BNCL Profile
Beneficial Mutual Bancorp, Inc. (BNCL) is a publicly-traded bank holding company that provides a range of banking and financial services to customers in the Philadelphia and Southern New Jersey regions. The company was founded in 1853 and is headquartered in Philadelphia, Pennsylvania.
BNCL operates through its subsidiary, Beneficial Bank, which offers a variety of banking services, including deposit accounts, personal and commercial loans, mortgages, and wealth management services. The bank has over 50 branches located throughout Pennsylvania and New Jersey and serves individuals, businesses, and non-profit organizations in the region.
As of today, BNCL is still a publicly-traded company on the NASDAQ stock exchange under the ticker symbol BNCL. In 2019, Beneficial Bank announced that it would be merging with WSFS Financial Corporation, a bank holding company based in Delaware. The merger was completed in 2020, and Beneficial Bank is now a division of WSFS Bank, a subsidiary of WSFS Financial Corporation.
It's important to note that investing in bank holding companies like BNCL carries certain risks, including the potential for market fluctuations, regulatory risks, and credit risks. Additionally, the recent merger with WSFS Financial Corporation may have an impact on the company's financial performance and stock price. It's important to carefully consider the risks and consult with a financial advisor before making any investment decisions.
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