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Beneficial Bank's Overview

Total employees430
HeadquartersPhiladelphia
Founded1832

Beneficial Bank is a customer-focused financial institution dedicated to providing comprehensive and accessible banking solutions to individuals, families, and businesses. We strive to empower our clients to achieve their financial goals through a combination of innovative technology, personalized service, and a strong commitment to community development. Our offerings include a wide range of products such as savings and checking accounts, mortgage and personal loans, business banking services, and investment and wealth management advice. At Beneficial Bank, we believe in building long-term relationships based on trust, transparency, and mutual benefit.

Where is Beneficial Bank's Headquarters?

HQ Function

The headquarters serves as the central hub for executive leadership, strategic planning, corporate governance, risk management, technology infrastructure, and core operational oversight for all national branches and digital services.

Notable Features:

The headquarters features a modern, LEED-certified design with open-plan collaborative workspaces, advanced security systems, an employee training and development center, and a flagship branch on the ground floor offering a full suite of banking services.

Work Culture:

Beneficial Bank fosters a collaborative, inclusive, and innovative work environment. Employees are encouraged to embrace continuous learning, customer-centricity, and ethical practices. The culture promotes teamwork and empowers staff to contribute to the bank's success and community impact.

HQ Significance:

The headquarters symbolizes Beneficial Bank's stability, commitment to growth, and its role as a key player in the financial services industry. Its location provides access to a rich talent pool and key business partners.

Values Reflected in HQ: The headquarters' design and operations reflect Beneficial Bank's core values of innovation (modern technology), sustainability (LEED certification), community (public-access branch, local sourcing), and employee well-being (amenities and collaborative spaces).

Location:

While primarily focused on the United States market with a strong regional presence, Beneficial Bank supports its domestic clients with international needs through correspondent banking relationships and digital platforms. Key functions supported for clients with global interests include international wire transfers, foreign currency exchange, and letters of credit for trade finance. The bank does not currently maintain physical branches outside the USA but leverages technology and partnerships to serve clients' global transaction requirements.

Street Address:

100 Beneficial Plaza

City:

Philadelphia

State/Province:

PA

Country:

USA

Beneficial Bank's Global Presence

Wilmington, DE, USA

Address: 200 Commerce Drive, Wilmington, DE 19801

Supports the bank's extensive credit and lending portfolio, leveraging Delaware's favorable banking regulations and skilled workforce.

Charlotte, NC, USA

Address: 550 South Tryon Street, Charlotte, NC 28202

Taps into Charlotte's status as a major financial center to expand high-net-worth client services and commercial lending.

Chicago, IL, USA

Address: 30 West Monroe Street, Chicago, IL 60603

Serves the diverse commercial and industrial base of the Midwest, providing tailored financial solutions to businesses of all sizes.

Buying Intent Signals for Beneficial Bank

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of Beneficial Bank

As of April 2025, Beneficial Bank' leadership includes:

Gerard Cuddy - President and Chief Executive Officer
Thomas Cestare - Executive Vice President, Chief Financial Officer
Martin Gallagher - Executive Vice President, Chief Credit Officer
Joanne Ryder - Executive Vice President, Chief Administration Officer
Robert Maines - Executive Vice President, Chief Risk Officer

Investors of Beneficial Bank

Beneficial Bank has been backed by several prominent investors over the years, including:

Beneficial Bancorp, Inc. (prior to acquisition)
WSFS Financial Corporation (Acquirer)

Executive New Hires/Exits in the Last 12 Months

Hire0
Exits0

As Beneficial Bank was acquired by WSFS Financial Corporation in 2019, major executive changes occurred around that transition period. Since then, leadership has been integrated within the WSFS structure. Recent news would primarily reflect WSFS leadership.

Technology (Tech Stack) used by Beneficial Bank

Discover the tools Beneficial Bank uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Beneficial Bank Email Formats and Examples

Following its acquisition by WSFS Financial Corporation, employees of the former Beneficial Bank would now likely use WSFS email formats. Common corporate email formats include [first_initial][last]@[domain] or [first_name].[last_name]@[domain].

For WSFS (which acquired Beneficial Bank): flast@wsfsbank.com or first.last@wsfsbank.com

Format

jdoe@wsfsbank.com or jane.doe@wsfsbank.com

Example

80%

Success rate

News and media

WSFS Bank Investor RelationsMarch 1, 2019

Beneficial Bank acquired by WSFS Financial Corporation

WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced the completion of its acquisition of Beneficial Bancorp, Inc., parent company of Beneficial Bank. This combination created the largest, locally-headquartered community bank in the Greater Delaware Valley....more

Philadelphia InquirerNovember 27, 2018

Beneficial Bank shareholders approve sale to WSFS

Shareholders of Beneficial Bancorp Inc. voted to approve the sale of the Philadelphia-based bank to WSFS Financial Corp. of Wilmington, in a stock deal valued at $1.5 billion when it was announced in August....more

GlobeNewswireAugust 8, 2018

Beneficial Bank to be acquired by WSFS Financial Corporation

WSFS Financial Corporation and Beneficial Bancorp, Inc. announced they have entered into a definitive agreement to combine their two complementary banking franchises. The combination will create the largest and longest-standing community bank headquartered in the Delaware Valley....more

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