Singer John Rich announces creation of new financial bank to fight against cancel culture
Singer and songwriter John Rich has just announced a new financial bank to fight against cancel culture. He tweeted an article about the new bank, named Old Glory Bank, which is being led by Rich, …
https://oldglorybank.com/
You can sign up for their mailing list/ reservation, in about one minute. I did it yesterday,we will see what they have to offer.
Looks like this bank has no derivative exposure.
Link to the banks financials:
https://www.usbanklocations.com/old-glory-bank.html
For anyone who hasn't already seen it, here is the list of all banks in order by derivative exposure.
https://www.usbanklocations.com/bank-rank/derivatives.html
New bank, but then in the link it mentions them being 120 years old?
Support your local community bank or credit union, not Chase, US Bank, or any of the big ones.
He probably bought a struggling small town bank. I it a lot easier than getting one chartered particularly with the existing fed/FDIC environment...
https://www.businesswire.com/news/home/20221116005087/en/Old-Glory-Holding-Company-to-Acquire-First-State-Bank-of-Elmore-City-Oklahoma
John rich, who is also a co-founder and stockholder of Old Glory Bank,
There us such a thing as re-incorporation. Essentially reorganizing a corporation or re-forming it in a different state. He could be considered a founder of the re-incorporated bank since he is not more than 120 years old. That was the mentioned number right? 120 years?
LOL, yes. It was an acquisition of a former bank. The businesswire article was good. Just odd how they reference 120 years old on their website when it is essentially a new entity acquiring a former bank.
sorry I read the Reply comment on my notification page so I didn't see the article link.... just read it now.