Michael Fratarcangeli, Lynn Marie Auzenne and Lawrence Henry Three have joined the Beneficial State Bank leadership team to expand marketing and communications capacity, drive retail banking growth and help build a high-performance, mission-driven bank.

Fratarcangeli, Beneficial State’s new executive vice president and chief financial officer, will implement and lead several strategic financial initiatives. He will focus on Beneficial State’s commitment to a triple-bottom-line of financial stability, environmental sustainability, and social equity.

Fratarcangeli brings more than 20 years of finance and accounting leadership experience from Bank of America, Bank of the West, and other financial institutions.

Auzenne joined as senior vice president and chief marketing officer. Auzenne will leverage her background in digital and financial product design as she drives a culture of innovation around product development to further engage clients. Prior to joining Beneficial State, Auzenne held management and leadership positions at Charles Schwab, Wells Fargo, and First Republic Bank.

Henry is Beneficial State’s new senior vice president and head of retail banking. Henry is driving organic growth across the bank’s footprint and optimizing retail sales, service, and operations. Henry has more than 20 years of experience as the former head of retail at CTBC Bank and the managing director and regional president of Consumer and Business Banking at MUFG Union Bank.

“We are building a high-performance mission-driven organization. We are excited and grateful to be adding this amazing talent to help our existing seasoned team take it to the next level and amplify our community and environmental outcomes,” said Randell Leach, president, and chief operating officer.

Beneficial State Bank is a state-chartered, federally insured Community Development Financial Institution headquartered in Oakland, CA.