Why is the first Black-owned bank in the West in Utah?

Few Utahns are Black. But the leaders of Redemption Bank discovered Utah offered advantages for its mission to serve everyone.

(Rick Egan | The Salt Lake Tribune) Utah business leader Gail Miller and Ashley Bell, chairman and CEO of Redemption Holding Company, along with co-founder Dr. Bernice King, cut the ribbon for Redemption Bank in Holladay on Wednesday, Sept. 10, 2025.

Why is the first Black-owned bank in the West in Utah?

Few Utahns are Black. But the leaders of Redemption Bank discovered Utah offered advantages for its mission to serve everyone.

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