Old Glory Bank Strikes SPAC Deal to Form OGB Financial and Seek Nasdaq Listing

Overview

• Old Glory Bank and Digital Asset Acquisition Corporation plan to combine into Texas-based OGB Financial Company and pursue the ticker OGB on Nasdaq.
• The companies target closing by late Q1 or early Q2 2026, subject to shareholder votes and regulatory sign-offs.
• Executives say the bank intends to be the first chartered bank to fully integrate cryptocurrency into daily banking.
• A patent-pending “OGB Freedom Offramp” is proposed to convert crypto to dollars for direct deposits to customer accounts.
• The announcement follows recent OCC movement on crypto-linked charters, including conditional approvals tied to Ripple and Circle.