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Old Glory Bank Says Fed Blocked Its Nasdaq Deal
Summary by The Dallas Express News
1 Articles
1 Articles
Old Glory Bank Says Fed Blocked Its Nasdaq Deal
Old Glory Bank will remain privately held after abandoning a transaction that valued its holding company at $250 million and would have taken the combined company public on Nasdaq, with President and CEO Mike Ring saying the Federal Reserve would not approve the deal. The Oklahoma-based, digital-first bank disclosed the decision Thursday in a customer email reviewed by The Dallas Express. Digital Asset Acquisition Corp., the Nasdaq-listed specia…
·Dallas, United States
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Total News Sources1
Leaning Left0Leaning Right1Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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