Beneficial State Bank

Community Development Financial Institution

Oakland, California

United States

About Beneficial State Bank

Beneficial State Bank is an innovative, triple-bottom line, community development financial institution. Started in 2007, BSB came from a shared vision to start a bank that finances community-based businesses, builds the long-term prosperity of responsible consumers and supports companies that have a commitment to the environment. BSB has a one of a kind ownership structure-- its profits, when distributed, can only be distributed to Beneficial State Foundation to support our communities & environment. By design, the community is the shareholder that BSB serves, not special interests of any one group.

B Corps are sustainably minded companies that focus on social justice and environmental well-being as much as profit. Joining these innovative companies was an easy decision for us because by design, we have no shareholders inclined to insist on maximizing profit at the expense of our triple-bottom line goals. Another determining factor was the B Corp Impact Assessment Tool- this amazing tool literally implements our Mission Reporting Strategy and Impact. We cannot really know our impact unless we understand the impact our borrowers are having. If all our borrowers were to undertake the annual impact assessment, we would have a full reading of our lending impact. And our borrowers would increasingly see the benefits of B Corp membership and "B" the change we want to see, and measure!

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The Change We Seek®

Our vision is of a banking industry that is fair to the person with the least bargaining power; provides access to financial services for all our communities, particularly the traditionally underserved; results in the long-term prosperity of responsible consumers; promotes financial system stability; and contributes to the sustainability of the environmental commons. We call this vision beneficial banking. We believe joining the B Corp community will allow us to partner and work side-by-side with social enterprises to help us achieve this change we seek.

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What makes us a better company?

B Impact Report

Certified since: 

September 2012

Company Score

Median Score*



The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.



The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.



The Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).



The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.



The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

Overall B Score

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

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Company Highlights: 

Governance: Members from the community and environmental organizations are represented on Board; >50% of the company is owned by a non-profit organization

Workers: >80% of paid health insurance premiums covered for individuals and their families; Annual, formal, consistent process for providing feedback to employees

Community: Gives preference to local, sustainable, and fair trade suppliers; 3 out of 4 loans meet a social mission goal; Certified Community Development Financial Institution (CDFI); >50% of profits were given to charity

Environment: >50% of Green House Gas emissions were offset by purchasing certified carbon credits; Some buildings are constructed to green standards; Extensive recycling program; Worked with landlord to implement energy efficiency improvement and waste reduction programs

2014 Best for the World Overall Honoree


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  • 2015 Best for the World Honoree Go »
  • 2010 USF California Prize for Service and the Common Good Go »


  • Beneficial State Foundation Go »

Global Alliance for Banking on Values

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