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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER: 1-33476
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CUSIP NUMBER: 08173R104
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(Check One): [ X ] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ]
Form 10-D [ ] Form N-SAR [ ] Form N-CSR
For Period Ended: DECEMBER 31, 2008
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[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended:
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Read Instruction (on back page) Before Preparing Form. Please Print or Type.
NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS
VERIFIED ANY INFORMATION CONTAINED HEREIN.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
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PART I - REGISTRANT INFORMATION
Full name of Registrant BENEFICIAL MUTUAL BANCORP, INC.
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Former Name if Applicable
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Address of Principal Executive Office (Street and Number) 510 WALNUT STREET
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City, State and Zip Code PHILADELPHIA, PENNSYLVANIA 19106
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PART II - RULE 12b-25 (b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate).
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20- F, Form 11-K, Form N-SAR or Form N-CSR, or
portion thereof, will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly report or
transition report on Form 10-Q or subject distribution report on Form
10-D, or portion thereof, will be filed on or before the fifth calendar
day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
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PART III - NARRATIVE
State below in reasonable detail why the Form 10-K, 20-F, 11-K, 10-Q,
10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be
filed within the prescribed time period.
(Attach extra sheets if needed.)
Beneficial Mutual Bancorp, Inc. (the "Company") became an "accelerated
filer" for the first time in the fiscal year ended December 31, 2008, which
accelerated the due date for the filing of its Annual Report on Form 10-K.
Although the Company worked diligently, it was unable to finalize its review of
the Company's financial statements in sufficient time for the Company to file
the Form 10-K by the prescribed due date without unreasonable effort and
expense. The Company has filed this Form 12b-25 for an extension of time in
connection with its filing of the Form 10-K today, March 17, 2009, the next
business day following the Form 10-K's due date.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
JOSEPH F. CONNERS (215) 864-6000
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(Name) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If answer is no,
identify report(s). [ X ] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
[X] Yes [ ] No
If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
As previously disclosed in a Current Report on Form 8-K, the Company
reported a net loss of $2.8 million during the quarter ended December 31, 2008.
The fourth quarter loss reduced the Company's net income to $16.5 million for
the year ended December 31, 2008 as compared to a net loss of $1.5 million for
the year ended December 31, 2007.
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BENEFICIAL MUTUAL BANCORP, INC.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date March 17, 2009 By: /s/ Joseph F. Conners
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Joseph F. Conners
Executive Vice President and
Chief Financial Officer