The bank that turned financial censorship on its head is going public, striking a huge blow against the left’s ability to punish, silence and cancel their enemies.
Freedom-loving Old Glory Bank plans to go public in the first or second quarter of 2026 with an initial pre-money valuation of $250 million. The bank's co-founder and president, Mike Ring, described Old Glory Bank as "the premier alternative to mega-banks, and their debanking, government bailouts, and participation in improper government surveillance." This latest move will come with increased visibility for banking free of financial censorship.
In comments to MRC, Ring stressed the necessity of new financial options. "The activities by the big banks following J-6, their treatment of the Trump family and other conservatives, and their participation in Arctic Frost can never be forgotten."
Big Tech companies and financial institutions have a history of acting in lockstep to censor or financially censor the left’s enemies. In 2021, President Donald Trump was swiftly banned from nearly every social media platform and even financial platforms like Stripe and Shopify following the Jan. 6 Capitol riot. The one platform that didn’t ban Trump was kicked out of the app stores.
Trump, however, was by no means the only one targeted. Both Bank of America and USAA debanked former Trump attorney John Eastman. Across the pond, Reform U.K. Party leader Nigel Farage settled with National Westminster Bank in 2025 after its subsidiary debanked him in 2023.
Citigroup put absurd restrictions on gun manufacturers in 2018, trying to force them to limit magazine size and discriminate against 18-20-year-old legal paying customers. But after Trump was reelected and issued a pro-free speech executive order, Citigroup backed off these restrictions for now.
These institutions are just a few of the many offenders. MRC’s exclusive Censortrack database also includes examples of financial censorship at JP Morgan Chase, Evangelical Christian Credit Union, GoFundMe, Kickstarter, Patreon, Paypal, Stripe, Truist, Venmo and Wells Fargo.
Much of the debanking was enabled by the infamously anti-free speech Biden administration. Biden’s Treasury Department eliminated the rule protecting individuals from being debanked for their political beliefs or companies being debanked over products such as coal, guns or oil. Previously, President Obama put pressure on the financial world to defund disfavored industries, while the state of New York aggressively worked to defund the NRA.
However, the tide has turned, at least for the moment, with Trump signing multiple executive orders against debanking, including a Jan. 2025 executive order championing cryptocurrencies, blockchain and an end to financial discrimination. On Jan. 17, Trump signaled he would go after JPMorgan, an institution that reportedly debanked his family.
So much of the Trump administration’s reversals of Biden-era actions has been through executive orders and administrative proceedings. These can be easily reversed by a future administration, just as the newly-elected governor of Virginia has quickly reversed many of her predecessor’s actions.
The emergence of Old Glory Bank as a publicly traded company offers an alternative to people who want protection from future debanking practices, whether coerced by government or at the whims of woke-minded CEO’s of existing institutions.
Conservatives are under attack! Contact your representatives and demand that Big Tech be held to account to mirror the First Amendment while providing transparency, clarity on hate speech and equal footing for conservatives. If you have been censored, contact us using CensorTrack’s contact form, and help us hold Big Tech accountable.
