Beneficial State Bank Expands to Santa Rosa and Adds a Multifamily Division

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Triple bottom-line financial institution expands lending suite to have a greater impact in the communities it serves.

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Beneficial State Bank (Beneficial State) recently recruited Scott Affens as Senior Vice President, Multifamily Division Head to lead their multifamily expansion and, opening and operating of their Santa Rosa, CA Loan Production Office. Also joining the Beneficial State team and Affens in the new Santa Rosa office is Brian Rose, VP, Relationship Manager.

Beneficial State’s newest loan production office in Santa Rosa will open on April 1, 2015. This comes with the bank’s expanded lending suite to multifamily opportunities throughout California, Oregon and Washington. Beneficial State offers a full line of banking products and services with a distinct focus on traditionally underserved low-income communities, sustainable businesses, job creation, green building, renewable energy, nonprofits and healthy food systems.

Sonoma County has long been an epicenter for progressive socially, environmentally, and financially minded residents. Given this, Beneficial State feels right at home in Santa Rosa. Since inception, they have been committed to a triple bottom-line of social justice, environmental well-being, and financial sustainability. They feel well suited to serve Sonoma County, particularly the rental housing needs of its low to moderate income residents.

Scott Affens joins Beneficial State after 16 years at Luther Burbank Savings, one of the leading Northern California commercial real estate lenders. Affens is experienced in all aspects of commercial real estate lending including: processing and closing, underwriting and credit, operations, 1031 exchanges, and serving as a loan committee member. As their Vice President and Major Loan Officer, Affens originated over $750MM in multifamily and commercial real state loans all over California during an eight year span. In 2010 he became the Northern California regional manager, overseeing several loan officers responsible for originating hundreds of millions more. Affens was born and raised in Northern California, living in Sonoma County for nearly all of his life, and regularly speaks at Santa Rosa Junior College Real Estate Finance classes.

Brian Rose joins Beneficial State with 17 years of commercial real estate and business lending experience in the North Bay; spending the majority of his career at community banks as a commercial loan officer; including National Bank of the Redwoods and North Valley Bank. Rose was born and raised in Lake County on his family’s pear ranch operation prior to earning a B.S. Degree from California State University Chico. Rose currently serves as a SAFE BIDCO loan committee member.


Beneficial State Bank is an FDIC-insured Community Development Financial Institution (CDFI) and certified B Corporation that serves businesses, nonprofits, and individuals. Beneficial State operates from a triple bottom-line measuring its financial, social, and environmental impact to meet the needs of its communities. And, Beneficial State has a one of a kind ownership structure-- its profits, when distributed, can only be distributed to Beneficial State Foundation to support our communities & environment. The bank is headquartered in Oakland, California with branches in Seattle, Washington, Portland, Oregon and loan production offices in Sacramento, California and Santa Rosa, California. For more information, visit

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Andrea Walker
Beneficial State Bank

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