Bank
Redemption Bank
Redemption Bank is a full-service community bank headquartered in Salt Lake City, Utah, offering a range of financial services including checking and savings accounts, loans, and trust services; it became the first Black-owned bank in the Western United States following the acquisition of Holladay Bank & Trust in 2025.
Key Statistics
As of May 2026, public records show Redemption Bank has originated approximately $9.5M in loan volume over the past 12 months, with an average loan size of $618k.
Volume (12mo)
$9.5M
Avg Loan Size
$618k
Total Mortgages
378
Total Borrowers
138
Lending Entities
Redemption Bank funds loans through the following entities. These are the legal entities that appear on recorded mortgage documents.
378 mortgages recorded
Geography
Redemption Bank's lending activity is concentrated in the following states, based on recorded mortgage data from the past 12 months.
Mortgages (12mo): 9
Volume (12mo): $9.5M
Total Volume: $218.5M
Mortgages (12mo): 0
Volume (12mo): $0
Total Volume: $3.5M
Mortgages (12mo): 0
Volume (12mo): $0
Total Volume: $1.2M
Top Borrowers
The following individuals have the most recorded mortgage transactions with Redemption Bank. Click on a borrower to view their full investor profile.
24 mortgages · UT
14 mortgages · UT
14 mortgages · UT
+135 more borrowers not shown
FAQ
What type of lender is Redemption Bank?
Redemption Bank is classified as an bank based on our research. Banks are FDIC-insured depository institutions offering a range of mortgage products. They have a mix of business (38%) and personal loans in their portfolio.
What entities does Redemption Bank fund loans under?
Redemption Bank originates mortgages through 1 different lending entities. The most common include Holladay Bank And Trust. These are the legal entity names that appear on recorded mortgage documents.
Where is Redemption Bank most active?
Based on recorded mortgages, Redemption Bank is most active in Utah, New Mexico, and Arizona.
How many loans has Redemption Bank originated?
Public records show 378 mortgages recorded for Redemption Bank, with $9.5M in volume over the past 12 months.
What is the average loan size for Redemption Bank?
The average mortgage size for Redemption Bank is $618k based on all recorded mortgages.
Does Redemption Bank offer short-term loans?
Redemption Bank primarily offers long-term financing, with only 0% of loans being short-term.
How is this data collected?
Elementix aggregates mortgage data from public county records across the United States. We use AI to normalize lender names, identify aliases, and connect borrowers to their lending relationships.