FDIC

The FDIC has determined that Old Glory Bank is severely undercapitalized, according to American Banker. The Oklahoma-based bank, founded as a conservative-focused institution, has grown deposits rapidly, from $10 million in 2023 to more than $245 million by the end of 2025, but has struggled to turn a profit despite that expansion. Regulators now face questions about the bank's financial footing and its ability to meet capital requirements.