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graham steele @grahamsteele.bsky.social · 27/09/2026

Old Glory was promoted by right-wing media as an alternative to big banks that had gotten too woke. It looks like that model hasn't worked out. (It's not the first anti-woke bank to stumble. Another one, GloriFi went bankrupt.) nypost.com/2025/02/07/b...

nypost.com

This fledgling bank is looking to profit as Wall Street giants push to ‘debank’ conservatives

Officials there tell On The Money that they’ve seen a significant upswing in business following Trump’s broadside where he called out JPMorgan Chase CEO Jamie Dimon and Bank of America’s Brian Moyn…

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graham steele @grahamsteele.bsky.social · 27/09/2026

Old Glory's issues aren't new. Its CEO testified before the Senate in 2025 about so-called 'conservative debanking.' Old Glory was *already* under a consent order with state and federal regulators from 2024. One senator asked about that ... and blamed the regulators. www.govinfo.gov/content/pkg/...

Senator RICKETTS. Mr. Ring, your bank was one of many that was issued a consent order by the FDIC in recent years; is that correct?

Mr. RING. Yes.

Senator RICKETTS. Would you describe your relationship with your regulator to have been collaborative or more combative?

Mr. RING. I think it has gotten better recently. In fact, a great regulator at the FDIC, Joe Meade, who spent 30 years there, recently left, retired. Invested in our bank and he’s now on the board. And I think that has helped. But they, they definitely do not make it easier to be a new and
growing bank; right?

Senator RICKETTS. Well, I see my time’s up, Mr. Chairman. But I do want to just wrap up by saying, again, my experience in the financial services field was that when you had regulators that had a relationship with the regulated community, that actually helped them do their job to find the bad actors. And we all have an interest in really bad actors that are in our
industries. And that when you take an approach where you weaponize Government, it’s actually bad for the regulatory scheme in general because players or, you know, companies who are good, that are trying to stay in business and actually follow the rules are discouraged because the regulators are acting in a political manner.

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