HOLLADAY, Utah — It is legendary: the daughter of Martin Luther King Jr. helping break ground on not only Utah’s first Black-owned bank, but the first Black-owned bank to open in the western U.S.
Redemption Bank is the only Black bank in the history of the country that’s not physically located within an economically underserved community, and it’s also currently the only one located in the Black-banking desert that stretches from California to Texas.
“It’s very personal because most people, when they think of my father, they only think about him as being a civil rights leader, but my father talked about the importance of economic justice along with racial justice. In fact, he called them inseparable twins,” said Bernice A. King, the youngest child of Martin Luther King Jr. “So, this is an opportunity for me to continue part of that legacy.”…