Old Glory Bank is 'severely undercapitalized,' FDIC says

T1Covered by 1 source · first reported by American Banker (headlines) at 25 Sept, 18:49 UTC

The Republican-led bank, which touts itself as "pro-America," has struggled to turn a profit. The Federal Deposit Insurance Corp. said Old Glory failed to respond to a prior warning about capital deficiencies.

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Sources

• T1Old Glory Bank is 'severely undercapitalized,' FDIC saysAmerican Banker (headlines)25 Sept, 18:49