oldglorybank

In a bold move that could reshape the digital banking landscape, Old Glory Bank, a U.S.-based bank known for its crypto-friendly policies, announced plans to become a public company. They will do so through a SPAC (Special Purpose Acquisition Company) merger with Digital Asset Acquisition Corp., in a deal valued at $250 million.
Key Deal Highlights
This strategic merger is backed by significant fresh funding:
· $176 million from the funds held by the SPAC.

Old Glory Bank (OGB) announced a merger agreement with DAAQ on January 13, 2026, taking the bank public with a valuation of $250 million. The deal positions OGB as a crypto-integrated financial institution, combining traditional banking with digital assets through its OGBUSD stablecoin and crypto-backed loans. DAAQ shares currently trade at $10.37, hovering above the $10.18 50-day moving average while testing resistance at $10.65.
The merger reflects OGB’s rapid growth, with deposits soaring from $10 million in 2023 to $245 million by late 2025, serving over 80,000 accounts across all 50 states. Funding includes $176 million from DAAQ’s trust and a planned $50 million PIPE to support the combined OGB Financial Company. Institutional interest in fintech-crypto hybrid models appears strong, as the deal aligns with projected closing in Q1/Q2 2026.
High-profile leadership adds notable credibility to the project. Co-founders Dr. Ben Carson and Sean Spicer bring visibility and brand recognition, particularly within the so-called “Freedom Economy” segment. As an FDIC-insured institution supporting digital assets, OGB attracts customers seeking alternatives to traditional banking restrictions, combining regulatory compliance with innovative financial products.
Technical indicators show neutral momentum for DAAQ shares, with an RSI (14) of 52.9. Support is identified at $10.36, with a structural floor at $10.00, providing a defined base for the market to digest the merger. Key resistance levels lie at $10.65 and $11.50, while a breakout above $12.00 could signal a significant bullish trend. Trading volume spiked following the announcement, reflecting heightened interest from institutional and retail investors alike.
Investors should remain aware of potential risks. The $50 million PIPE financing condition is crucial, as failure to secure funds could delay the merger. Regulatory scrutiny around the bank’s stablecoin initiatives may also trigger volatility during approval processes. SPAC-related dilution post-merger is another consideration, making prudent risk management essential. Setting a stop-loss near $10.00 could help mitigate downside risk while the market evaluates the long-term potential of the combined entity.
Overall, the merger represents a notable convergence of fintech, crypto, and mainstream banking. By scaling operations and integrating digital assets, OGB aims to capture growing demand for hybrid financial services, positioning itself as a unique player in the evolving financial ecosystem.
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