Redemption Holding Company, a Black-led investment group, is planning to acquire Utah-based Holladay Bank & Trust. If the acquisition goes through, the bank would become not only Black-owned, but also the only Minority Depository Institution (MDI) west of Texas. The goal is to partner with other MDIs and create a full-service banking platform that serves consumers and business owners, offering lending products like mortgages and loans. Bell believes the state is favorable as far as bank regulations go, making it an ideal location. This acquisition could change the game for Black fintechs, such as Ready Life, that require banks to operate, but there aren't many Black-owned banks available. Redemption Bank’s target is working-class Black Americans. They want to work with those looking for access to credit to grow their businesses and create jobs in their communities. What are your views on this acquisition? Read the full story by Bria Overs from Word in Black at dallasweekly.com #Iamdw #blackpress #BlackBanking #MinorityDepositoryInstitutions #RedemptionHoldingCompany #BusinessBanking
The Dallas Weekly’s Post
More Relevant Posts
-
The first step to financial freedom is to understand your money! #OwnIt
Get Ready. I am both honored and humbled to be a part of this historic transaction. It is the first time that a group of majority Black investors are purchasing a white bank. This is major. I hope you will join us on the journey. Keep the prayers coming. This is a God thing and a good thing. It is indeed a #redemption The dream lives, and the legacy continues. #MLKlegacy #itsanewday #blackhistory #solutionists
-
I look forward to working on this campaign every year. Check it out for yourself and enter! You'll find an interactive marketing effort tapping into bracket-mania that offers a chance to win a trip to the Final Four. By completing a bracket, you'll also get tailored tips and actionable next steps for reaching your own big goals. #contentmarketing #marketing
Webster Bank is taking center court once again with their Big Goals Bracket for this year's March Madness tournament! With digital OOH and street teams in Boston to their largest grand prize yet ... we're excited to help them score big this year with fans! Enter for a chance to win: https://lnkd.in/epnEk6pv
-
🤯🧐Walter “Disney”, the “McDonald” brothers, in 1852 William “Fargo” (Wells Fargo), Bank of America, Jcpenny etc all leveraged….so can you!! Our society is being programmed on how to buy the fish from the market. ♟️Let me teach you how to fish so that you can teach your children how to feed themselves for a lifetime (duplication)💪. #generationalwealth #retirementplanning #legacyplanning #savingsgoals #investmentplanning
-
-
Embark on a journey of self-discovery and empowerment with this latest blog post. Explore transformative insights for personal growth and professional success. #Inspiration #SelfImprovement #bankingindustry #NFT #finance #fintech https://lnkd.in/eAySXi72
Embark on a journey of self-discovery and empowerment with this latest blog post. Explore transformative insights for personal growth and professional success. #Inspiration #SelfImprovement
https://fundmatchup.com
-
The Impact of Black Ownership on Investment: Insights from the Head of the National Black Bank Foundation Discover how black ownership and sovereignty in banking are interconnected with access to venture capital and support from larger institutions. The head of the National Black Bank Foundation explains the challenges faced by black banks and the importance of projects like Greenwood. #BlackOwnership #InvestmentOpportunities #VentureCapital #GreenwoodProject #NationalBlackBankFoundation #FinancialEmpowerment #BankingIndustry #BusinessSuccess #SovereigntyInBanking #FinancialInclusion
-
I empower conscientious executive coaches to confidently expand their understanding of ADHD through our proven AfCE method. Neurodivergent creator of ICF CCE accredited ADHD in Focus for Coaches. 5 LIVE workshops -£795
Whether it's opening banks or managing our own finances, it's a huge area where women need more understanding and ownership. Knowledge is power and I know too many women who just don't know their numbers - unless they're fundraisers of course 😁 - WE HAVE TO KNOW our worth be it financial or personal #equitychange #genderequity #investing
I find it unbelievable that this was during my lifetime! We’ve come a long way….but so far still to go to equity. Until 1974 in the USA women were unable to open a bank account or acquire a line of credit without a man co-signing. The financial services industry was led by (usually white) men. So eight women came together to turn everything around by opening their own Women's Bank. Carol Green, Judi Wagner, LaRae Orullian, Gail Schoettler, Wendy Davis, Joy Burns, Beverly Martinez, and Edna Mosely founded the bank's board by each pitching in $1,000. On 14 July 1978 The Women's Bank opened for business. People stood in line down the street in downtown Denver to deposit their money. The first day's deposits exceeded $1 million.
-
As part of our Speaker Series, the Black Wealth Club was elated to receive Thasunda Brown Duckett, President & CEO at TIAA. In our conversation, we spoke about how to live your life like a diversified portfolio, how we can close the retirement and wealth gaps for minorities in the US and Canada, and the meaning of wealth. Be on the lookout for upcoming clips highlighting our great chat with Thasunda Brown Duckett. #BlackWealthClub #SpeakerSeries #BlackWealth #BlackLeaders #Finance
-
-
UCF is deeply committed to a platform of investment funds that values, prioritizes and benefits from diverse-owned asset managers. To that end, UCF has set industry-leading benchmarks for hiring diverse managers and holding all managers accountable for their own commitments to diversity, equity and inclusion across their firms. Currently, over 60% of UCF’s domestic equities are managed by diverse asset managers, and we are continuing our efforts to achieve at least 60% diverse management across our entire domestic portfolio, with an emphasis on Black-owned and/or Black-managed firms. As part of our celebration of Black History Month, we are pleased to feature Auldbrass Partners of New-York, a Black-owned private equity manager in our Alternatives and Alternatives Balanced Funds. Watch here https://bit.ly/3SvMZOQ #blackhistorymonth #blackhistorymonth2024
-
-
As MFS celebrates its centennial, think about what markets have experienced over this span: The Wall Street Crash of 1929, the Great Depression, stagflation of the 70’s, Black Monday in 1987 and, more recently, the GFC. In 100 years of investing, we’ve learned several lessons that help us today. CEO Michael Roberge shares what he thinks is the biggest lesson and the most important thing we can do for our clients. #MFS100Years bit.ly/3vQJJ9v.
