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A ribbon cutting ceremony marks the merger of two community-driven banks as the former Albina Community Bank becomes the newly named Beneficial State Bank branch on Northeast Martin Luther King Jr. Boulevard.  Pictured are Randell Leach, president and chief operating officer of Beneficial State Bank, and Kat Taylor, the bank’s co-founder and chief executive officer,

A ribbon cutting ceremony marks the merger of two community-driven banks as the former Albina Community Bank becomes the newly named Beneficial State Bank branch on Northeast Martin Luther King Jr. Boulevard. Pictured are Randell Leach, president and chief operating officer of Beneficial State Bank, and Kat Taylor, the bank’s co-founder and chief executive officer,

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Community-Driven Banks Merge

Combining the financial strength and clout of two financial institutions is intended to boost banking services to low and moderate-income communities, and provide financing for renewable energy, affordable housing, and women and minority-owned businesses.