“We want Old Glory Bank to be the bank of the people and for the people. That means being owned by the people.” -- CEO Mike Ring.
ELMORE CITY, OK– Public response has been strong to the first-of-its-kind publicly announced private-placement launched by Old Glory Bank last week, providing the chance for Middle America to invest in Old Glory Bank. “Old Glory Bank’s growth over the past year has been exponential, to over $100 million in deposits in just year one,” said Mike Ring. “And the response to this investment opportunity has been robust.”
This offering is open to accredited investors with the minimum investment amount of $1776. “We’re proud to bring ownership of Old Glory Bank to Main Street,” continued Ring. “This is part of our commitment to bringing the Banking Bill of Rights to every American who loves freedom.”
Old Glory Bank recently released its Banking Bill of Rights, these five fundamental principles:
-Freedom of Association - The right to bank without the risk of cancellation because of your faith, industry, or beliefs.
-Freedom of Financial Privacy - The right to banking privacy, shielded from improper government snooping.
-Freedom from Censorship - The right to an online payment app without the threat of cancellation by big tech censors.
-Freedom of Lifestyle - The right to banking services without restrictions imposed by a "social credit score."
-Freedom of American Values - The right to bank with an institution that respects and supports your American values.
Old Glory Holding Company, the Delaware bank holding company that owns Old Glory Bank, is undertaking this public private-placement in accordance with Rule 506(c) of Regulation D. The minimum purchase amount is only $1776 ($1,776.00). These purchased shares are “restricted” and may not be resold until registered, unless there is an available exemption to registration. Emphasizes Ring, “Old Glory Bank is only for long-term owners who believe that we need a Bank that shares our Pro-America values and protects us from Government overreach.”
Old Glory Bank has one of the industry’s strongest loan-to-asset ratios (about 4%), has no exposure to commercial real estate, and has one of the industry’s highest liquidity ratios (about 98%). Old Glory Bank is primarily undertaking this public private-placement to satisfy leverage ratios (tier one capital to assets) relating to fast-growing deposits.
If someone is accredited and wants to consider becoming a long-term owner of Old Glory Bank, they can start their journey today at own.oldglorybank.com.
If someone has not yet opened an account at Old Glory Bank, it takes just 8 minutes at www.oldglorybank.com.
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Purchasing an Ownership Interest in Old Glory Holding Company is not a deposit, is not insured by the FDIC or any government agency, is not guaranteed, and may lose value.
