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Albina Commuinity Bank branches in Portland will become Beneficial State Bank in a merger of two banks with a mission to create economic development to serve disadvantaged and ethnically diverse communities.

Albina Commuinity Bank branches in Portland will become Beneficial State Bank in a merger of two banks with a mission to create economic development to serve disadvantaged and ethnically diverse communities.

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Mission-Alligned Banks Merge

Albina turns to Beneficial with combined resources

Albina Commuinity Bank, a financial institution in Portland created to help finance economic development projects from disadvantaged and ethnically diverse individuals and communities, will merge with another mission-alligned bank, Beneficial State Bank.