This isn't an "alt bank". This trio bought an already existing bank that already had ties to the financial system, including FDIC insurance, and renamed it. The big question, as current_horror points out, is how far is the existing system willing to tolerate something like old glory bank. Time will tell.
This isn't an "alt bank". This trio bought an already existing bank that already had ties to the financial system, including FDIC insurance, and renamed it. The big question, as current_horror points out, is how far is the existing system willing to tolerate something like old glory bank. Time will tell.