My first thought when I heard that Country singer John Rich (with Larry Elder and Ben Carson) had “started a bank” was, hell yeah! It’s called Old Glory Bank, and to steal a phrase from Capitol One, it’s not like other banks.
Rich told John Solomon, “People are getting their credit cards turned off if they go to the wrong protest or if they make the wrong social media posts. They’ve weaponized our bank accounts basically, at this point. There’s a whole group of real patriotic Americans who just believe in freedom of speech, and they wanted to create a new platform for regular Americans to be able to do their business.” Elder said “We offer full online banking services. So those of you who were threatened with having your accounts shut down or you’re with banks that have threatened to have others shut down and you don’t like the values of your bank, there’s a home for you at Old Glory Bank.”
My second thought was that they would need a lot of depositors because the other banks and the regulators will be on them like white on rice. Especially the federal regulators. It’s what they do, and with the encouragement of the existing banking system, I’m sure they will be appropriately motivated. But they are doing it anyway, Old Glory, I mean.
Old Glory Bank, the bank for the hard-working Americans who make this country run every day. The bank for people who believe in love of country, respect for the flag, and appreciate the military, law enforcement and first responders.
Freedom. Privacy. Security. Life and liberty.
These are the values that are woven into the fabric of this great nation. Old Glory Bank is for people who believe in the principles that made America strong. Old Glory Bank shares your values. Your beliefs should never be marginalized.
And it’s not exactly a “new” bank if you read to the bottom of their home page.
