Old Glory Bank to go public via a SPAC with Digital Asset Acquisition Corp in a $316m deal.

Old Glory Bank, an online bank, to go public via a SPAC with Digital Asset Acquisition Corp, a special purpose acquisition company, in a $316m deal. “Old Glory Bank’s holding company already has more than 6,000 patriotic stockholders. This transaction and the related listing on Nasdaq will provide the capital necessary for us to continue growing deposits while ensuring that the great Americans living on Main Street, who we serve from sea to shining sea, can also be owners,” Ben Carson, Old Glory Bank Co-Founder and Board Member.