You would expect something beneficial from the city of brotherly love. Beneficial Bancorp is the holding company for Beneficial Bank, which serves the greater Philadelphia area and southern New Jersey through about 65 branches. Founded in 1853 as Beneficial Mutual Savings Bank, the bank provides traditional deposit products such as checking, savings, and money market accounts; IRAs; and CDs. Commercial real estate, business, and construction loans together account for nearly half of the company's loan portfolio; consumer loans (nearly 30%) and residential mortgages (almost 25%) round out its lending activities.