Beneficial Bancorp, Inc. operates as a holding company for Beneficial Bank that provides consumer and commercial banking services to individuals, businesses, and nonprofit organizations in the greater Philadelphia and Southern New Jersey area. It accepts various deposit products, including non-interest bearing demand deposits comprising individual checking accounts; interest-bearing demand accounts, such as NOW, municipal, and money market accounts; savings accounts; certificates of deposit; commercial checking accounts; and checking accounts for small businesses, as well as offers cash management services consisting of remote deposit, lockbox service, and sweep accounts. The company also provides commercial loans consisting of business loans, commercial real estate loans, and commercial construction loans; consumer loans comprising automobile loans, home equity loans, and lines of credit; personal loans, such as recreational vehicles, manufactured housing and marine loans, and educational loans; and residential loans, including one-to-four family residential real estate loans and one-to-four family residential construction loans. In addition, it offers insurance and wealth management services. As of February 26, 2015, the company operated through 58 offices. The company was founded in 1853 and is headquartered in Philadelphia, Pennsylvania.