2026.11.12 Mike Ring CEO Old Glory Bank
2026.11.12 Mike Ring CEO Old Glory Bank
01:35Old Glory Bank explains why its next-generation banking service has not launched. A planned SPAC merger that would have provided more than $50 million in Tier 1 capital was rejected by the Federal Reserve shortly before shareholder approval. The bank says it is pursuing a new capital deal that will not require Federal Reserve approval, with funding expected by January and the service targeted for launch in the first quarter of the following year.
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2026.11.12 Mike Ring CEO Old Glory Bank
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