Beneficial State Bancorp Hires First Employee to Lead M&A and Product Growth

Oakland, California (EastBayDaily) — The first employee of Beneficial State Bank’s Holding Company, Beneficial State Bancorp hired Jennifer Finger to serve as Executive Vice President of Strategy and Development.

Beneficial State is an innovative, triple bottom-line, FDIC- insured, Community Development Financial Institution (CDFI) and Certified B Corporation. Started in 2007, Beneficial State came from a shared vision of a financial institution that provides mission-aligned capital to community-based businesses, builds the long-term prosperity of responsible consumers and empowers organizations that have a commitment to the environment.

“Jennifer brings with her a wealth of experience having presided over multiple M&A transactions, payments processing businesses, and product R&D over the course of a long and accomplished career in banking,” said Kat Taylor, Beneficial State Co-Founder & Co-CEO. Taylor further added, “We are so lucky to have her talent, ken and mission drive as we explore new product and service offerings that enhance our mission and M&A opportunities that grow our impact.”

In Finger’s most recent role as Treasurer at Westamerica Bancorporation, she managed the Bank's investment portfolio, interest rate risk, mergers and acquisitions, personal trust administration, operations and investments, as well as merchant bankcard processing for Redwood Merchant Service. Redwood Merchant Service is ranked among the top thirty merchant bankcard acquirers in the U.S. Before taking on management responsibility for the trust and bankcard businesses, Finger served as CFO of Westamerica.

Prior to working at Westamerica, Jennifer was Senior Vice President of Corporate Development for Star Bank, where she led mergers and acquisition activity as well as investor relations. Before that, she held senior positions at Bank of America and Security Pacific in finance and treasury. Finger earned a BFA and a MBA from Southern Methodist University. She has a Masters of International Management from American Graduate School of International Management with a concentration in international finance.

                                                                

Beneficial State Bank is an FDIC-insured Community Development Financial Institution (CDFI) and certified B Corporation that serves businesses, nonprofits, and individuals. Beneficial State Bank operates from a triple bottom-line measuring its financial, social, and environmental impact to meet the needs of its communities. And, Beneficial State has a one of a kind ownership structure– its profits, when distributed, can only be distributed to Beneficial State Foundation to support our communities & environment. The bank is headquartered in Oakland, California with branches in Seattle, Washington, Portland, Oregon and loan production offices in Sacramento, CA and Santa Rosa, CA. For more information, visit http://www.beneficialstate.com.

Contacts

Andrea Walker

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