Beneficial Mutual Bancorp (BNCL) Decides Not to Participate in Treasury's Capital Purchase Program
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- Beneficial Mutual Bancorp (BNCL) Decides Not to Participate in Treasury's Capital Purchase Program
Beneficial Mutual Bancorp, Inc. (Nasdaq: BNCL) today announced today that it will not apply for funds available through the U.S. Treasury's Capital Purchase Program.
Gerard Cuddy, Beneficial's President and CEO, said, "After careful consideration, we have decided not to participate in the Treasury's Capital Purchase Program. Beneficial is very well-capitalized, and enjoys significant liquidity and a strong balance sheet. We are well positioned to meet our customers' needs and to execute on our growth strategies."
Beneficial Mutual Bancorp, Inc. operates as the bank holding company for Beneficial Mutual Savings Bank that provides consumer and commercial banking services for individuals and businesses in the United States.
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