Old Glory Holding Company

Old Glory Holding Company

Open  for investment

About this raise

Old Glory Holding Company is raising funds through Reg A+ crowdfunding with Rialto Markets as the Broker-Dealer. It is the holding company for Old Glory Bank. Old Glory Holding Company acquired First State Bank of Elmore County in 2022 and renamed it to Old Glory Bank. The pro-American bank has tens of thousands of customers across all 50 states and also provides online and mobile banking services for both consumers and businesses. John Rich, Dr. Ben Carson, and Larry Elder founded Old Glory Holding Company in 2021. The current crowdfunding round has a maximum target of $35 million. The campaign proceeds will be used for operating costs, loans, and future growth.

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Investment Overview

Committed this round: $4,677,115

Deal Terms

Total Commitments

Platform
Rialto Markets
Start Date
12/18/2024
Close Date
Not Provided
Min. Goal
$63
Max Goal
$35,000,000
Min. Investment

$63

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$7.00

Pre-Money Valuation

$351,132,026

Company & Team

Company

Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Atlanta, Georgia
Business Type
Growth
Company Website
Visit Website

Team

Employees
75
Prior Founder Exits?
No
Founder Name
Ben Carson
Title
Director
Founder Name
Larry Elder
Title
Director
Founder Name
John Rich
Title
Co-Founder

Financials

 Revenue +1,630% YoY
$4,987,811
 Monthly Burn
$1,068,938
 Runway
24+ months

Balance Sheet

Cash and Cash Equivalents

$89,563,287

Investment Securities

$919,146

Loans

$3,167,037

Total Assets

$98,449,942

Accounts Payable & Accrued Liabilities

$2,003,591

Deposits

$86,279,061

Long Term Debt

$0

Total Liabilities

$88,282,652

Total Stockholders' Equity

$10,167,290

Total Liabilities and Equity

$98,449,942

Statement of Comprehensive Income Information

Total Interest Income

$2,340,467

Total Interest Expenses

$233,281

Depreciation and Amortization

$56,819

Net Income

$-12,827,252

Earnings Per Share - Basic

$-0.33

Earnings Per Share - Diluted

$-0.30

Auditor: Eide Bailly LLP
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/18/2025 Rialto Markets $351,132,026 $4,677,115 Equity - Common Active RegA+
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Old Glory Holding Company on Rialto Markets 2024
Platform: Rialto Markets
Security Type: Equity - Common
Valuation: $351,132,026
Price per Share: $7.00

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