquiring Paul Hertel & Company and the CLA agency in 2007. Today, Beneficial Insurance Services has more than $100 million in premium volume.
Beneficial Bank grew throughout the neighborhoods of the Delaware Valley when we acquired FMS Financial Corporation, the parent company of Farmers and Mechanics Bank.
We started the Blue Gooders program – a team of Beneficial employees dedicated to supporting our community. Through this program, our employees volunteer an average of 4,000 hours each year.
We opened our first campus, which was designed to create a new kind of banking experience for our customers. Campuses help start the conversation and let us help you make smarter choices with your money through workshops, resources in our Financial Learning Libraries™, Conversation Stations and more.
We acquired the St. Edmond's Federal Savings Bank, continuing our growth throughout the Delaware Valley and giving us more chances to serve you.
Beneficial moved its headquarters to “1818 Beneficial Bank Place” on Market Street.
As the oldest and largest bank headquartered in Philadelphia, we’re a full service financial institution with more than $5.9 billion in assets, more than 62 offices in PA and NJ, over 65 financial products and services and nearly 1,000 employees.
So stop by any of our branches, tell us where you are in life and we'll walk you through your options.
Find your Branch
1818 Beneficial Bank Place 1818 Market Street Philadelphia, PA 19103
888.742.5272 info@thebeneficial.com The use of non-secure email is intended for general questions, inquiries and comments only. Confidential Customer information cannot be accepted electronically.
Routing No: 236075689 SWIFT Code: BENFUS33
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To help the government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you – When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license and other identifying documents.