FDIC amends directive against Old Glory Bank

T2Covered by 1 source · first reported by Payments Dive / Banking Dive at 02 Nov, 17:20 UTC

The regulator deemed the bank “adequately capitalized” last week after applying a more severe label in August. A special-purpose acquisition of the bank had fallen apart earlier this summer.

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Sources

• T2FDIC amends directive against Old Glory BankPayments Dive / Banking Dive02 Nov, 17:20