A longtime Jacksonville banker is one of the executives involved in the creation of a new digital bank — one that promises to be the “first chartered bank to openly support America, its flag, freedom, patriotism, the military and first responders.”
He will now be senior regulatory officer at Old Glory Bank, an institution that counts former Housing and Urban Development Secretary Ben Carson, talk show host Larry Elders and musician John Rich as board members. Former Fox News co-president Bill Shine will serve as executive chairman. While Old Glory Bank will focus on digital banking, it is being formed through the acquisition of First State Bank, which was founded in 1903 in Elmore City, Oklahoma — a small town whose 1980 prom inspired the movie “Footloose.”
"With the aid of cutting-edge digital technology, we will ‘export’ this bank’s hometown values across the country,” Brown said in a statement announcing the launch
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