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Beneficial State Bank in Oakland

November 14, 2019

Empowering Changemakers

From fairly priced checking accounts for individuals and families that help you stay on track, to business and nonprofit financial tools that assist you in growing your organization, our lending and deposit products are designed for changemakers working toward creating a new economy, where we all thrive.

Tom Steyer is an active citizen, business leader and philanthropist working to ensure that everyone shares the benefits of economic opportunity, education, and a healthy climate.

Tom’s dedication to public service is greatly inspired by his wife, Kat, the co-CEO of Beneficial State Bank in Oakland. They founded the nonprofit community bank in 2007 to provide loans to the underserved in California and along the West Coast.

The bank’s mission is to bring banking to low-income communities by providing credit to constructive businesses and nonprofits. It focuses on transformative sectors in a community to provide economic justice and environmental sustainability to that sector, while investing any profits back into the community…(more)


This is not public bank, it is a non-profit community bank, but, it may be good to look at the operations to see how it works and how successful it is in fulfilling the goals and staying in business.

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