Why are you offering this opportunity? 

Since starting to open online accounts in March of 2023, we have grown to over $100 million in assets and added tens of thousands of customers across all 50 states. Old Glory Bank has one of the industry’s strongest loan-to-asset ratios (about 4%), has no exposure to commercial real estate, and has one of the industry’s highest liquidity ratios (about 98%). We are primarily undertaking this public private-placement to satisfy leverage ratios (tier one capital to assets) relating to our fast-growing deposits.

We are 100% owned by our founders, friends, and family, and to maintain this independence, we are inviting accredited investors to become an owner. We want to ensure Old Glory Bank remains owned by Main Street – not Wall Street.

Can anyone invest? 

Because of SEC regulations at 17 CFR § 230.506(c), we can only accept subscriptions from accredited investors. Generally, an accredited investor means that you are an individual who has annual income in excess of $200,000 for the prior 2 years (or joint income with your spouse in excess of $300,000). Also, regardless of your income, you are accredited if you have a net worth in excess of $1 million (excluding principal residence). There are also rules for trusts and other entities. Please see 17 CFR § 230.501(a) for full details.

Please note that it's the SEC (not Old Glory Bank) that requires investors of our restricted stock to be "accredited."  We wish we could have everyone be an owner (especially because the minimum purchase is only $1776), but the law does not allow that, and we are a "law and order" Bank.  

What is the minimum/maximum investment? 

The minimum investment is $1776. Investors may offer to subscribe for more than this amount. In this Private Placement, we are raising up to $20 million.

What stock can I buy? 

Old Glory Holding Company, the Delaware bank holding company that owns Old Glory Bank, is undertaking this Public Private-Placement of Class A Common Stock in accordance with Rule 506(c) of Regulation D. This Class A Common Stock is the most senior security and is the same class and series that is owned by all investors. These purchased shares are “restricted” and may not be resold until registered unless there is an available exemption to registration. Old Glory Bank is only for long-term owners who believe that we need a bank that shares Pro-America values and protects its customers from government overreach.

What is the stock price? 

$6.00 per share.  The minimum number of shares for which you may offer to subscribe is 296.

What does "offer to subscribe" mean?

In connection with this Private Placement, accredited investors may offer to subscribe for Class A Common Stock of Old Glory Holding Company (the bank holding company of Old Glory Bank), pursuant to an exemption from registration under Rule 506(c) of Regulation D. Each offering must be accepted by the Board of Directors and many terms and conditions apply to this offering, which are described in our Confidential Private Placement Memorandum.

Can I sell my stock to someone else after I purchase? 

Not anytime soon. You are offering to subscribe for restricted securities, which means that this stock may not be resold until registered, unless there is an available exemption to registration. Old Glory is only for long-term owners who believe that we need a bank that shares Pro-America values and protects its customers from government overreach. The timing on when we believe registration of your shares may occur is described in our Confidential Private Placement Memorandum.

Can I leave it to a beneficiary in my will? 

Transferring your stock to your trust or family is generally exempt from registration and is permitted.

Do you have plans for an IPO (Initial Public Offering)?

Yes. This information is described in our investor presentation and in our Confidential Private Placement Memorandum. If you are accredited, please start your journey to become an owner.

Is my investment protected? Am I guaranteed a return?

Your deposit in an Old Glory Bank account is insured by the FDIC (up to $250,000 per depositor), but your investment to become an owner is not. We believe there is the potential for a very large return with your ownership, but Investing in private equity is always speculative and you should not participate unless you can afford to lose your entire investment. These details are described in our Confidential Private Placement Memorandum.

Will my name/identity be revealed as an owner? 

No. Our stockholder list is kept private, with very limited rights under Delaware Law for other investors to learn of your identity. Of course, you are welcome to publicize that you became an owner of Old Glory Bank and we hope you do!

When does this opportunity expire? 

We are only offering for subscription $20 million of our Class A Common Stock and once we have accepted subscriptions in this amount, we will terminate this offering at $6.00 per share.

What is my role as a shareholder? Do I have a voice in how the company is operated? 

You will own voting stock and have one vote per share. Also, as a holder of Class A Common Stock, which is our most senior stock, you have additional rights and preferences that are described in our Confidential Private Placement Memorandum.

Do I have to be an Old Glory Bank account holder? 

No. But if you are not an account holder, what are you waiting for? It only takes 8 minutes! Open your account here.

Can I talk with someone at Old Glory Bank about this opportunity? 

Yes. Please send an email to own@oldglorybank.com, and we will contact you.

These links will provide additional information about Regulation D and why we may only accept accredited investors for this opportunity. 

https://www.sec.gov/education/capitalraising/building-blocks/accredited-investor

https://www.sec.gov/oiea/investor-alerts-and-bulletins/private-placements-under-regulation-d-investor-bulletin

https://www.investor.gov/introduction-investing/investing-basics/glossary/rule-506-regulation-d