Crypto-Friendly Old Glory Bank to Go Public Through SPAC Merger

TLDR

• Old Glory Bank will merge with Digital Asset Acquisition Corp to form OGB Financial Company.
• The new firm plans to list on Nasdaq under the ticker symbol “OGB” in early 2026.
• The bank aims to allow users to move money on and off-chain using crypto.
• Old Glory was originally chartered over 100 years ago in Oklahoma.

Old Glory Bank, known for its crypto-friendly approach, is set to become a publicly traded company through a merger with Digital Asset Acquisition Corporation. The move will form OGB Financial Company, based in Texas, and aims to list on the Nasdaq under the ticker “OGB.” This marks a major step in combining traditional banking with digital assets, offering customers seamless crypto-to-fiat banking solutions through upcoming tools like the OGB Freedom Offramp.

OGB Financial Company to Be Formed in Texas

Old Glory Bank announced that it will merge with Digital Asset Acquisition Corporation to form a new Texas-based company. The firm will be called OGB Financial Company. This move is part of Old Glory Bank’s strategy to become a publicly listed company. The combined company is expected to trade on the Nasdaq stock exchange under the symbol “OGB”.

According to a joint statement made Tuesday, the deal is likely to close by the end of Q1 or early Q2 2026. This timeline depends on approval from both regulators and shareholders. The companies said the agreement will support Old Glory’s vision of integrating digital assets into everyday banking.

Aiming to Integrate Crypto Into Traditional Banking

Old Glory Bank’s co-founder and Chief Innovation Officer, Michael Shaw, said the bank intends to lead in digital asset banking. “We intend for Old Glory Bank to be the first chartered bank to fully integrate crypto into daily banking,” Shaw said.

He added that the bank is working on a solution called the “OGB Freedom Offramp.” This tool will allow users to convert crypto into fiat and deposit it directly into their bank accounts. Shaw described it as a “patent-pending” feature that will help customers move funds easily on and off the blockchain.

A Legacy Bank With a Digital Focus

Old Glory Bank has over a century-long history. It was originally chartered as First State Bank of Elmore City in Oklahoma. The bank was acquired by Old Glory Holding Company in 2022. After the merger, it was rebranded as Old Glory Bank and repositioned to offer digital-first banking services.

The bank has since focused on combining traditional banking with blockchain technology. It markets itself as a solution for users who want both fiat and crypto tools in one place.

Growing Crypto Presence in U.S. Banking Sector

Old Glory’s SPAC deal comes at a time when more crypto companies are entering the banking space. In December, the U.S. Office of the Comptroller of the Currency gave conditional approval to five national bank charter applications. These included companies like Ripple Labs and Circle.

Recently, World Liberty Financial—a crypto firm linked to former President Donald Trump’s family—also applied for a national trust banking charter. Its CEO, Zach Witkoff, said the move will help with issuing and converting its stablecoin.

The trend reflects increasing interest among crypto firms to operate within regulated U.S. banking frameworks. Old Glory Bank’s Nasdaq listing plan continues this trend by combining banking licenses with crypto-friendly solutions.

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