The Redemption Holding Company, a Black-led investment group, has completed its acquisition of Utah-based Holladay Bank and Trust, a woman-led bank that’s operated one brand in Salt Lake City since 1974. The acquisition marks the first time a bank has been owned by a Black-led investment group in the Rockies and Mountain West and also the first time Black investors have acquired a white-owned bank. The first Black-owned bank west of Texas The newly formed Redemption Bank will also be the first Black-owned financial institution to be located outside of