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.”