Bank / Credit Union

Old Glory Bank to go public through merger with Digital Asset Acquisition

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January 26, 2026

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Old Glory Bank, an Oklahoma-based digital lender, announced Tuesday it will go public through a merger with Digital Asset Acquisition Corp., according to a press release.

The deal values Old Glory Bank at $250 million. Upon closing, expected by the second quarter of 2026, the combined entity will be renamed OGB Financial Company. It is expected to trade on the Nasdaq under the ticker symbol "OGB."

The transaction includes $176 million currently held in DAAQ's trust account. The companies also intend to raise at least $50 million through a private investment in public equity and other financing.

The bank intends to use the capital to integrate cryptocurrency services into traditional banking. Plans include the launch of "OGBUSD," a proprietary stablecoin, and a system to allow customers to exchange digital assets for fiat currency.

The merger remains subject to regulatory and shareholder approval.