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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-K
 (Mark One)
 þ
    
    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the fiscal year ended December 31, 2010
 OR
 þ
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from _____________ to _____________
 Commission File Number: 1-33476
 BENEFICIAL MUTUAL BANCORP, INC.
  United States
    
    56-2480744(State or other jurisdiction of
    
    (I.R.S. Employer Identification No.)incorporation or organization)510 Walnut Street, Philadelphia, Pennsylvania
    
    19106(Address of principal executive offices)
    
    (Zip Code)
 215) 864-6000
  Title of each class
    
    Name of each exchange on which registeredCommon Stock, par value $0.01 per share
    
    Nasdaq Stock Market, LLC
 None
 o þ
 o þ
 þ o
 o o
 o
   Large Accelerated Filer o
    
    Accelerated Filer þ
    
    Non-Accelerated Filer o
    
    Smaller Reporting Company o
 o þ
  DOCUMENTS INCORPORATED BY REFERENCE




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##### 



INDEX
 PagePart IItem 1. Business
    
    
    2Item 1A. Risk Factors
    
    
    20Item 1B. Unresolved Staff Comments
    
    
    24Item 2. Properties
    
    
    24Item 3. Legal Proceedings
    
    
    25Item 4. [Removed and Reserved]
    
    
    25Part IIItem 5 Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
    
    
    25Item 6. Selected Financial Data
    
    
    26Item 7. Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    26Item 7A. Quantitative and Qualitative Disclosures About Market Risk
    
    
    26Item 8. Financial Statements and Supplementary Data
    
    
    26Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
    
    
    26Item 9A. Controls and Procedures
    
    
    26Item 9B. Other Information
    
    
    29Part IIIItem 10. Directors, Executive Officers and Corporate Governance
    
    
    29Item 11. Executive Compensation
    
    
    29Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
    
    
    29Item 13. Certain Relationships and Related Transactions, and Director Independence
    
    
    30Item 14. Principal Accounting Fees and Services
    
    
    31Part IVItem 15. Exhibits and Financial Statement Schedules
    
    
    31SIGNATURES
    
    
    32Exhibit 13.0Exhibit 23.1Exhibit 31.1Exhibit 31.2Exhibit 32.0




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This annual report contains forward-looking statements that are based on assumptions and may
describe future plans, strategies and expectations of Beneficial Mutual Bancorp, Inc. These
forward-looking statements are generally identified by use of the words believe, expect,
intend, anticipate, estimate, project or similar expressions. Beneficial Mutual Bancorp,
Inc.s ability to predict results or the actual effect of future plans or strategies is inherently
uncertain. Factors which could have a material adverse effect on the operations of Beneficial
Mutual Bancorp, Inc. and its subsidiary include, but are not limited to, changes in interest rates,
national and regional economic conditions, legislative and regulatory changes, monetary and fiscal
policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve
Board, the quality and composition of the loan or investment portfolios, demand for loan products,
deposit flows, competition, demand for financial services in Beneficial Mutual Bancorp, Inc.s
market area, changes in real estate market values in Beneficial Mutual Bancorp, Inc.s market area,
changes in relevant accounting principles and guidelines and inability of third party service
providers to perform. Additional factors that may affect our results are discussed in Item 1A to
this annual report titled Risk Factors below.
 These risks and uncertainties should be considered in evaluating forward-looking statements and
undue reliance should not be placed on such statements. Except as required by applicable law or
regulation, Beneficial Mutual Bancorp, Inc. does not undertake, and specifically disclaims any
obligation, to release publicly the result of any revisions that may be made to any forward-looking
statements to reflect events or circumstances after the date of the statements or to reflect the
occurrence of anticipated or unanticipated events.
 Unless the context indicates otherwise, all references in this annual report to Company, we,
us and our refer to Beneficial Mutual Bancorp, Inc. and its subsidiaries.
 
 PART I
 
 Item 1.
    
    BUSINESS
 General
       2




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Market Area
     Competition
      3




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Lending Activities
     One-to-Four Family Residential Loans .
     4




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Commercial Real Estate Loans .
 The Wall Street Journal
  Commercial Loans. The Wall Street Journal
   Consumer Loans .
 The Wall Street Journal
  The Wall Street Journal Managements Discussion and Analysis of Financial Condition and Results of OperationsRisk
ManagementLiquidity Management
  5




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Credit Risks.
 Commercial Real Estate Loans
 Commercial Business Loans
 Commercial Construction Loans.
 Residential Real Estate.
 Residential Construction Loans.
 Consumer Home Equity and Equity Lines of Credit
  6




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Consumer Personal Loans.
 Consumer Education Loans.
 Auto Loans
 Loan Originations and Purchases
  Loan Approval Procedures and Authority
 Loans to One Borrower
 Loan Commitments
 Delinquent Loans. Managements Discussion and Analysis of Financial Condition and Results of
Operations  Risk Management
  7




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Deposit Activities and Other Sources of Funds
 General.
 Deposit Accounts.
   Certificate of Deposit Account Registry Service (CDARS).
 Brokered Certificates of Deposit.
 Borrowings.
 Personnel
  Subsidiaries
    8




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9




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REGULATION AND SUPERVISION
  General
    Bank Regulation
 Pennsylvania Savings Bank Law.
 Investments and
Activities
 Regulatory Capital Requirements.
  10




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Restrictions on Dividends.
 Interstate Banking and Branching.
 Prompt Corrective Regulatory Action.
    11




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Investments and Activities.
 Transactions with Related Parties. e.g
  Enforcement.
 Standards for Safety and Soundness.
 Insurance of Deposit Accounts.
    12




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Federal Home Loan Bank System.
 Community Reinvestment Act.
  13




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Other Regulations.
 
    
    Truth-In-Lending Act, governing disclosures of credit terms to consumer borrowers;
 
    
    Home Mortgage Disclosure Act of 1975, requiring financial institutions to provide
information to enable the public and public officials to determine whether a financial
institution is fulfilling its obligation to help meet the housing needs of the
community it serves;
 
    
    Equal Credit Opportunity Act, prohibiting discrimination on the basis of race, creed
or other prohibited factors in extending credit;
 
    
    Fair Credit Reporting Act of 1978, governing the use and provision of information to
credit reporting agencies;
 
    
    Fair Debt Collection Practices Act, governing the manner in which consumer debts may
be collected by collection agencies; and
 
    
    Rules and regulations of the various federal agencies charged with the
responsibility of implementing such federal laws.
  
    
    Right to Financial Privacy Act, which imposes a duty to maintain confidentiality of
consumer financial records and prescribes procedures for complying with administrative
subpoenas of financial records;
 
    
    Electronic Funds Transfer Act and Regulation E promulgated there under, which
establishes the rights, liabilities and responsibilities of consumers who use
electronic fund transfer (EFT) services and financial institutions that offer these
services; its primary objective is the protection of individual consumers in their
dealings with these services;
 
    
    Check Clearing for the 21st Century Act (also known as Check 21), which
allows banks to create and receive substitute checks (paper reproduction of the
original check), and discloses the customers rights regarding substitute checks
pertaining to these items having the same legal standing as the original paper check;
 
    
    Title III of The Uniting and Strengthening America by Providing Appropriate Tools
Required to Intercept and Obstruct Terrorism Act of 2001 (referred to as the USA
PATRIOT Act), and the related regulations of the OTS, which require savings
associations operating in the United States to develop new anti-money laundering
compliance programs (including a customer identification program that must be
incorporated into the AML compliance program), due diligence policies and controls to
ensure the detection and reporting of money laundering; and
 
    
    The Gramm-Leach-Bliley Act, which prohibits a financial institution from disclosing
nonpublic personal information about a consumer to nonaffiliated third parties, unless
the institution satisfies various notice and opt-out requirements.
 
    
    The Fair and Accurate Reporting Act of 2003, as an amendment to the Fair Credit
Reporting Act, as noted previously, which includes provisions to help reduce identity
theft by providing procedures for the identification, detection, and response to
patterns, practices, or specific activities  known as red flags.
 Holding Company Regulation
 General.
  14




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i.e.
   Restrictions Applicable to Mutual Holding Companies.
    Stock Holding Company Subsidiary Regulation.
  15




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Waivers of Dividends by Beneficial Savings Bank MHC.
  Capital Requirements.
 Conversion of Beneficial Savings Bank MHC to Stock Form.
  Acquisition of Control.
  16




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Financial Reform Legislation
  Income Taxation
 General.
  Bad Debt Reserves.
 Distributions.
  State Taxation
 Pennsylvania Taxation.
  17




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Philadelphia Taxation.
 New Jersey Taxation.
  18




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Executive Officers of the Registrant
  Name
    
    PositionGerard P. Cuddy
    
    President and Chief Executive Officer of the MHC, the
Company and the BankThomas D. Cestare
    
    Executive Vice President and Chief Financial Officer of
the MHC, the Company and the BankAndrew J. Miller
    
    Executive Vice President and Chief Lending Officer of
the MHC, the Company and the BankRobert J. Bush
    
    Executive Vice President of the MHC, the Company and the
BankDenise Kassekert
    
    Executive Vice President of the MHC, the Company and the
Bank
  Thomas D. Cestare
 Andrew J. Miller
 Robert J. Bush
 Denise Kassekert
  19




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Item 1A.
    
    RISK FACTORS
 A continued deterioration in national and local economic conditions may negatively impact our
financial condition and results of operations.
   Continued turmoil in the financial markets could have an adverse effect on our financial position
or results of operations.
  Our business is subject to interest rate risk and variations in interest rates may negatively
affect our financial performance.
   20




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Our emphasis on commercial real estate, commercial construction and commercial business loans may
expose us to increased lending risks.
    A substantial portion of our loan portfolio consists of consumer loans secured by rapidly
depreciable assets.
  We rely heavily on high-average balance municipal deposits as a source of funds and a reduced level
of those deposits may adversely affect our liquidity and our profits.
  Strong competition within our market area could hurt our profits and slow growth.
   21




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Special Federal Deposit Insurance Corporation assessments and increased base assessment rates by
the Federal Deposit Insurance Corporation will decrease our earnings.
  We operate in a highly regulated environment and we may be adversely affected by changes in laws
and regulations.
  The Preparation of Beneficials Tax Returns Requires the Use of Estimates &
Interpretations of Complex Tax Laws and Regulations and Are Subject to Review
By Taxing Authorities.
   22




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Recently enacted legislative reforms and future regulatory reforms required by such legislation
could have a significant impact on our business, financial condition and results of operations.
   23




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The issuance of shares for benefit programs may dilute your ownership interest.
  Our low return on equity may negatively affect our stock price.
  Beneficial Savings Bank MHCs majority control of our common stock enables it to exercise voting
control over most matters put to a vote of stockholders and will prevent stockholders from forcing
a sale or a second-step conversion transaction they may find advantageous.
  OTS regulations and anti-takeover provisions in our charter restrict the accumulation of our common
stock, which may adversely affect our stock price.
  
 Item 1B.
    
    UNRESOLVED STAFF COMMENTS
  
 ITEM 2.
    
    PROPERTIES
   24




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Item 3.
    
    LEGAL PROCEEDINGS
  
 Item 4.
    
    [REMOVED AND RESERVED]
 
 PART II
 
 Item 5.
    
    MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF
EQUITY SECURITIES
 Market for Common Equity and Related Stockholder Matters
  Purchases of Equity Securities
   Total NumberOf SharesPurchased
    
    
    Maximumas Part of
    
    
    Number of SharesTotal
    
    
    
    
    
    
    Publicly
    
    
    that May Yet BeNumber of
    
    
    Average
    
    
    Announced Plans
    
    
    Purchased UnderShares
    
    
    Price Paid
    
    
    or
    
    
    the Plans orPeriod
    
    Purchased
    
    
    Per Share
    
    
    Programs
    
    
    Programs(1)October 1 through October 31, 2010
    
    
    150,000
    
    
    $
    7.42
    
    
    
    150,000
    
    
    
    762,680November 1 through November 30, 2010
    
    
    459,000
    
    
    
    7.64
    
    
    
    459,000
    
    
    
    303,680December 1 through December 31, 2010
    
    
    30,000
    
    
    
    7.93
    
    
    
    30,000
    
    
    
    273,680
 
 (1)
    
    On September 22, 2008, the Company announced that, on September 18, 2008, its Board
of Directors had approved a stock repurchase program authorizing the Company to purchase up
to 1,823,584 shares of the Companys common stock.   25




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Item 6.
    
    SELECTED CONSOLIDATED FINANCIAL AND OTHER DATA
 Selected Consolidated Financial and Other Data
 
 Item 7.
    
    MANAGEMENTS DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION
 Managements Discussion and Analysis of Results of Operations and Financial Condition
 
 Item 7A.
    
    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
 Managements Discussion and Analysis of Results of Operations and Financial Condition
 
 Item 8.
    
    FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
 Consolidated Financial Statements
 
 Item 9.
    
    CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
  
 Item 9A.
    
    CONTROLS AND PROCEDURES
   26




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Managements Report on Internal Control Over Financial Reporting
      /s/
Gerard P. Cuddy
    
    /s/ Thomas D. CestareGerard P. Cuddy
    
    Thomas D. CestarePresident and Chief Executive Officer
    
    Executive Vice President and Chief Financial Officer
  27




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REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM To the Board of Directors and
Stockholders of 
Beneficial Mutual Bancorp, Inc. and Subsidiaries

Philadelphia, Pennsylvania We have audited the internal control
over financial reporting of Beneficial Mutual Bancorp, Inc. and subsidiaries
(the “Company”) as of December 31, 2010, based on criteria
established in Internal Control — Integrated Frameworkissued by
the Committee of Sponsoring Organizations of the Treadway Commission. Because
management’s assessment and our audit were conducted to meet the
reporting requirements of Section 112 of the Federal Deposit Insurance
Corporation Improvement Act (FDICIA), management’s assessment and our
audit of the Company’s internal control over financial reporting included
controls over the preparation of the schedules equivalent to the basic
financial statements in accordance with the Federal Financial Institutions
Examination Council Instructions for Consolidated Reports of Condition and
Income for Schedules RC, RI, RI-A. The Company’s management is
responsible for maintaining effective internal control over financial reporting
and for its assessment of the effectiveness of internal control over financial
reporting, included in the accompanying Management’s Report on Internal
Control Over Financial Reporting. Our responsibility is to express an opinion
on the Company’s internal control over financial reporting based on our
audit. We conducted our audit in accordance
with the standards of the Public Company Accounting Oversight Board (United
States). Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether effective internal control over financial
reporting was maintained in all material respects. Our audit included obtaining
an understanding of internal control over financial reporting, assessing the
risk that a material weakness exists, testing and evaluating the design and
operating effectiveness of internal control based on the assessed risk, and
performing such other procedures as we considered necessary in the
circumstances. We believe that our audit provides a reasonable basis for our
opinion. A company’s internal control over
financial reporting is a process designed by, or under the supervision of, the
company’s principal executive and principal financial officers, or
persons performing similar functions, and effected by the company’s board
of directors, management, and other personnel to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally
accepted accounting principles. A company’s internal control over
financial reporting includes those policies and procedures that
(1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of the assets
of the company; (2) provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial statements in
accordance with generally accepted accounting principles, and that receipts and
expenditures of the company are being made only in accordance with
authorizations of management and directors of the company; and (3) provide
reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use, or disposition of the company’s assets that could have
a material effect on the financial statements. Because of the inherent limitations of
internal control over financial reporting, including the possibility of
collusion or improper management override of controls, material misstatements
due to error or fraud may not be prevented or detected on a timely basis. Also,
projections of any evaluation of the effectiveness of the internal control over
financial reporting to future periods are subject to the risk that the controls
may become inadequate because of changes in conditions, or that the degree of
compliance with the policies or procedures may deteriorate. In our opinion, the Company maintained,
in all material respects, effective internal control over financial reporting
as of December 31, 2010, based on the criteria established in Internal
Control — Integrated Frameworkissued by the Committee of Sponsoring
Organizations of the Treadway Commission. We have also audited, in accordance
with the standards of the Public Company Accounting Oversight Board (United
States), the consolidated financial statements as of and for the year ended
December 31, 2010 of the Company and our report dated March 11, 2011
expressed an unqualified opinion on those financial statements. /s/ Deloitte & Touche LLP

  
Philadelphia, Pennsylvania 
March 11, 2011  28




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Item 9B.
    
    OTHER INFORMATION
  
 PART III
 
 Item 10.
    
    DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
 Board of Directors
 Items to be Voted on by StockholdersItem 1Election of Directors
 Executive Officers
 Business Executive Officers of the Registrant
 Compliance with Section 16(a) of the Securities Exchange Act of 1934
 Other Information Relating
to Directors and Executive OfficersSection 16(a) Beneficial Ownership Reporting Compliance
 Disclosure of Code of Ethics
 Corporate GovernanceCode of Ethics and Business Conduct www.thebeneficial.com
 Corporate Governance
 Corporate Governance  Committees of the Board of Directors 
Audit Committee
 
 Item 11.
    
    EXECUTIVE COMPENSATION
 Executive Compensation
 Compensation Discussion
and Analysis, Executive Compensation Director Compensation
 Corporate Governance
 Report of the
Compensation Committee
 
 Item 12.
    
    SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDERS
MATTERS
 (a)
    
    Security Ownership of Certain Beneficial OwnersInformation required by this item is incorporated herein by reference to the section captioned
Stock Ownershipin Beneficial Mutual Bancorp, Inc.s Proxy Statement for the 2011 Annual
Meeting of Stockholders.
  29




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(b)
    
    Security Ownership of ManagementInformation required by this item is incorporated herein by reference to the section captioned
Stock Ownershipin Beneficial Mutual Bancorp, Inc.s Proxy Statement for the 2011 Annual
Meeting of Stockholders.(c)
    
    Changes in ControlManagement of the Company knows of no arrangements, including any pledge by any person or
securities of the Company the operation of which may at a subsequent date result in a change
in control of the registrant.(d)
    
    Equity Compensation Plan Information
  (c)Number of securities(a)
    
    
    (b)
    
    
    remaining available forNumber of securities
    
    
    Weighted-average
    
    
    future issuance underto be issued upon exercise
    
    
    exercise price of
    
    
    equity compensationof outstanding options,
    
    
    outstanding options,
    
    
    plans (excluding securitiesPlan category
    
    warrants and rights
    
    
    warrants and rights
    
    
    reflected in column (a))Equity compensation
plans approved by
security holders
    
    
    2,001,950
    
    
    
    11.21
    
    
    
    1,983,415Equity compensation
plans not approved
by security holders
    
    
    -0-
    
    
    
    -0-
    
    
    
    -0-Total
    
    
    2,001,950
    
    
    
    11.21
    
    
    
    1,983,415
 
 Item 13.
    
    CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
 Certain Relationships and Related Transactions
 Other Information Relating to Directors and Executive OfficersTransactions with Related Persons
 Corporate Governance
 Corporate
GovernanceDirector Independence
  30




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Item 14.
    
    PRINCIPAL ACCOUNTANT FEES AND SERVICES
 Items
to Be Voted on By StockholdersItem 3Ratification of Independent Registered Public Accounting
Firm
 
 PART IV
 
 Item 15.
    
    EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
 (1)
    
    The financial statements required in response to this item are incorporated herein by
reference from Item 8 of this Annual Report on Form 10-K.
 (2)
    
    All financial statement schedules are omitted because they are not required or applicable, or
the required information is shown in the consolidated financial statements or the notes
thereto.
 (3)
    
    Exhibits
 No.
    
    Description3.1
    
    
    Charter of Beneficial Mutual Bancorp, Inc. (1)3.2
    
    
    Bylaws of Beneficial Mutual Bancorp, Inc. (2)4.1
    
    
    Stock Certificate of Beneficial Mutual Bancorp, Inc. (1)10.1
    
    
    Amended and Restated Employment Agreement between Beneficial Mutual Bancorp,
Inc., Beneficial Bank and Gerard P. Cuddy * (3)10.2
    
    
    Employment Agreement between Beneficial Mutual Bancorp, Inc., Beneficial Bank
and Thomas D. Cestare * (4)10.3
    
    
    Amended and Restated Employment Agreement between Beneficial Mutual Bancorp,
Inc., Beneficial Bank and Andrew J. Miller * (3)10.4
    
    
    Amended and Restated Employment Agreement between Beneficial Mutual Bancorp,
Inc., Beneficial Bank and Robert J. Bush * (3)10.5
    
    
    Amended and Restated Employment Agreement between Beneficial Mutual Bancorp,
Inc., Beneficial Bank and Denise Kassekert * (3)10.6
    
    
    Amendment to Beneficial Mutual Savings Bank Executive Salary Continuation Plan
for Andrew J. Miller* (3)10.7
    
    
    Supplemental Pension and Retirement Plan of Beneficial Mutual Savings Bank* (3)10.8
    
    
    Second Amendment to the Beneficial Mutual Savings Bank Board of Managers Non-Vested
Deferred Compensation Plan* (3)10.9
    
    
    Beneficial Mutual Bancorp, Inc. 2008 Equity Incentive Plan* (5)10.10
    
    
    Beneficial Bank Board of Trustees Non-vested Deferred Compensation Plan * (1)10.11
    
    
    Beneficial Bank Stock-Based Deferral Plan * (1)10.12
    
    
    Severance Pay Plan for Eligible Employees of Beneficial Mutual Savings Bank * (6)10.13
    
    
    Separation Agreement and General Release between Beneficial Mutual Bancorp,
Inc., Beneficial Bank and Joseph F. Conners * (7)13.0
    
    
    Annual Report to Stockholders21.0
    
    
    Subsidiary information is incorporated herein by reference to Part I, Item 1  Subsidiaries23.1
    
    
    Consent of Deloitte & Touche LLP31.1
    
    
    Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer31.2
    
    
    Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer32.0
    
    
    Section 1350 Certification of Chief Executive Officer and Chief Financial Officer
 
 *
    
    Management contract or compensatory plan, contract or arrangement.(1)
    
    Incorporated herein by reference to the exhibits to the Companys Registration
Statement on Form S-1 (File No. 333-141289), as amended, initially filed with the
Securities and Exchange Commission on March 14, 2007.(2)
    
    Incorporated herein by reference to the Companys Current Report on Form 8-K
filed with the Securities and Exchange Commission on July 19, 2010.(3)
    
    Incorporated herein by reference to the Companys Quarterly Report on Form 10-Q
filed with the Securities and Exchange Commission on May 11, 2009.(4)
    
    Incorporated herein by reference to the Companys Current Report on Form 8-K
filed with the Securities and Exchange Commission on June 16, 2010.(5)
    
    Incorporated herein by reference to the appendix to the Companys definitive
proxy materials on Schedule 14A filed with the Securities and Exchange Commission on
April 16, 2008.(6)
    
    Incorporated herein by reference to the Companys Current Report on Form 8-K
filed with the Securities and Exchange Commission on October 12, 2007.(7)
    
    Incorporated herein by reference to the Companys Current Report on Form 8-K
filed with the Securities and Exchange Commission on April 6, 2010.  31




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SIGNATURES
  BENEFICIAL MUTUAL BANCORP, INC.Date: March 11, 2011
    By:
    /s/
Gerard P. CuddyGerard P. Cuddy
President and Chief Executive Officer  Name
    
    Title
    
    Date/s/
Gerard P. Cuddy
Gerard
P. Cuddy
    
    President, Chief Executive Officer
and Director

(principal executive officer)
    
    March 11, 2011/s/
Thomas D. Cestare
Thomas
D. Cestare
    
    Executive Vice President and Chief
Financial Officer

(principal financial and
accounting officer)
    
    March 11, 2011/s/ Edward G. Boehne
Edward G. Boehne
    
    Director
    
    March 11, 2011/s/ Karen Buchholz
Karen Buchholz
    
    Director
    
    March 11, 2011/s/ Frank A. Farnesi
Frank A. Farnesi
    
    Director
    
    March 11, 2011/s/ Donald F. Gayhardt
Donald F. Gayhardt
    
    Director
    
    March 11, 2011/s/ Elizabeth H. Gemmill
Elizabeth H. Gemmill
    
    Director
    
    March 11, 2011/s/ Thomas F. Hayes
Thomas F. Hayes
    
    Director
    
    March 11, 2011

/s/ Charles Kahn, Jr.
Charles Kahn, Jr.
    
    Director
    
    March 11, 2011/s/ Thomas J. Lewis
Thomas J. Lewis
    
    Director
    
    March 11, 2011/s/ Joseph J. McLaughlin
Joseph J. McLaughlin
    
    Director
    
    March 11, 2011/s/ Michael J. Morris
Michael J. Morris
    
    Director
    
    March 11, 2011/s/ George W. Nise
George W. Nise
    
    Director
    
    March 11, 2011/s/ Roy D. Yates
Roy D. Yates
    
    Director
    
    March 11, 2011
  32