Following the campus openings, Beneficial Bank will host free financial workshops that focus on a wide range of money topics such as saving, borrowing, business borrowing and financial planning.For more information about Beneficial Bank and the Cherry Hill campuses, visit www.thebeneficial.com/cherryhill. About Beneficial Bank Founded in 1853, Beneficial Bank is the oldest and largest bank headquartered in Philadelphia. It is a community-based, full-service financial services company that has served individuals and businesses in the Delaware Valley for 157 years. With 65+ helpful offices in the greater Philadelphia and South Jersey regions and $4.7 billion in assets, Beneficial offers a full array of financial products that includes commercial, consumer and real estate lending, insurance and wealth management. Visit www.thebeneficial.com for more information.
In its ongoing efforts to develop innovative ways of educating customers Beneficial Bank, a full-service bank that specializes in serving the financial needs of the greater Philadelphia and South Jersey regions, will unveil a new, education-themed retail banking concept in Cherry Hill, New Jersey on May 15. “Beneficial Bank is not only a bank, it is an education company that puts a priority on providing customers with the tools and resources that they need to become smarter about their money and do the right thing financially,” said Gerard P. Cuddy, President and CEO of Beneficial Bank. “Our two new campuses in Cherry Hill are a representation of Beneficial’s education philosophy and we plan for these innovative retail banks to become the blueprint for the next generation of Beneficial Banks. I am so pleased that Cherry Hill, an area where we already have a large number of customers, is the first community where we unveil this new approach to banking.” As a part of Beneficial Bank’s education mission and to commemorate its introduction to the community, the bank will donate $20,000 to the Cherry Hill Public Schools to support financial literacy education at Cherry Hill High School West and Cherry Hill High School East in the 2010-2011 school year. “As a community bank, Beneficial Bank has always given back to the neighborhoods where we are located,” said Cuddy. “We are so honored that we are able to contribute to the financial education of students in the Cherry Hill Public Schools. Financial values taught at a young age make a lasting impact and create fiscally responsible adults.” Named “campuses”, the two new, modern bank locations are designed to be community and learning hubs. The campuses are located at 818 Haddonfield Road and Route 70 at Springdale Road in Cherry Hill. Unique features in both Beneficial Bank campuses include: