Old Glory Bank, a crypto-friendly lender, plans to merge with Digital Asset Acquisition Corporation to create OGB Financial Company. The new Texas-based company aims to go public on Nasdaq under the ticker symbol OGB, pending regulatory and shareholder approval. Old Glory Bank intends to fully integrate crypto into daily banking operations.

Founded over 100 years ago as the First State Bank of Elmore City in Oklahoma, Old Glory Holding Company acquired and rebranded it as Old Glory Bank in 2022. The bank is focused on providing digital-first banking solutions and aims to innovate by integrating crypto seamlessly into its offerings.

In December, the US Office of the Comptroller of the Currency conditionally approved five national bank charter applications for crypto-related companies, including Ripple Labs and Circle. World Liberty Financial, linked to Donald Trump and his family, also filed for a national trust banking charter to enhance its stablecoin services.

Read more at cointelegraph.com: Crypto-Friendly Bank to Go Public as Texas Company via SPAC