INTRODUCING REDEMPTION

A National Holding Company to Support MDIs Across the Country

Redemption Bank 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.

Redemption Bank is a Black-owned holding company that is currently acquiring a non-Minority Depository Institution in the Rockies Region in order to expand access to capital for people of color. Once it receives regulatory approval and the acquisition is completed, Redemption Bank is expected to become the only Black-Owned MDI headquartered west of Texas. Redemption Bank is located in business-friendly Holladay, Utah (Salt Lake City Area).

Redemption Bank is launching a fully tech-enabled, concierge platform in partnership with other MDIs and a major mortgage lending platform.

Redemption Bank aims to leverage technology to create a full-service banking platform for its customers, offering a full range of banking services for relationship-oriented consumers and business owners.

Bankers cutting red ribbon

The wait is over!

Join the movement to strengthen MDIs, expand access, and build stronger communities across the country.

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“ As Black-Owned Banks Steadily Fade Away, Investors Step In to Form One”

Read Article

“ Black investors see purchase of Utah bank as a civil rights victory”

Read Article
WHO WE ARE

LEGACY MEETS INNOVATION

Dr. Bernice A. King, daughter of Dr. Martin Luther King, Jr. and Coretta Scott King, and Ashley D. Bell, CEO, Redemption Bank, 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.

Ashley D. Bell,

Executive Chairman, Chief Executive Officer, Bank Redemption

Dr. Bernice A. King,

Senior Vice President for Impact Banking

MEDIA & EVENTS
Press

In Utah, here’s what a new Black-owned bank will offer customers

Sept 12, 2025
Video

Political Depolarization Group Speaks About Deescalating the Narrative Around Politics

Sept 12, 2025
Press

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

Sept 11, 2025
Press

Here’s how a small Utah bank charmed customers for 50 years — as it becomes the West’s 1st Black-owned bank

Sept 10, 2025
VIDEO

Utah will soon be home to a Black-owned bank

Oct 22, 2023
VIDEO

Market Mondays | With Ashley Bell

Oct 16, 2023
VIDEO

MX Summit: Innovation Beyond Statistics: Driving Change in Financial Inequities

Sep 26, 2023

PODCAST

POPLAW | Buying Back the Block: Building Black Wealth with Desiree Talley

April 4, 2023
ARTICLE

First Black-owned bank opening in Utah

March 13, 2023
ARTICLE

AKAs, Redemption Bank offer financial services to Black community

March 9, 2023
ARTICLE

Bernice King Investor in Holladay Bank and Trust, First Black-Owned Minority Depository Institution

March 7, 2023
ARTICLE

Utah To Open It’s First-Ever Black-Owned Bank!

March 2, 2023
ARTICLE

Black banks have dwindled in number, but a new one’s coming

March 1, 2023
ARTICLE

Black investors say they’ve pulled off a first: Buying white-owned bank

Feb 28, 2023
ARTICLE

Black investors unveil first-of-its-kind deal for Utah community bank

Feb 28, 2023
Merch

Shop the Bank Style

Redemption Merch is more than just apparel—it's a bold statement of purpose, faith, and transformation. Whether you're repping your journey or inspiring others on theirs, our designs speak life, strength, and resilience. Wear your story. Live redeemed.

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Committed to the community 🙌🏽 @ashleydbell #BankRedemption

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Grateful for the support. Excited for the future. Ready to work! Redemption Bank aims to leverage technology to create a full-service banking platform for its customers, offering a full range of banking services for relationship-oriented consumers and business owners. #BankRedemption

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