Conservative leaders create first ‘freedom bank’
The country’s first “freedom banking solution” is currently accepting account reservations.
Old Glory Bank, founded by country music star John Rich, retired neurosurgeon and former Housing and Urban Development Secretary Dr. Ben Carson, and political commentator Larry Elder, was established last month after passing regulatory hurdles and becoming a chartered, FDIC-insured institution.
The bank “will be the first chartered bank to openly support America, its flag, freedom, patriotism, the military and first responders,” the bank said in a statement. “Old Glory Bank promises it will never cancel law-abiding customers for their beliefs or for exercising their lawful rights of free speech.”
Old Glory Bank was created in response to the growing omnipotence of America’s financial institutions, that have come to exercise profound power over their customers.
In 2021, for example, Chase Bank felt comfortable closing former Trump National Security Adviser Lt. Gen. Michael Flynn’s bank account due to “reputational reasons,” according to The Heritage Foundation. Chase's decision followed an earlier decision by Wells Fargo to close the bank account of 2020 Delaware Republican Senate Candidate Lauren Witzke. Bank of America, of its own volition, decided to track its customers who may have been at the Capitol on January 6, 2021, and report them to the FBI. Following the Capitol rally, payment processor Stripe stopped processing payments for Trump’s campaign and anyone who was at the Capitol that day.
In October, JP Morgan Chase abruptly canceled the bank account of Yeezy, rapper Kanye West’s company, after West had been vocal about supporting President Donald Trump and opposing the Democratic Party’s agenda. The next day, Bank of America canceled the bank account belonging to Catturd, a popular conservative voice on social media, without warning or explanation.
Enter Old Glory Bank.
“Sporting events can be canceled. People should never be,” says the bank on its website. "Standing with you means standing up to cancel culture. After all, nothing is as American as freedom. And nothing is as un-American as being canceled for what you believe.”
In October, PayPal announced it would update its policy to fine users $2,500 for “misinformation” and “objectionable” content. The company ultimately retracted the new policy following intense backlash.
“It’s been dismaying to see the political weaponization of the financial system,” John Rich commented. “Old Glory Bank was created to be the full banking solution for folks who still believe in freedom and the greatness of America.”
The establishment will take over the First State Bank building in Oklahoma, which was founded in 1903.
“Old Glory Bank will serve lower- and middle-income Americans and those Americans that other banks have marginalized and ignored, hard-working patriots who keep this country running every day,” said Dr. Ben Carson in a statement.
