Beneficial State Bank's 2014 Annual Beneficial Banking Report caps a year of major change for the bank. In July, Beneficial launched a major rebranding which included dropping its former name, One PacificCoast Bank. Beneficial State Bank lent $347 million in 2014, 81 percent of which went to mission-oriented causes. In 2014, Beneficial provided $156,900 in sponsorships to community organizations – ten percent of its total profits. Also in 2014, Beneficial launched the Personal Builder Loan, a consumer loan targeted at the underserved offered in partnership with LendUp Technologies. Beneficial has taken major steps to cut carbon emissions, cutting its greenhouse gas emissions 27% per FTE since 2011 and purchasing carbon offsets to become carbon-neutral.