Redemption Bank Makes History as First Black-Owned Bank in the Western U.S. - Because of Them We Can

Redemption Bank Makes History as First Black-Owned Bank in the Western U.S. - Because of Them We Can

A major financial milestone just made its way to the West. Redemption Holding Co., a Black-led investment group, has officially acquired Holladay Bank & Trust in Utah, a groundbreaking move making them the first Black-led group to own a bank in the region, AP reports. The newly named Redemption Bank is carving out space in an area where Black-owned financial institutions have long been absent. Redemption Bank becomes the first Black-owned bank i…

Dr. Bernice King and Ashley Bell Lead Redemption Holding Company–The First Black Owned Bank in the Mountain West Region Of The US

Redemption Holding Company is a Black-owned holding company that acquired Holladay Bank & Trust and renamed it Redemption Bank. This acquisition makes Redemption Bank the first Black-owned bank in the Mountain West region of the United States Dr. Bernice A. King, daughter of Dr. Martin Luther King, Jr. and Coretta Scott King, and Ashley D. Bell, CEO, Redemption Holding Company, exemplify the intersection of legacy and innovation. They share the …