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December 4, 2020

Beneficial State Bank

Beneficial State Bank, a community bank with locations in Washington, Oregon and California, added two members to its board of directors: Antoinette Malveaux and Reggie Brown. Malveaux was president and CEO of the National Black MBA Association and is currently the managing director of strategic engagement and initiatives for Casey Family Programs. Brown was the first senior financial executive of Microsoft's digital media group and is now board chair of Rainier Scholars, a Seattle-based educational enrichment organization. These board additions come amid new proposed rules from Nasdaq, requiring public companies to have at least one woman on their boards and one individual who is either a person of color or who self-identifies as LGBTQ+. In addition, Rocky Fried, who was a founding board member of Beneficial State Bank, is retiring from his position.




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