Mmastodon BusinessBanking first seen 5 h ago, last 1 h ago, peak #4
FDIC says Old Glory Bank is severely undercapitalized
Original: Old Glory Bank is 'severely undercapitalized,' FDIC says The bank has struggled to turn a profit despite growth in depos
The FDIC has determined that Old Glory Bank is severely undercapitalized, according to American Banker. The Oklahoma-based bank has grown deposits rapidly, from $10 million in 2023 to more than $245 million at the end of 2025, but has struggled to turn a profit. Regulators' finding raises questions about the bank's financial footing and its ability to meet capital requirements.
Why now: A federal regulator's severely undercapitalized designation signals serious risk at a bank that has been expanding quickly, prompting concern among depositors and observers.
Old Glory BankFDICAmerican Banker
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