Redemption Bank becomes the first Black-owned bank in the Rockies

Jun 19, 2025 - 05:36
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Redemption Bank becomes the first Black-owned bank in the Rockies
Redemption Holding Company has just acquired the Utah-based Holladay Bank & Trust, becoming the first bank to be owned by a Black-led investment group in the Western U.S. This comes two years after their initial announcement, in which the purchase was delayed due to the collapse of Silicon Valley Bank

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