Old Glory Bank Surpasses $200 Million in Deposits, Solidifying Its Role as a Financial Home for America’s Freedom Economy
In a significant milestone that underscores the power of values-driven banking, Old Glory Bank announced it has officially surpassed $200 million in customer deposits. Achieved within just 25 months of its operational launch, the Oklahoma-based financial institution—known for its strong pro-faith, pro-America, and pro-family ethos—is positioning itself as a defiant alternative to traditional banking models that many Americans feel no longer represent their beliefs.
Since its founding in April 2023 with just $10 million in customer deposits, Old Glory Bank has rapidly expanded, fueled not by institutional capital or Wall Street endorsements, but by ordinary Americans. These are customers—individuals, families, nonprofits, and small businesses—across all 50 states who are increasingly gravitating toward institutions that reflect their values, constitutional freedoms, and traditional ideals.
A Movement Rooted in Principles, Not Profit Alone
Unlike most financial institutions chasing scale and institutional dominance, Old Glory Bank has taken a different path—focusing instead on integrity, principles, and constitutional values. The bank was co-founded by a coalition of well-known public figures, including country music artist John Rich, who serves not just as a spokesperson but as a passionate advocate for the bank’s mission.
“We didn’t set out to be the biggest bank—just the most principled,” Rich stated. “But the response has been overwhelming. Americans are hungry for a bank that respects their freedoms, and we’re proud to be that bank.”
That principled approach has resonated deeply with a growing segment of the population disillusioned by what they view as an overreach by traditional financial institutions. The bank’s messaging has been clear and uncompromising: it will not deplatform or cancel customers based on their political or religious beliefs, and it will not use customer funds to support what it describes as radical or activist agendas.
Rejecting the Mainstream Financial Playbook
Old Glory Bank’s mission is rooted in three simple but powerful promises: Privacy, Security, and Liberty. These tenets form the foundation of everything the bank does, and they stand in sharp contrast to the perceived behavior of large banking institutions. Critics of major banks have cited examples of account closures and payment processor restrictions for individuals and organizations based on ideological differences—a practice Old Glory Bank vows never to participate in.
President and CEO Mike Ring views the $200 million deposit milestone as more than a financial achievement—it is a cultural signal.
“Crossing $200 million in customer deposits is not just a number—it’s a message to Wall Street and the powerful elites,” Ring explained. “Americans are done funding their own demise. They’re eager to do business with people who respect them and the Constitution.”
Ring’s comments reflect a broader trend in American society—a growing frustration with institutions that consumers feel have strayed too far from traditional values. Old Glory Bank’s growth story, then, is not just a financial narrative but a cultural one, too. It taps into the same energy that’s driving renewed interest in American-made products, local business support, and a return to foundational community structures.
Growth Driven by Individuals, Businesses, and Faith-Based Groups
What makes Old Glory Bank’s rapid rise even more remarkable is the breadth of its customer base. The growth has been fueled not only by individual consumers but also by small businesses, family-owned operations, religious organizations, and nonprofits—all looking for a financial home that won’t compromise their mission or principles.
This wide-ranging adoption is particularly noteworthy because community banks typically scale slowly. Reaching $200 million in deposits in a little over two years would be exceptional under any circumstances—but in today’s competitive banking landscape, it’s nearly unprecedented.
The bank offers a full suite of personal and business banking services—checking and savings accounts, lending solutions, digital banking, and treasury services—making it a viable alternative to the big-name banks that dominate the industry.
Financial Independence Meets Ownership Opportunity
As part of its broader mission to return economic power to everyday Americans, Old Glory Bank recently launched a Mini-IPO. Hosted at Own.OldGloryBank.com, the offering allows supporters to take equity ownership in the bank, deepening their connection to the freedom-based banking movement.
“This isn’t just about banking. It’s about reclaiming American institutions,” said Sean Spicer, Board Member and former White House Press Secretary. “Old Glory Bank is proving that freedom remains the foundation of capitalism and taking care of our own community.”
By opening up investment opportunities to its customers and advocates, the bank aims to foster not just loyalty, but a sense of shared mission. The Mini-IPO reflects the belief that true economic independence begins when individuals not only control their finances but also own the institutions that steward them.
Standing Apart in a Crowded Market
While many financial institutions tout innovation through technology or customer perks, Old Glory Bank has carved a niche by focusing on ideology—a bold strategy that seems to be paying off. The bank has explicitly stated that it does not use ESG (Environmental, Social, and Governance) scores in decision-making, does not enforce DEI (Diversity, Equity, and Inclusion) mandates, and does not implement political screening mechanisms on its customers.
In an era where many Americans feel that financial services are increasingly politicized, Old Glory Bank has made clarity of values its key differentiator.
The bank’s mobile app, online services, and customer support systems have also been developed to ensure a full-service digital experience without the need to compromise on values or security. With robust encryption and a strong stance on privacy, Old Glory Bank is bringing together modern banking tools with traditional American principles.
About Old Glory Bank
Old Glory Bank is an FDIC-insured bank that offers the best mobile banking solutions for consumers and businesses, from sea to shining sea. Old Glory Bank is committed to protecting the Privacy, Security, and Liberty of all Americans and serving those who feel marginalized for believing in the greatness of our country. Old Glory Bank was co-founded by some of the leading voices representing freedom and patriotism, including former Secretary of Housing and Urban Development, Dr. Ben Carson; Radio and Television Personality Larry Elder; country music superstar, TV host, and entrepreneur John Rich; and former two-term Governor of Oklahoma, Mary Fallin-Christensen. Mr. Sean Spicer serves on the Board of Directors of Old Glory Bank. Visit www.oldglorybank.com. We Stand with You. Member FDIC. Equal Housing Lender.
