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Conscious Company Magazine | Thursday, July 21, 2016

Kat Taylor, Co-CEO of Oakland, Calif.-based Beneficial State Bank, was interviewed for the cover story of Conscious Company Magazine: “[Capital] has been deployed [in harmful ways] because it got anonymized. As soon as the banking system got big enough and the deposits all went into this big black box, then the bankers on the other side felt entitled to lend it to anything that would maximize return... I believe we can take the banking system back and make it govern in the public interest... We wouldn’t want depositors saying, ‘Lend to this company,’ or, ‘Lend to that nonprofit,’ but they should be able to look at our quarterly and annual track records and say, ‘Yep, I’m comfortable with that lending practice, so I’m staying here,’ or, ‘Nope! I don’t want any part of that, so I’m getting out.’”

CapNexus | Thursday, July 14, 2016

Partners for the Common Good (PCG) has released a new version of its CapNexus deal matching platform. CapNexus facilitates effective business relationships between capital seekers and capital providers by acting as a clearinghouse for ideas, experts and services. The new platform features an updated interface, refined search functionality and new promotional opportunities. It is free to sign up for CapNexus and start posting opportunity and deals. For more information about CapNexus membership, to request a demo or to learn more about promotional opportunities, please contact Carla Mannings and manningsc@pcgloanfund.org

Beneficial State Bank | Monday, June 20, 2016

Beneficial State Bank has announced the completion of its merger with Pan American Bank. The combined entity will operate as Beneficial State Bank. Robert Hughes, former CEO of Pan Am, will be a director at Beneficial State and president of a new consumer banking unit upon completion of the merger. “Our goal is to balance organic growth and mission-aligned mergers in order to be resilient under modern bank economics while we serve our communities more deeply," said Beneficial State co-CEO Dan Skaff. “The merger with Pan Am is an important step in fulfilling our five year goal of becoming a $3-5 billion bank serving local communities, providing growth opportunities for our colleagues and delivering on our social and environmental impact goals.”