Old Glory Bank Ownership Opportunity

Important Details.

Old Glory Holding Company, the Delaware bank holding company that owns Old Glory Bank, is inviting accredited investors to consider purchasing Class A Common Stock, the most senior stock that is owned by current investors. The minimum purchase amount is $1776 ($1,776.00).

These purchased shares of Class A Common Stock will be “restricted,” which means they cannot be resold until registered unless there is an available exemption to registration. Potential investors should consider this a long-term investment. The first ability to sell these purchased shares will not likely occur until they are registered following the public offering by Old Glory Holding Company. That may not happen until at least 2028, or maybe even later.

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 (greater than 98%). We are primarily undertaking this public private-placement to satisfy regulatory leverage ratios related to deposit growth..

This Private Placement of Class A Shares in Old Glory Holding Company is exempt from registration pursuant to 17 CFR § 230.506(c), so every potential investor must be “accredited.” Generally, an accredited investor is an individual with annual income in excess of $200,000 for the prior 2 years or joint income with a spouse in excess of $300,000 for those years. Regardless of annual income, an individual is also accredited if having a net worth in excess of $1 million (excluding principal residence). There are also rules for trusts and other entities. See 17 CFR § 230.501(a).

If you are an accredited investor, and want to consider subscribing for Class A Common Stock of Old Glory Holding Company, the process is:

You’ll have to agree to electronic signatures.
You’ll have to agree to keep certain information confidential and private.
You’ll be required to watch our CEO’s Investor Presentation (about 50 minutes long).
You’ll be required to read and understand our Confidential Private Placement Memorandum.
You’ll be required to e-sign the applicable documents and submit payment for your subscription. Each offer to subscribe is subject to acceptance by the Board of Directors in accordance with the terms of our Confidential Private Placement Memorandum.

Important Details.

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