The former Holladay Bank & Trust became Redemption Bank after a 2025 acquisition led by Redemption Holding Company. The new owners’ inclusion ambitions sit alongside an existing local deposit franchise and a modest, property-heavy loan book.
This profile identifies the insured bank at FDIC certificate 21448. Parent companies and historical or current trade names are distinguished in the dedicated research.
Redemption Holding Company’s June 2025 announcement described the acquisition of a longstanding Salt Lake City-area institution as a way to expand access to capital for underserved businesses and communities. Rather than waiting for a newly chartered bank to open, the group acquired the existing bank. Ashley Bell was identified as the holding company’s founder and executive chairman, with Bernice King involved in the initiative’s strategy and advisory work. These were the company’s announced roles and intentions at that time.
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Deep dives
Financial company profileResearch updated Oct 5, 2026
The former Holladay Bank & Trust became Redemption Bank after a 2025 acquisition led by Redemption Holding Company. The new owners’ inclusion ambitions sit alongside an existing local deposit franchise and a modest, property-heavy loan book.
Policy & official records
Curated library records that name Redemption Bank or connect through its linked research. The official source provides full scope and status.
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UTAH BANKING
Utah banking record
Legal bank name
Redemption Bank
Headquarters
2020 E Murray Holladay Road, Salt Lake City, UT 84117
Primary federal regulator
Federal Deposit Insurance Corporation
Chartering authority
Utah Department of Financial Institutions
Charter category
Utah state-chartered bank
FDIC certificate
21448
The headquarters record is not a full branch inventory. Bank brands and historical legal names are explained in the linked research.
Sources checked October 5, 2026 Mountain Time. FDIC dataset index: 2026-10-02. Headquarters identify the bank, not its branches or a parent company’s offices.
A separate last-checked date for this profile has not been recorded. Relationship evidence and Utah banking records show their own source-check dates where available; news and research dates refer to those articles.