Redemption Bank is a bank based in Salt Lake City, Utah, established in 1974, with $72 million in total assets across 1 branch. By Trust Grade it ranks 36th of 42 banks we track in Utah. Its capital ratio of 19.4% is stronger than 85% of similarly sized banks, versus a Utah median of 12.9%. It posted a loss over the most recent period (-1.22% return on assets), a point to watch. No consumer complaints against Redemption Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Redemption Bank compares to Utah peers
How we graded Redemption Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (19.4% capital ratio)
- Unprofitable over the period (ROA -1.22%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Redemption Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (1)
- 2020 E Murray Holladay Road, Salt Lake City, UT 84117
Are deposits at Redemption Bank insured?
Yes. Redemption Bank is an FDIC-insured bank (FDIC certificate #21448). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Redemption Bank: frequently asked questions
Is Redemption Bank a good bank?
Redemption Bank earns a Bankzia Trust Grade of C (78/100, "Average"), based on a financial-strength score of 78/100 (it has no CFPB complaints on record). Strongly capitalized (19.4% capital ratio); Unprofitable over the period (ROA -1.22%).
Is Redemption Bank FDIC-insured?
Yes. Redemption Bank is a FDIC-insured bank (FDIC certificate #21448). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Redemption Bank?
Redemption Bank holds $72 million in total assets, ranking 36th of 42 banks we track in Utah. It operates 1 branch.
Does Redemption Bank have CFPB complaints?
No CFPB complaints against Redemption Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
