Old Glory Bank and Digital Asset Acquisition Corporation have entered into a definitive business combination agreement to create OGB Financial Company listed on Nasdaq. The transaction is expected to close at the end of the first quarter or early in the second quarter of 2026, subject to approvals. DAAQ currently holds $176 million in its trust account, and Old Glory Bank's pre-money valuation will be $250 million in this transaction.
Bank Integration of Crypto
Old Glory Bank aims to be the first chartered bank integrating crypto into daily banking.
Transaction Details
DAAQ has $176 million in its trust account, and Old Glory Bank's valuation will be $250 million in the merger.
Expansion and Growth
Old Glory Bank has seen significant deposit growth, surpassing $245 million by December 2025.
Product Offerings
Old Glory Bank offers a range of innovative products, including free accounts, early direct deposit, and specialty financial solutions.
- The merger will provide capital for continued growth and expansion of Old Glory Bank's services nationwide and internationally. Old Glory Bank's commitment to supporting industries like crypto, firearms, and agriculture reinforces its position as a community bank for all of America.
The partnership between Old Glory Bank and Digital Asset Acquisition Corp. marks a significant step towards creating an innovative and inclusive banking experience. The merger will fuel growth and ensure financial freedom for customers nationwide.