Old Glory Bank has made headlines with a significant surge in deposits, showcasing its rapid growth and innovative approach to banking. The report highlights positive developments indicating that the bank is positioning itself as a formidable competitor in the financial sector with plans to introduce crypto-backed loans.
Old Glory Bank's Impressive Deposit Growth
Between April 2023 and December 31, 2025, Old Glory Bank's deposits skyrocketed from $10 million to an impressive $245 million. This remarkable growth reflects the bank's ability to attract a diverse clientele, now serving over 80,000 personal and business accounts across the nation.
Introduction of Crypto-Backed Loans
Chief Innovation Officer Michael Staw revealed the bank's upcoming initiative to offer crypto-backed loans. This service will enable customers to leverage their digital asset holdings for loans without incurring taxable events, a feature that could appeal to many crypto investors. By introducing this innovative product, Old Glory Bank aims to carve out a niche in the competitive banking landscape, challenging larger financial institutions with its unique offerings.
In a related development, BitMine has reported a significant increase in its staking activity, reflecting growing interest in Ethereum. For more details, see the full article here.
