Beneficial State Bank Celebrates Merger With Pan American Bank
Beneficial State Bank has completed its merger with Pan American Bank and is celebrating with a Toyota Prius giveaway. The merger will increase the size of Beneficial State to approximately $650 million in assets, allowing it to better meet the needs of underserved communities in the Central Valley and Los Angeles with financial products and services. “We are embarking on an exciting moment in our journey,” said Dan Skaff, Beneficial State Co-CEO and president. "We are bringing together extraordinary talent and partnering with innovative companies that provide forward-looking technology to deliver beneficial banking products and services to all families throughout California, Oregon and Washington."