Redemption Holding Company is a Black-owned holding company that acquired Holladay Bank & Trust and renamed it Redemption Bank. This acquisition makes Redemption Bank the first Black-owned bank in the Mountain West region of the United States

Dr. Bernice A. King, daughter of Dr. Martin Luther King, Jr. and Coretta Scott King, and Ashley D. Bell, CEO, Redemption Holding Company, exemplify the intersection of legacy and innovation. They share the vision of bridging the wealth gap that exists in America today. Ashley Bell and Dr. Bernice A. King co-founded the National Black Bank Foundation, which, since 2020, has directed $600 million in deals to Black institutions. They share the further vision of acquiring non-minority banks to help to reverse the recent decline in the number of Black financial institutions.

Redemption Holdings Co (RHC) is the only Black-Owned Minority Depository Institution (MDI) headquartered west of Texas. Redemption Holding Company (RHC) is led by former White House Policy Advisor and Small Business Administration Regional Administrator, Ashley D. Bell, with early-stage support by Dr. Bernice A. King– the daughter of the late Dr. Martin Luther King, Jr. and Coretta Scott King. The company is located in Holladay, Utah (Salt Lake City Area).