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Press Releases
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Beneficial Mutual Bancorp Inc. Announces Adoption of a Plan to Reduce Its Work Force
Oct 12, 2007
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PHILADELPHIA, Oct 12, 2007 (BUSINESS WIRE) -- Beneficial Mutual Bancorp, Inc. (the "Company") (NASDAQ:BNCL), the parent company of Beneficial Bank, today announced plans to reduce its work force.
In order to accomplish this restructuring of its management team and workforce, the Company has approved severance plans, including the adoption of a ...
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Beneficial Mutual Bancorp Acquires CLA Agency, a Full Service Insurance Brokerage Company
Oct 10, 2007
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PHILADELPHIA, Oct 10, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Beneficial Mutual Bancorp, Inc. (Nasdaq: BNCL), parent company of Beneficial Bank, today announced that, through the Bank's wholly owned subsidiary, Beneficial Insurance Services, LLC, it has acquired the business of the CLA Agency, Inc. Headquartered in Newtown Square, Pe...
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Beneficial Mutual Bancorp, Inc. to Initiate Process for Approval of Share Repurchase Program
Oct 2, 2007
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PHILADELPHIA, Oct 02, 2007 (BUSINESS WIRE) -- Beneficial Mutual Bancorp, Inc. (NASDAQ:BNCL) today announced that its Board of Directors has authorized the Company to file a waiver request with the Office of Thrift Supervision ("OTS") requesting permission to repurchase up to five percent of the outstanding shares of its common stock during the firs...
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Beneficial Mutual Bancorp, Inc. Announces Second Quarter Earnings
Aug 6, 2007
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PHILADELPHIA, PENNSYLVANIA, August 6, 2007 - Beneficial Mutual Bancorp, Inc. (the "Company") (NASDAQGS: BNCL) today announced net income of $1.9 million for the second quarter of 2007, compared to net income of $2.4 million for the second quarter of 2006. The Company reported earnings for the six months ended June 30, 2007 of $3.7 million, co...
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BENEFICIAL MUTUAL BANCORP, INC. CONSUMMATES MINORITY STOCK OFFERING AND ACQUISITION OF FMS FINANCIAL CORPORATION
Jul 13, 2007
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Philadelphia, PA – July 13, 2007—Beneficial Mutual Bancorp, Inc. ("the Company"), announced today it has consummated its minority stock offering and the acquisition of FMS Financial Corporation ("FMS") (NASDAQ: FMCO), the holding company for Farmers and Mechanics Bank, which has merged with and into Beneficial Mutual Sav...
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BENEFICIAL MUTUAL BANCORP, INC. ANNOUNCES ANTICIPATED CLOSING DATE FOR MINORITY STOCK OFFERING AND ACQUISITION OF FMS FINANCIAL CORPORATION
Jul 12, 2007
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PHILADELPHIA, PA— July 12, 2007 – Beneficial Mutual Bancorp, Inc., the holding company for Beneficial Mutual Savings Bank, announced today that it intends to close its minority stock offering and acquisition of FMS Financial Corporation on Friday, July 13, 2007. The subscription offering, which was open only to eligible ...
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Beneficial Sponsors National Constitution Center Exhibit
May 25, 2007
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Beneficial Savings Bank will serve as the local presenting sponsor of the National Constitution Center's summer exhibition, Eyewitness: American Originals from the National Archives, on display from May 25 through September 3, 2007.
"Beneficial is excited and honored to serve as local sponsor of this truly inspiring exhibition," said Be...
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Beneficial Initiates Public Stock Offering
May 18, 2007
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Beneficial Mutual Bancorp, Inc., parent company of Beneficial Mutual Savings Bank, initiated its Minority Public Stock Offering today, with the mailing of a prospectus, and related documentation to eligible depositors.
The subscription offering will end on June 11, 2007. Approvals have been received from both the Office of Thrift Superv...
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Beneficial Hosts WXTU Ticket Run
May 17, 2007
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The Sicklerville office of Beneficial Savings Bank will host a WXTU Ticket Run on Friday, June 8 between Noon - 1:30 p.m.
Stop by to meet Andie Summers from the WXTU morning show and win tickets to the 23rd annual anniversary show the following day.
Beneficial's Sicklerville office is located in the Town Square Shopping Center a...
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Beneficial Introduces Digital Deposit
Apr 16, 2007
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Beneficial Savings Bank began offering Digital Deposit to new and existing business customers today.
Digital Deposit invites businesses, law firms, and doctor offices to scan checks at their very-own location and send them to Beneficial electronically. The check images are processed and cleared, saving time and money.
A Benefici...
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Beneficial To Open New Office In Sicklerville With Family Fun Day
Jan 16, 2007
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Beneficial Savings Bank will open its newest office in Sicklerville, New Jersey on Saturday, February 3 with a Family Fun Day.
Between 10:30 a.m. and 2 p.m., there will be free face painting, balloon art, make-and-take crafts, karaoke and treast for children. Beneficial will also raffle off three video game consoles and serve refreshmen...
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Beneficial Offers Online Mortgage Application And Pre-Approval
Oct 30, 2006
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Beneficial Savings Bank announced today consumers can now apply for a mortgage at beneficialsavings.com and also get mortgage pre-approval in 24 hours. Those who apply online save $450 in application fees.
"Beneficial is excited to offer this new, convenient online service, providing consumers with more flexibility and ease in the appli...
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Beneficial Contributes To Archdiocesan Housing Initiative
Oct 30, 2006
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In an effort to help revitalize the Kensington neighborhood, Beneficial Savings Bank has invested $340,000 in the Archdiocesan Office for Community Development initiative to rehabilitate seventeen formerly vacant, blighted houses in the area for low-to-moderate income homeownership.
Marking the completion of the first home, Cardinal Jus...
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Beneficial President George Nise Announces Retirement, Gerard Cuddy Named To Assume Position In 2007
Oct 24, 2006
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Beneficial Savings Bank president and CEO, George Nise, today announced that he will be retiring in January, 2007 after a 36-year career with the bank. Gerard Cuddy will join the bank's executive team as president-elect on November 13th, 2006 and succeed Nise as president and CEO in January 2007.
"The Beneficial Savings Bank board of di...
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Beneficial and FMS Financial Sign Merger Agreement
Oct 13, 2006
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Philadelphia, PA and Burlington, NJ (October 13, 2006) -- Beneficial Mutual Bancorp, Inc., the parent of Beneficial Mutual Savings Bank (together, "Beneficial"), and FMS Financial Corporation (NASDAQ: FMCO), the parent of Farmers and Mechanics Bank (together, "FMS"), have signed a definitive merger agreement. Under the terms of the agreement, ...
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Beneficial Now Offers Identity Theft Protection
Sep 15, 2006
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Beneficial Savings Bank has begun offering an Identity Theft Protection Service to consumers in the greater Philadelphia region.
Identity theft can happen to anyone. By the time most victims realize they have been targeted, the damage has already been done. In fact, according to a recent study by the Federal Trade Commission, 23.7 milli...
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Beneficial Scholars Program Underway For 2006-07
Sep 13, 2006
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In keeping with its commitment to education, Beneficial Savings Bank is continuing the Beneficial Scholars Program for the 2006-07 academic year.
The initiative will award $5,000 scholarships to 10 college-bound high school seniors. Students in Bucks, Chester, Delaware, Montgomery, and Philadelphia counties in Pennsylvania, and Burlingt...
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Beneficial Introduces Free Interest Checking Account
Jul 10, 2006
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Beneficial Savings Bank began offering its new Free Interest Checking Account today to consumers.
The account features no minimum balance requirement, free Internet bill payment, online check imaging, and no ATM fees from Beneficial. In addition, Free Interest Checking customers can earn a $50 cash award for electing Direct Deposit and ...
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Beneficial Needs Your Assistance To Help The Homeless
May 30, 2006
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Beneficial Savings Bank is presently collecting non-perishable food items for CityTeam Ministries, a homeless shelter and second chance recovery program in Chester, Delaware County.
Between Tuesday, May 30 and Saturday, June 10, Beneficial is asking its employees and customers to deposit non-perishable dry food and/or canned goods in a ...
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Beneficial Offers Advice For Recent College Graduates
May 23, 2006
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Many college students and new graduates leave school with more than an education. "Besides their student loans, many young people graduate with thousands of dollars in credit card debt," said Beneficial Savings Bank Executive Vice President and Chief Lending Officer Drew Miller.
In fact, according to Nellie Mae, the nation's largest stu...
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