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- 1Old Glory Bank 'severely undercapitalized,' FDIC says●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, an Oklahoma-based lender, is severely undercapitalized. Despite deposits growing from $10 million in 2023 to more than $245 million by the end of 2025, the bank has failed to turn a profit, raising questions about its financial footing and what regulatory steps could follow.