Why is Beneficial Mutual Savings Bank merging with Farmers & Mechanics Bank?
The merger is expected to solidify Beneficial Mutual Savings Bank’s position as the largest Philadelphia-based bank with more than $3.5 billion in assets and a network of over 80 neighborhood banking offices throughout the Delaware Valley. The combined institution will offer a full array of financial products encompassing retail and commercial banking including commercial, consumer and real estate lending, insurance and brokerage operations.
Related Questions
- Will the Board of Trustees of Beneficial Mutual Savings Bank and the Board of Directors of Beneficial Mutual Bancorp, Inc. remain the same after the merger closes?
- Why is Beneficial Mutual Savings Bank merging with Farmers & Mechanics Bank?
- Why is MB Financial merging with First Security Federal Savings Bank?
