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Redemption Bank Becomes The First Black-Owned Bank West Of Texas
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Redemption Bank Makes History as West Of Texas' First Black-Owned Bank
The Redemption Holding Company, a Black-led investment group, has acquired Utah-based Holladay Bank and Trust, a woman-led bank founded in Salt Lake City, renaming it Redemption Bank. This landmark deal makes Redemption Bank the first Black-owned bank in the Mountain West and marks the first time a Black-led group has acquired a non-minority-owned bank in U.S. history. Redemption Bank is Mountain West’s Only Black-owned Bank The transaction is e…
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