Beneficial State Bank

Beneficial State Bank is a state-chartered, federally insured, and for-profit bank. Its economic rights are majority-owned by the nonprofit, Beneficial State Foundation, which is in turn permanently governed in the public interest. This ownership structure allows the bank to prove and maintain an innovative model for banking that generates benefit for people and the planet while being financially safe and sound. Beneficial State is both a Community Development Financial Institution (CDFI) as designated by the US Treasury and one of the world’s top Certified B Corporations since it was awarded B Corp status in 2013 For additional information, visit beneficialstate.com. Member FDIC, Equal Housing Lender.

Where you put your money matters.

Did you know that banks can lend your money in harmful ways? You can help build the world you want to see by placing your deposits in a bank that serves people, planet, and prosperity for all.

We have a "do no harm" lending policy. Our goal is to allocate at least 75% of our lending to mission-aligned ventures. Many of our lending clients are nonprofits, B corporations, women and minority-owned small businesses. When you place your deposits at Beneficial State Bank, you are supporting social, economic, and environmental prosperity in your community.

We offer personal and business banking solutions, including digital and video banking, to our communities in California, Oregon, and Washington.

Our clients make our communities better.

Bureo: Bureo takes these discarded fishing nets and recycles them into skateboards, sunglasses, and other premium products. Bureo doesn’t stop at recycling—they use disruptive innovation to address the infrastructure issues that cause fishing net pollution in the first place.

Momentum: Momentum works with companies that develop transformative water, energy, transportation, and manufacturing technologies. They conduct rigorous research, thoughtful analysis, and strategic engagement to increase the ability of their clients to access and manage public and private investment, acquire new customers, and commercialize advanced technologies. 

Dance Wire: Dance Wire is Portland’s dance hub. They serve artists, organizations, and the general public by focusing on the dynamic relationship between the dance and community. Their website highlights opportunities for the broader Portland community to get “dance curious” and participate in dance. 

Lavendar Rights Project: Services range from legal advocacy, representation, and referrals, to housing assistance for trans people who are houseless or at-risk of experiencing houselessness. The agency also runs an ongoing Black Trans Task Force that focuses on the broader and ongoing issues of community building, research, and political action addressing the crisis of violence against Black trans people.

Read more client stories on our blog.