Bank co-founded by Bernice King launches program for moms

Published June 25, 2026 9:57 AM EDT

Redemption Bank, the first Black-owned bank in the western United States and co-founded by Dr. Bernice King, has launched a new program aimed at supporting low-income mothers in Georgia.

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What we know:

The Utah-based bank said customers who open a Bank King Card account will help fund the Redemption Foundation, with a portion of the account's profits donated to the nonprofit.

The foundation will award grants to organizations that provide guaranteed income to low-income mothers living in government housing. Bank officials said grant amounts have not yet been determined, but donations are expected to begin rolling out by the end of the year.

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