Old Glory Bank raises $8M, chides Fed over blocked deal

T1Covered by 1 source · first reported by American Banker (headlines) at 05 Oct, 20:58 UTC

The conservative-aligned bank still plans to go public, but will do so in a way that bypasses the need for the Federal Reserve's approval. Old Glory's CEO said the Fed failed to approve its recent application because the bank is "pro-crypto."

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Sources

• T1Old Glory Bank raises $8M, chides Fed over blocked dealAmerican Banker (headlines)05 Oct, 20:58