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The Latest Breaking News from Redemption Bank

New debit card steers cash payments to struggling single mothers

Redemption Bank, one of the few Black-owned banks in the US, has launched the 'Bank King Card' to support single mothers in government-subsidized housing.

The Independent UK · Jun 21

Black bank card program to steer cash payments to single mothers in government housing

One of the few Black-owned banks in the U.S. is introducing a debit card aimed at helping single mothers who live in government subsidized housing escape poverty

Black-owned bank launches debit card to help single mothers break poverty cycle

Black-owned bank launches debit card to help single mothers break poverty cycle

The Bank King Card was launched in honour of Juneteenth

The Independent UK · Jun 19

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Redemption Bank becomes the first Black-owned bank in the Rockies

Redemption Holding Company has just acquired the Utah-based Holladay Bank & Trust, becoming the first bank to be owned by a Black-led investment group in the Western U.S. This comes two years after their initial announcement, in which the purchase was delayed due to the collapse of Silicon Valley Bank

The Independent UK · Jun 19, 2025

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