Beneficial Bank
Status: | Inactive as of 03/01/2019 |
Absorption - Without Assistance | |
Successor Bank: | Wilmington Savings Fund Society, FSB |
Headquarters: | Beneficial Bank 1139 Chestnut Street Philadelphia, PA 19107 |
Established: | 04/20/1853 |
FDIC Insurance: | 08/09/1989 |
FDIC Cert: | #15697 |
Charter Class: | |
Total Assets: | $5,808,297,000 |
Total Deposits: | $4,315,645,000 |
History
1853-04-20 | Institution established: Original name:The Beneficial Saving Fund Society of Philadelphia | |
1959-05-29 | Changed name to Beneficial Mutual Savings Bank | |
2004-08-24 | Changed institution class to FDIC SUPERVISED SAVINGS BANK | |
2004-08-24 | Changed organization type to STOCK SAVINGS BANK | |
2004-08-24 | Reorganized. | |
2005-11-10 | Acquired Northwood Savings Bank (35034) in PHILADELPHIA, PA | |
2007-07-13 | Acquired Farmers and Mechanics Bank (28435) in BURLINGTON, NJ | |
2012-04-02 | Acquired St. Edmond's Federal Savings Bank (28916) in PHILADELPHIA, PA | |
2015-01-15 | Changed name to Beneficial Bank | |
2016-04-15 | Acquired Conestoga Bank (27013) in CHESTER SPRINGS, PA | |
2019-03-01 | Merged into and subsequently operated as part of Wilmington Savings Fund Society, FSB (17838) in WILMINGTON, DE |