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Stock impact report

Redemption Bank's historic Utah launch backed by former White House policy advisor, NFL and NBA stars [FOX Business Network]

First Citizens BancShares, Inc. - Class A (FCNCA) 
In 2025, Redemption Holding Co. finalized a historic Utah acquisition, taking control of Holladay Bank & Trust and becoming the first Black-led investment group to own a bank in a Western U.S. state. While the newly formed financial institution stands out because of its ownership, it also holds the distinction of being the first African-American-led bank in American history that it not physically located within an economically vulnerable community. Redemption Bank also stands only in the Rockies and helps fill a geographic void in what has long been considered a Black-banking dessert that stretches from Houston to Southern California. Ashley Bell is a lawyer who served as White House Policy Advisor during the first Trump administration and is currently the Redemption Bank executive chairman. After years in the White House, Bell has taken government policy experience west, partnering with civil rights leaders, business executives and sports figures to launch the digital-first bank Show less Read more
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