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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

Federal regulators have determined that Old Glory Bank is severely undercapitalized, according to an FDIC finding reported by American Banker. The bank has grown deposits sharply, from $10 million in 2023 to more than $245 million at the end of 2025, yet has struggled to turn a profit during that expansion. The declaration raises questions about the bank's financial footing and what regulatory steps may follow.

Why now: Regulators flagging a fast-growing but unprofitable bank as severely undercapitalized raises concerns about its stability.

Old Glory BankFDIC

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• Old Glory Bank is 'severely undercapitalized,' FDIC says The bank has struggled to turn a profit despite growth in deposits from $10 million in 2023 to over $245 million at the end of 2025. https://www. americanbanker.com/news/old-gl… · AlexJimenez@mas.to · 1

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