Beneficial State Bank’s financial activism
Independent Banker
DECEMBER 1, 2021
Location: Oakland, Calif. billion-asset community bank in Oakland, Calif., Beneficial State Bank was born from a bold idea and a gift of capital from activists and philanthropists Kat Taylor and Tom Steyer. It’s a CDFI, which means that 60% of lending is made to low- and moderate-income customers or underserved communities.
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