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Black investors agree to historic purchase of Utah bank

Por: The Hill Politics March 07, 2023

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A Black investor group announced last week that they agreed to purchase Utah-based Holladay Bank and Trust, a historic deal where an existing commercial bank would become a Black-owned Minority Depository Institution (MDI) for the first time in the United States. Redemption Holding Company (RHC) the plans to purchase the Utah-based bank on Feb. 28 and said in the announcement that if the plans get federal regulatory approval, the deal “will... + full article



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