Beneficial State Bank

Founded in 2007 by Kat Taylor and Tom Steyer, Beneficial State Bank aims to demonstrate a sustainable banking model that prioritizes people and the planet over profit. As a Community Development Financial Institution (CDFI), the bank focuses on uplifting low-to-moderate income populations and communities, ensuring that a significant portion of its lending supports positive social and environmental outcomes. Beneficial State Bank is committed to avoiding predatory lending and investments in harmful industries, maintaining a portfolio that aligns with its mission to 'do no harm.' With branches in California, Oregon, and Washington, the bank is dedicated to nourishing communities rather than extracting from them.