What You Need to Know

• Beneficial State Bank targets underserved businesses, nonprofits and individuals on the West Coast.
• Its employees unionized last year.
• Beneficial's GC said recognizing the union fit with the bank's mission.

Many businesses have struggled to hire and retain workers throughout the pandemic. Richard Harvey figures Beneficial State Bank had an easier time navigating the Great Resignation than most.

Harvey, the executive vice president, general counsel and director of compliance risk at the Oakland, California-based bank, attributes this to the same reason he himself was drawn to join and remain at Beneficial State Bank: its status as a mission-driven company.

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Read Full Story: https://www.law.com/corpcounsel/2022/02/04/how-first-bank-to-unionize-in-40-y...