BENEFICIAL STATE BANK

beneficial-state-bank-logo

Beneficial State Bank (formerly One PacificCoast Bank, FSB & OneCalifornia Bank), grew from the vision of Tom Steyer and Kat Taylor and the team they formed to create a triple bottom-line bank and a supportive nonprofit foundation of the same name. In 2007, that vision was realized when OneCalifornia Bank and OneCalifornia Foundation opened in Oakland. Fashioned in the image of the great socially responsible banks and credit unions of national and international fame, the Bank is mandated to prod... uce meaningful social justice and environmental benefits at the same time that it is financially sustainable. The Foundation owns all of the economic rights of the Bank -- when profits of the Bank are distributed, they can only be distributed to the Foundation which is mandated to reinvest those proceeds back into the communities and the environment on which they all depend. In their theory and experience, this ownership model aligns their incentives with the triple bottom line and the values of their bank customers. In December 2010, OneCalifornia bank acquired ShoreBank Pacific and changed its name to One PacificCoast Bank. The merger greatly expanded the Bank's reach on the West Coast, and enhanced its capacity to serve its mission. ShoreBank Pacific, a pioneer of environmentally sustainable banking, began operations in 1997 in Ilwaco, Washington, at the mouth of the Columbia River, and grew to establish offices in Portland and Seattle. Joining forces with OneCalifornia Bank produced an enlarged footprint covering a bio-regional territory some call the Salmon Nation and united the forces of social justice and ecological banking. In July 2014, One PacificCoast Bank rebranded to develop an identity that reflects their vision, mission and commitment to their triple bottom-line, rather than merely the geographical region they serve. Beneficial State Bank, pursues economic justice and environmental sustainability by focusing on transformative sectors that need loan capital. Providing credit to constructive businesses and non-profits -- especially those boosting entrepreneurial activity in inner cities, following and strengthening wellness models, or reconnecting vital rural/urban dependencies -- is their main business. Credit allows these beneficial activities to grow and scale. They also believe that a healthy environment is the only reliable foundation for economic prosperity. Finally, the Bank must be a catalyst for positive change in their communities by providing fair, transparent, and sustainable banking products and services as alternatives to more predatory practices that otherwise unwind the benefits of their lending practice.

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BENEFICIAL STATE BANK

Social Links:

Industry:
Banking

Founded:
2007-06-01

Address:
Oakland, California, United States

Country:
United States

Website Url:
http://www.beneficialstatebank.com

Total Employee:
51+

Status:
Active

Contact:
(888) 326-2265

Email Addresses:
[email protected]

Technology used in webpage:
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Current Advisors List

kat-taylor_image

Kat Taylor Chair Of The Board Of Directors @ Beneficial State Bank
Board_member
2019-12-01

hallam-dawson_image

Hallam Dawson Vice-Chairman @ Beneficial State Bank
Board_member

dan-skaff_image

Dan Skaff Board Member @ Beneficial State Bank
Board_member
2010-01-01

Current Employees Featured

tom-steyer_image

Tom Steyer
Tom Steyer Co Founder @ Beneficial State Bank
Co Founder
2007-01-01

dan-skaff_image

Dan Skaff
Dan Skaff President & Co-CEO @ Beneficial State Bank
President & Co-CEO
2010-01-01

Founder


tom-steyer_image

Tom Steyer

Newest Events participated

the-echoing-green-summit_event_image Participated in The Echoing Green Summit on 2017-10-09 as sponsor

newco-oakland_event_image Participated in NewCo Oakland on 2015-10-08 as exhibitor

its-time-2015_event_image Participated in It’s Time 2015 on 2015-05-01 as sponsor

Official Site Inspections

http://www.beneficialstatebank.com Semrush global rank: 997.02 K Semrush visits lastest month: 34.59 K

  • Host name: do-sfo2-tuwuc-dabog.tep.cloud.db-ops.net
  • IP address: 167.99.111.82
  • Location: Santa Clara United States
  • Latitude: 37.3417
  • Longitude: -121.9753
  • Metro Code: 807
  • Timezone: America/Los_Angeles
  • Postal: 95051

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