Bank card program to steer cash – Redemption Bank, a Black-owned financial institution based in Holladay, Utah, has launched a new debit card initiative designed to uplift single mothers residing in government-subsidized housing. The program, named the Bank King Card, will debut on Friday in honor of Juneteenth, offering a unique financial tool to help these families combat poverty. With every account opened, the bank will contribute a fixed donation to nonprofits, ensuring the funds are directed toward communities in need. This move underscores Redemption Bank’s commitment to creating equitable access to economic opportunities for marginalized groups.

According to Ashley Bell, chair and CEO of Redemption Holding Co., the Bank King Card embodies a novel regenerative banking approach. “This card starts by investing in mothers who are just a few dollars away from breaking free of poverty,” Bell explained. “It opens America’s vaults of opportunity, which have long been closed…