Reported 2 days ago
Redemption Bank, recently established through the acquisition of Utah's Holladay Bank & Trust by Redemption Holding Co., marks a significant milestone as the first Black-owned bank in the Rockies and the only one in the Black banking desert between Houston and Los Angeles. With approximately $65 million in assets, it aims to focus on commercial lending and support for small businesses while launching a fully digital platform by the end of summer. CEO Ashley Bell highlighted Utah's favorable business environment and a commitment to serve customers from all backgrounds as integral to their mission.
Source: YAHOO