Storm damage is never a good thing. The tree will have a difficult time healing with that type of split. Because the tree sways in the wind, keeping that split immobile will be the key to helping the tree if you decide to try to save the Redbud. The wound itself will need to be pulled together with smooth edges and joints to allow the tree to grow back together. Cabling the two branches a few feet above the split will apply more pressure than the clamp you have now around the trunk.
These practices and others are typically done on older trees with more structure than yours. Your branches may be too small to actually do this. Given the tree is only 2 years old, you might consider replacement with a Redbud that has a more desirable branching habit.
I hope this information is helpful and you attempt to save your tree
Richard Hentschel