Old Glory Bank

What Old Glory Bank does

Old Glory Bank is a digital-first, FDIC-insured chartered community bank serving customers nationwide in all 50 U.S. states from its headquarters in Elmore City, Oklahoma. Operating under the 'Freedom Economy' banner, it positions itself as a pro-America alternative to large banks for individuals and businesses concerned about ideological debanking, surveillance, and offshored customer service. The bank is the rebranded successor to First State Bank, a 120-year-old institution, and began serving online customers in 2023.

The platform combines a proprietary mobile and online banking application with several distinctive technology components: a closed-loop peer-to-peer payment system (Old Glory Pay), an ERC-20 stablecoin (OGBUSD) backed 1:1 by U.S. dollars, and a Crypto Dashboard that integrates self-custodial wallets, stablecoins, and fiat accounts through on/off-ramps. Additional products include personal and business checking/savings, home loans, SBA and conventional business lending, a $100,000 Old Glory Protect line-of-duty death benefit for first responders and military, the Old Glory Alliance fundraising platform, and the Business Insights financial-intelligence tool. The bank is also integrating Bits of Stock for stock, ETF, and digital-asset investing inside the account experience.

Old Glory Bank earns revenue primarily from net interest income on its loan portfolio (mortgages, SBA loans, home equity) and from account/transaction fees, with an emerging third stream from crypto and fintech services tied to stablecoin issuance, on/off-ramps, and the Bits of Stock partnership. Distribution is overwhelmingly digital via mobile app and website (self-serve PLG motion with a $50 minimum to open and no monthly maintenance fees), supplemented by 40,000+ in-network ATMs, 88,000+ retail cash-deposit locations, and a US-based customer service team. The bank is preparing to become a Nasdaq-listed public company under ticker OGB via a SPAC business combination with Digital Asset Acquisition Corp (DAAQ) at a $250 million pre-money valuation.

Name

Old Glory Bank

Legal name

Old Glory Intellectual Property Holdings, LLC

Website

https://oldglorybank.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

51–100 employees

Short description

Old Glory Bank is a digital-first, FDIC-insured chartered community bank serving U.S. consumers and businesses nationwide through mobile and online channels, offering personal and business banking, home and SBA loans, a proprietary stablecoin and crypto dashboard, and a 'freedom-focused' brand positioning as an alternative to debanking by large institutions.

Ownership category

akta.pro rank

Product category

Online Retail Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Tokenized Bank Deposit & Commercial Bank Money Issuers (FSADADAB)

akta.pro secondary industry

Tokenized Treasury, Money Market & Cash Management Products (FSADAEAB)

Keywords

• Retail banking services
• Online community banking
• FDIC insured deposits
• Residential mortgage lending
• Small business lending

Headquarters

HQ city

Elmore City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Interest Income: Traditional bank interest income from lending products including home loans (Conventional, FHA, VA, Refinance, Home Equity), business lending (Conventional and SBA Loans), and credit products.
2. Account and Transaction Fees: Fee income from checking and savings accounts, wire transfers, international payments, and other banking services.
3. Crypto/Fintech Services: Revenue from integrated crypto products including OGBUSD stablecoin transactions, crypto on/off-ramp services, and digital asset management integration through Bits of Stock partnership.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Old Glory Bank is an FDIC-insured nationwide online bank offering personal and business checking and savings accounts, certificates of deposit, credit cards, home loans, and business lending. Differentiated products include the Old Glory Pay closed-loop peer-to-peer payment system, the OGBUSD stablecoin and integrated Crypto Dashboard for fiat-crypto on/off-ramps, and Old Glory Alliance for cancel-proof fundraising, all delivered through a proprietary mobile and online platform.

Product overview

Old Glory Bank is a digital-first, FDIC-insured online community bank serving customers in all 50 states. Formerly known as First State Bank (120-year-old institution from Elmore City, Oklahoma), the bank operates primarily through its mobile app and website rather than traditional branches. The core offering centers on personal and business checking/savings accounts, home loans, and business lending. Key proprietary products include Old Glory Pay (closed-loop P2P payment system), the Crypto Dashboard with OGBUSD stablecoin for blockchain-integrated banking, Old Glory Alliance (fundraising platform), and Old Glory Protect (death benefit for first responders). Additional services include Business Insights (financial intelligence), Charitable Round-Up, Cash-IN deposits, Card Manager controls, and The Pursuit financial literacy platform. The bank positions itself as America's 'freedom-focused' bank emphasizing Privacy, Security, and Liberty.

Differentiator

Problem solved

Functional benefit

Brands

• Old Glory Pay: Proprietary closed-loop peer-to-peer payment system created as an alternative to Zelle, promising never to cancel users for exercising constitutional rights
• Old Glory Alliance
• Old Glory Protect
• The Pursuit
• OGB Financial Company
• Bits of Stock

Products and services

• Personal Checking & Savings Accounts Personal banking accounts offering no-monthly-fee options, a free debit card, access to 40,000+ in-network ATMs nationwide, Early Pay direct deposit up to 2-3 days early, and cash deposits at 88,000+ retail stores via Cash-IN. Designed for individual consumers, including veterans and first responders.
• Business Checking & Savings Accounts Business banking accounts for all sizes with low monthly fees and low minimums. Includes ACH and wires (including international payments), Positive Pay fraud protection, Business Insights cash flow forecasting, and cash solutions such as on-site collections via Brinks integration. Designed for SMBs and includes industry-specific knowledge for the 2A community.
• Home Loans Mortgage lending products including Conventional Loans, FHA Loans, VA Loans, Refinance, and Home Equity Loans and Lines of Credit, with competitive rates, quick closing times, and expert guidance from application through close.
• Business Lending Business financing through Conventional and SBA Loans for company expansion, inventory or equipment acquisition, or business headquarters, with expert guidance, flexible terms, fast processing, and industry-specific knowledge (including support for the 2A community).
• Old Glory Pay Proprietary closed-loop peer-to-peer payment system that ensures cancel-proof transactions for donations, purchases, and payments without third-party interference, positioned as an alternative to Zelle that promises never to cancel users for exercising constitutional rights.
• OGBUSD Stablecoin Proprietary stablecoin backed 1:1 by US Dollars, enabling payments and remittances worldwide. Recipients can hold, spend, exchange for USD at Old Glory Bank, or convert on any exchange supporting ERC-20 standard tokens.
• Old Glory Protect $100,000 Line-of-Duty Death Benefit for Protectors including Active-Duty Military, Law Enforcement, Fire, and US Border Patrol Agents. Free to eligible customers with an Old Glory Bank checking account and direct deposit.
• Old Glory Alliance Fundraising platform for personal causes and political fundraising with FDIC insurance and cancel-proof donations. Campaign creation is exclusive to Old Glory Bank customers, but anyone may donate.
• Certificates of Deposit Time deposit accounts for savings with fixed terms and rates, offered to personal banking customers nationwide.
• Credit Cards Credit card products offered to Old Glory Bank personal and business customers.
• Veteran's Accounts Specialized checking accounts designed for military veterans, often paired with Old Glory Protect and the McFadden Project for homeless veteran banking reentry.
• Mobile and Online Banking Digital banking platform accessible via mobile app (iOS and Android) and website, providing a full financial picture at a glance with account opening in approximately 8 minutes and ongoing self-serve banking.
• Bits of Stock Investment Integration Embedded digital investment platform via Bits of Stock partnership enabling Old Glory Bank customers to invest in stocks, digital assets, ETFs, and other securities with automated round-up investing, real-time settlement, and blockchain-enabled transactions.

Quantifiable outcome

• 10% month-over-month growth in business accounts (January 2026)
• +2 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Operation TRIAGEminorOthers · 29 April 2026Partnership to support military and first responders. Old Glory Bank's commitment to banking on America's promise and people.
• Ryan Roulette RacingminorGTM or Marketing Partner · 31 January 2026NASCAR marketing partnership with driver Ryan Roulette. Part of brand-building and visibility campaign targeting patriotic American consumers.
• America's VetDogsminorOthers · 28 January 2026Charitable Round-Up partner allowing customers to round up purchases to help provide free service dogs to veterans, active-duty military, and first responders with disabilities.
• Bits of StockcoreTechnology or Integration · 27 October 2025Partnership to integrate digital investment technology into Old Glory Bank platform by early 2026. Enables customers to invest in stocks, digital assets, ETFs, and other securities with automated round-up investing, real-time settlement, and blockchain-enabled transactions.
• Turning Point USA (AmericaFest 2024)minorGTM or Marketing Partner · 15 December 2024Sponsorship of Turning Point's AmericaFest 2024 in Phoenix, Arizona. Event featuring conservative speakers including President Trump, Dr. Ben Carson, Tucker Carlson, and others. Old Glory Bank booth #908 at event.
• OplignminorOthers · 19 November 2024Partnership connecting veterans and servicemembers with meaningful employment opportunities. Underscores commitment to serving those who have served the country.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• SoFi Technologies: SoFi is a digital-first chartered bank offering checking, savings, lending (mortgage, personal, student refi), and a growing crypto product. It is the closest scaled comparable to Old Glory Bank as a nationwide online chartered bank combining consumer banking, lending, and crypto rails, although SoFi targets a much broader, apolitical market.
• Chime: Chime is a leading US digital consumer bank with no monthly fees, early direct deposit, and a large free ATM network, plus a recently launched crypto trading product. It competes head-to-head with Old Glory Bank on no-fee online consumer banking and crypto on-ramp functionality.
• Varo Bank: Varo is a nationally chartered digital bank offering consumer checking, savings, and lending via a mobile-first platform. Like Old Glory Bank, it is a chartered bank operating without branches and competing on digital experience and fees.
• Current Bank: Current is a digital-first fintech bank offering consumer checking, mobile banking, and crypto purchases through a partnership with a chartered bank. It is comparable as a digital-first US consumer banking brand targeting a defined lifestyle/niche audience with embedded crypto functionality.
• Mercury: Mercury is a digital business bank popular with startups, fintechs, and crypto companies, offering business checking, treasury, and integrations. It is a strong direct peer for Old Glory Bank's SMB and crypto-friendly business banking vertical.
• Axos Financial: Axos is a digital-first FDIC-insured bank holding company offering consumer and business banking, lending, and treasury services nationwide. It is comparable as an online chartered bank pursuing both retail and business banking growth.
• Customers Bancorp: Customers Bank is a digital-forward, FDIC-insured commercial bank with strong commercial lending, business banking, and embedded fintech partnerships. It is comparable as a tech-enabled chartered bank serving SMBs and fintech platforms nationwide.
• Live Oak Bancshares: Live Oak Bank is a digital-first, FDIC-insured chartered bank specializing in small business lending (SBA, USDA) across niche verticals. It is comparable as a chartered community bank leveraging digital channels to scale niche lending.

Broad incumbents

• JPMorgan Chase: JPMorgan Chase is the largest US bank, offering nationwide checking, mortgages, business banking, and increasingly crypto and payments services. It is the principal incumbent competitor whose 'debanking' behavior Old Glory Bank explicitly positions against.

Emerging players

• Coinbase: Coinbase is the largest US crypto exchange and the issuer of USDC, a leading USD stablecoin. It is a relevant peer for Old Glory Bank's OGBUSD stablecoin and crypto dashboard ambitions, representing both a potential competitor and a distribution partner.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/oldglorybank
• Facebookfacebook.com/OldGloryBank
• LinkedInlinkedin.com/company/old-glory-bank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Old Glory Bank