Old Glory Bank Holds Mini-IPO of Holding Company
Oklahoma, US-based Old Glory Bank is allowing Americans to own a piece of Old Glory Holding Company by purchasing class B Voting common stock, as fully tradeable shares under Regulation A (Tier II), the company said.
During Old Glory Bank's unprecedented growth in 2023 and 2024, they followed their vision of allowing freedom-loving Americans to join in their mission to ensure Old Glory Bank remained owned by Main Street, not Wall Street.
In the spring of 2024, Old Glory Holding company launched its first ownership opportunity to accredited investors under Rule 506(c) of Regulation D.
During that private offering, Old Glory Bank consistently heard from its customers and other members of the Old Glory Nation that they should not have to be "accredited" to be an owner of America's freedom economy bank, the company said.
Old Glory Holding company, the bank holding company of Old Glory Bank, is offering only 5m class B Voting Common shares, at USD 7.00 per share.
The minimum investment is USD 63 (inspired by Deuteronomy 6:3), but there are certain rules on the maximum number of shares you may purchase.
Since Old Glory Bank began offering online accounts in April 2023, they have added tens of thousands of customers across all 50 states and have grown customer deposits from about USD 10m to over USD 170m in these 20 months.
Old Glory Bank became the community bank for all of America by offering personal accounts, business accounts, Old Glory Pay (OGB's cancel-proof, closed loop payment solution), debit cards, credit cards, home loans, business loans, free overdraft protection, charitable round-ups, and Old Glory Cash-IN, where customers can easily deposit cash into their OGB account at over 88,000 retail stores.
Old Glory Bank is an FDIC-insured bank that offers banking solutions for consumers and businesses.
Published in
Banking and Credit News
on Friday, 20 December 2024
Copyright (C) 2024, M2 Communications Ltd.
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