Beneficial Bank

Status:Inactive as of 2019-03-01
 Absorption - Without Assistance
Successor Bank:Wilmington Savings Fund Society, FSB
Headquarters:Beneficial Bank
1139 Chestnut Street
Philadelphia, PA 19107
Established:1853-04-20
FDIC Insurance:1939-11-21
FDIC Cert:#15697
Charter Class:Savings banks, state charter, supervised by the FDIC
# of Branches:62
Total Assets:$5,808,297,000
Total Deposits:$4,315,645,000

History

1853-04-20Institution established: Original name:The Beneficial Saving Fund Society of Philadelphia
1959-05-29Changed name to Beneficial Mutual Savings Bank
2004-08-24Changed institution class to FDIC SUPERVISED SAVINGS BANK
2004-08-24Changed organization type to STOCK SAVINGS BANK
2004-08-24Reorganized.
2005-11-10Acquired Northwood Savings Bank (35034) in PHILADELPHIA, PA
2007-07-13Acquired Farmers and Mechanics Bank (28435) in BURLINGTON, NJ
2012-04-02Acquired St. Edmond's Federal Savings Bank (28916) in PHILADELPHIA, PA
2015-01-15Changed name to Beneficial Bank
2016-04-15Acquired Conestoga Bank (27013) in CHESTER SPRINGS, PA
2019-03-01Merged into and subsequently operated as part of Wilmington Savings Fund Society, FSB (17838) in WILMINGTON, DE

Financial Information (2018-12-31 and Older)