M&A Deal Summary

Redemption Holding Acquires Holladay Bank and Trust

On February 28, 2023, Redemption Holding acquired financial services company Holladay Bank and Trust

Acquisition Highlights
  • This is Redemption Holding’s 1st transaction in the Financial Services sector.
  • This is Redemption Holding’s 1st transaction in the United States.
  • This is Redemption Holding’s 1st transaction in Utah.

M&A Deal Summary
Date 2023-02-28
Target Holladay Bank and Trust
Sector Financial Services
Buyer(s) Redemption Holding
Deal Type Add-on Acquisition
Advisor(s) Parsons Behle & Latimer (Legal)

Target

Holladay Bank and Trust

Holladay, Utah, United States
Holladay Bank and Trust provides community banking services that cater to the Holladay suburb of Salt Lake City, Utah area citizens and businesses. Holladay Bank and Trust was founded in 1974 and is based in Holladay, Utah.

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Buyer(S) 1

Buyer

Redemption Holding

Delaware, United States
Category Company
Sector Financial Services
DESCRIPTION

Redemption Holding is a public benefit corporation formed for the purpose of acquiring Holladay and seeks regulatory approval to become a registered bank holding company in connection with the acquisition. Redemption Holding offering a full range of banking services for relationship-oriented consumers and business owners. Redemption Holding is based in Delaware, United States.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Mergr

Product

Company

Legal