The Fabric

Old Glory Bank CEO and Emerald Robinson, host of The Absolute Truth, discuss the solutions to the alarming trend of debanking. 

In an appearance on Emerald Robinson's show The Absolute Truth, Mike Ring, CEO of Old Glory Bank, discussed his appearance at the Senate Hearing on Debanking. He highlighted the concerning behavior of large banks, explaining that "Big Banks pick and choose winners they care about, and that is why we need a market solution."   

Mike Ring, President and CEO of Old Glory Bank, had the honor of testifying before the Senate Banking Committee to share the story and mission of Old Glory Bank.

What an incredible day for Old Glory Nation! Mike Ring, President and CEO of Old Glory Bank, had the opportunity to testify before the Senate Banking Committee about Debanking, to fight for America’s right to fair and unbiased financial services.

Old Glory Bank CEO to Testify Before Senate Banking Committee on Debanking 

“We saw a market opportunity to respond to bad activity by the mega banks – debanking customers and improper sharing of customer data with the Government.”

We’ve been saying it for years. We built Old Glory Bank for this mission: Americans have a right to freedom in banking. The right people are finally listening.

Old Glory Bank CEO and President, Mike Ring, contacted Senator Tim Scott with his perspective on debanking in America.

Visit Banking.Senate.gov to read more and watch the hearing live.

Did you know about debanking?

We did.     

Debanking is real, folks.  

When Old Glory Bank’s mission began taking shape almost 4 years ago, stories of cancel-culture infecting the banking world were already multiplying. Here we are, years later, aghast at the continued increase of this outrageous trend. At times, it feels like dystopian fiction. It’s not just high-profile political figures. It’s everyday people. It’s charitable organizations that serve orphans. It’s demographic groups deemed high risk because of their religious affiliation or heritage. It’s citizens who make a legal living in an industry such as firearms retailers.

First, banks started canceling customers for what they think. If they don’t like your values, don’t agree with your faith or medical decisions, or approve of who you vote for or what you believe, banks are cutting ties, usually canceling customers without warning or explanation.

Former First Lady Melania Trump sat down with Fox News’ Maria Bartiromo to discuss the impact cancel culture has had on her life, both personally and professionally, as discussed in her book. Though her experience began during her time in the White House, she emphasizes that cancel culture is still happening today. Mrs. Trump detailed multiple cancellations to which she was subjected, including measures taken by her bank and her email provider, simply because they disagreed with her political position. Beyond the personal impacts of such an action, her bank’s decision to cancel her charity impacted the children served by her organization.