Beneficial State Bank

Founded in 2007 by Kat Taylor and Tom Steyer, Beneficial State Bank aims to demonstrate a more viable, equitable, and sustainable model for banking. The bank prioritizes people, the planet, and long-term financial sustainability, ensuring that at least 60% of its lending supports low-to-moderate income communities. Beneficial State Bank is a $1.9 billion asset state-chartered, federally insured bank with branches in California, Oregon, and Washington. It is committed to avoiding predatory lending and investments in harmful industries, focusing instead on uplifting communities through beneficial banking practices.