corporation . beneficial bank type public nasdaq bncl industry finance founded 1853 headquarters philadelphia pennsylvania united states key people gerard p. cuddy president and ceo products financial services total assets us 4.7 billion number of employees 950 website thebeneficial.com beneficial mutual bancorp inc. operates beneficial bank a full service bank whose assets total approximately 5 billion . founded in 1853 beneficial is the oldest and largest bank headquartered in philadelphia pennsylvania with more than 58 locations throughout pennsylvania and southern new jersey . 1 the bank provides financial services including personal and business banking mortgages and loans wealth management business and insurance services . 1 history edit beneficial bank s foundation was built on saint john neumann s vision of providing a safe secure place for philadelphia s immigrants to deposit their savings . members of the board of managers of st. joseph s hospital met in 1853 to discuss starting a saving fund society . that same year the beneficial saving fund society was incorporated . in 1854 beneficial bank began operations . 2 the bank celebrated its 160th anniversary in 2013 . in 2005 beneficial completed its acquisition of the insurance firm paul hertel & co. through a subsidiary of the bank beneficial insurances llc . beneficial has made two other major acquisitions in recent years including the fms financial corporation the parent company of farmers & mechanics bank and st. edmond s federal savings bank . beneficial completed its conversion to a publicly traded company in early 2015 and was advised by sandler o neill and partners . 3 in 2014 beneficial moved its headquarters to 1818 market street in philadelphia at which point the building was renamed 1818 beneficial bank place . 4 references edit a b beneficial bank . beneficial bank . beneficial bank . retrieved 9 july 2015 . distefano joseph n. 15 august 2014 . beneficial philly s largest bank to sell majority stake . philly.com . retrieved 9 july 2015 . distefano joseph n. 2 december 2014 . beneficial bank weak stock offering ; fraudulent texts . philly.com . retrieved 9 july 2015 . spikol liz . today 1818 market street is renamed becomes beneficial s corporate headquarters . philadelphia magazine . retrieved 9 july 2015 . external links edit thebeneficial.com official website v t e philadelphia area corporations including the delaware valley list of companies based in the philadelphia area philadelphia based fortune 500 corporations rank in the 2015 list comcast 43 aramark 207 crown holdings 318 delaware valley based fortune 500 corporations rank in the 2015 list amerisourcebergen 16 dupont 87 lincoln national 223 universal health services 324 campbell soup 342 ugi 349 burlington stores inc. 500 other notable philadelphia based businesses amoroso s beneficial bank chemtura day & zimmermann fmc corporation independence blue cross pennsylvania real estate investment trust pep boys philadelphia media network radian group urban outfitters notable philadelphia based professional partnerships ballard spahr blank rome cozen o connor dechert drinker biddle & reath duane morris morgan lewis & bockius pepper hamilton saul ewing white and williams other notable delaware valley based businesses actua corporation airgas alliedbarton ametek aqua america asplundh bentley systems brandywine realty trust boscov s carpenter technology cephalon chemours christiana care health system crozer keystone health system david s bridal epam systems enersys hamilton lane liberty property trust penn mutual penn national gaming rita s italian ice sei investments slm sungard susquehanna international group vanguard toll brothers triumph group unisys viropharma vishay intertechnology vwr wawa wilmington trust w. l. gore and associates wsfs bank notable delaware valley based us headquarters of foreign businesses aberdeen asset management ace agustawestland astrazeneca delaware investments glaxosmithkline ing group keystone foods sap america siemens medical shire pharmaceuticals subaru teva pharmacueticals td bank notable delaware valley based division headquarters of us corporations acme cerberus capital management centocor johnson & johnson colonial penn conseco delmarva power exelon gsi commerce ebay hercules ashland mab paints sherwin williams mcneil laboratories j & j neoware hewlett packard peco exelon qvc liberty media rohm and haas dow chemical sunoco energy transfer tasty baking flowers foods this article about a financial services corporation of the united states is a stub . you can help wikipedia by expanding it . v t e this bank and insurance related article is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title beneficial bank & oldid 743597248 categories banks based in pennsylvaniabanks established in 1853companies listed on nasdaqcompanies based in philadelphiaunited states financial services company stubsbank stubshidden categories pages using infobox company with unsupported parametersall stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 10 october 2016 at 09 57 . text is available under the creative commons attribution sharealike license ; 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