Old Glory Bank has outlined plans to launch its NextGen banking platform in the first quarter of 2027, pairing traditional accounts with crypto services after a financing deal stalled during Federal Reserve review.
Summary
- Q1 2027 is the bank’s launch target, with another capital transaction planned before opening.
- Old Glory says it holds $280 million in assets and roughly $20 million in loans.
- Its current FAQ lists HBAR and XDC first, followed by XRP, Bitcoin, and XLM.
- A 2024 consent order required more capital, stronger oversight, and approval for business plan changes.
Old Glory Bank said in recent public replies that it expects to obtain capital elsewhere…
