Main Street Rallies Behind Pro-America 50-State Old Glory Bank

Old Glory Bank announced another successful capital raise to quickly return to being adequately capitalized. Capital was raised from existing owners of Old Glory Bank, plus new accredited owners who support Old Glory Bank’s critical mission of providing financial freedom and protecting customers from improper government overreach. More than 150 Patriots participated in this capital raise of more than $8 million, which was exempt from registration under Rule 506 of Regulation D. To date, Old Glory Holding Company has raised more than $67 million, all from “Main Street” investors.

This capital raise by Old Glory Bank was necessary because of the unexpected termination of a business combination agreement for Old Glory Bank, generally known as a deSPAC, after the Federal Reserve failed to approve “bank holding company” status of a new Texas bank holding company, Old Glory Financial Company, which would have been listed on the Nasdaq upon consummation of the deSPAC.

Co-Founder, President & CEO, Mike Ring says, “I expected the month of September to be about launching our incredible crypto-integrated banking solution, known as Next Gen Banking. Instead, because of the Federal Reserve’s unchecked power to determine which bank holding company deals move forward and which deals don’t, we had to return to the private markets and raise the capital we needed. We are very blessed that our owners made the decision for Old Glory Bank to continue to serve America, so we will never bend a knee to the Fed.” Ring continued, “We still intend to go public, allowing all Americans to be an owner, but we’ll do it as a direct listing from our existing bank holding company, and not a deSPAC, so the Fed will not again have approval rights over a new bank holding company.”

Founded on the belief that every law-abiding individual and business, especially those that believe in the Constitution, freedom, and God, deserve fair access to financial services, Old Glory Bank ensures that Americans have a full-service banking solution aligned with their values and a bank that is committed to serving customers rather than political agendas. Customer service for Old Glory Bank is in Durant, Oklahoma, not offshore and not by AI agents.

"Media outlets were very quick to report about Old Glory Bank being temporarily undercapitalized, but they have been very silent as to how the Fed denied our deSPAC. Let’s see if they even report on our latest capital raise from Main Street and our quick return to being adequately capitalized," said Old Glory Bank Board Member, 30th White House Press Secretary, and Podcast Host, Sean Spicer. "Our owners and customers have proven that Americans want choice, and they want financial institutions that protect their freedoms and beliefs, " Spicer continued.

Joe Meade, a member of the Board of Directors of Old Glory Bank, who retired from the FDIC after an incredible 40+ year career, including as the Acting Deputy Regional Director of the Dallas Region, stated that, "Community banks have long been the backbone of American commerce and local economies. At Old Glory Bank, our community is not based on a defined geographic location, but on values -- and we value God, Family, and Country."

Old Glory Bank is a full-service, digital-first bank with over 85,000 personal and business accounts in all 50 states and several countries. Old Glory Bank has a physical branch on Main Street in Elmore City, Oklahoma, and started serving customers with online accounts in April of 2023. It has since grown deposits more than 2,500% from $10 million to $270 million as of June 30, 2026.

Old Glory Bank became the community bank for all of America by offering free personal accounts, free business accounts, 2-3 Day Early Direct Deposit, free overdraft protection, debit cards with 40,000 free ATMs, credit cards with rewards, charitable round-ups, fast home loans and HELOCs, VA loans, and SBA loans. Old Glory Bank’s specialty products include Old Glory Pay (Old Glory Bank’s closed-loop payment solution), Old Glory Cash-IN (enabling customers to easily deposit cash at over 88,000 retail stores), and Old Glory Alliance (a no-judgment crowdfunding solution that accepts political campaigns and offers quick merchant processing). Terms and conditions apply to these products and features.

About Old Glory Bank

Old Glory Bank is the premier full-service FDIC-insured bank serving both the Freedom Economy and DeFi Economy, offering the best mobile banking solutions for consumers and businesses, from sea to shining sea. Old Glory Bank is committed to protecting the Privacy, Security, and Liberty of all Americans. Old Glory Bank has co-founders and directors comprising of some of the leading voices representing freedom and patriotism, including former Secretary of Housing and Urban Development, Dr. Ben Carson; Radio and Television Host Larry Elder; country music superstar, TV host, entrepreneur, and songwriter, John Rich; the 30th White House Press Secretary and Television Host, Sean Spicer, former two-term Governor of Oklahoma, Mary Fallin-Christensen, and former Co-President of Fox News, former President of Fox Business Network, and White House Deputy Chief of Staff for Communications for the 45th Administration, Bill Shine. Visit www.oldglorybank.com. Contact media@oldglorybank.com for media inquiries. We Stand with You. Member FDIC. Equal Housing Lender.

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"Our owners and customers have proven that Americans want choice, and they want financial institutions that protect their freedoms and beliefs." - Sean Spicer, Old Glory Bank Board Member