{"id":1771274,"date":"2022-12-10T16:47:54","date_gmt":"2022-12-10T21:47:54","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1771274"},"modified":"2022-12-10T16:47:55","modified_gmt":"2022-12-10T21:47:55","slug":"country-music-star-john-rich-launches-patriotic-bank-with-ben-carson-and-larry-elder-will-never-cancel-law-abiding-customers","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/country-music-star-john-rich-launches-patriotic-bank-with-ben-carson-and-larry-elder-will-never-cancel-law-abiding-customers\/","title":{"rendered":"Country Music Star John Rich Launches Patriotic Bank With Ben Carson And Larry Elder; Will \u2018Never Cancel Law-Abiding Customers\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">38<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcountry-music-star-john-rich-launches-patriotic-bank-with-ben-carson-and-larry-elder-will-never-cancel-law-abiding-customers%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1771274&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Country music legend <a href=\"https:\/\/www.dailywire.com\/topic\/john-rich\" target=\"_blank\" rel=\"noopener\">John Rich<\/a>, conservative commentator <a href=\"https:\/\/www.dailywire.com\/topic\/larry-elder\" target=\"_blank\" rel=\"noopener\">Larry Elder<\/a>, and retired neurosurgeon Dr. <a href=\"https:\/\/www.dailywire.com\/topic\/ben-carson\" target=\"_blank\" rel=\"noopener\">Ben Carson<\/a> purchased a <a href=\"http:\/\/dailywire.com\/topic\/banks\" target=\"_blank\" rel=\"noopener\">bank<\/a> in order to promote American values and oppose <a href=\"https:\/\/www.dailywire.com\/topic\/cancel-culture\" target=\"_blank\" rel=\"noopener\">cancel culture<\/a> in the financial system.<\/p>\n<p>The three co-founders and stockholders cleared regulatory hurdles to acquire First State Bank of Elmore City, Oklahoma, the state\u2019s first and oldest bank, and will rename the financial institution Old Glory Bank. According to a <a href=\"https:\/\/www.businesswire.com\/news\/home\/20221116005087\/en\/Old-Glory-Holding-Company-to-Acquire-First-State-Bank-of-Elmore-City-Oklahoma\" target=\"_blank\" rel=\"noopener\">press release<\/a>, the company will \u201cnever cancel law-abiding customers for their beliefs or for exercising their lawful rights of free speech.\u201d<\/p>\n<p>\u201cIt\u2019s been dismaying to see the political weaponization of the financial system,\u201d Rich commented. \u201cOld Glory Bank was created to be the full banking solution for folks who still believe in freedom and the greatness of America.\u201d<\/p>\n<p>Old Glory Bank clients will be permitted to round up to the nearest dollar every time they make a transaction and donate the funds to charity, including Oklahoma nonprofit organization Folds of Honor, which provides academic scholarships for the spouses and children of fallen soldiers. Among other leaders in the venture is William Shine, the former co-president of Fox News and president of Fox Business News, who serves as executive chairman.<\/p>\n<p>The bank, which will be backed by the Federal Deposit Insurance Corporation, plans to openly support first responders and the military, as well as offer no-fee accounts, free overdraft protection, and early direct deposit access. Old Glory Bank Senior Regulatory Officer Bennett Brown said that \u201ccutting-edge digital technology\u201d will permit customers from across the nation to access the company\u2019s services.<\/p>\n<p>\u201cOld Glory Bank will serve lower- and middle-income Americans and those Americans that other banks have marginalized and ignored, hard-working patriots who keep this country running every day,\u201d added Carson, who worked as director of pediatric neurosurgery at Johns Hopkins University before leading the Department of Housing and Urban Development under the Trump administration.<\/p>\n<p>The venture comes as established financial institutions grow increasingly hostile toward free expression. PayPal, which has deplatformed multiple organizations and commentators for their political views, unveiled a change to its acceptable use policy two months ago that would have banned the promotion of \u201cmisinformation\u201d and drawn $2,500 penalties from account holders deemed to be in violation. Within one day of The Daily Wire <a href=\"https:\/\/www.dailywire.com\/news\/new-paypal-policy-lets-company-pull-2500-from-users-accounts-if-they-promote-misinformation\" target=\"_blank\" rel=\"noopener\">reporting<\/a> on the policy change, however, PayPal <a href=\"https:\/\/www.dailywire.com\/news\/paypal-reverses-plan-to-fine-users-2500-for-misinformation-after-daily-wire-report\" target=\"_blank\" rel=\"noopener\">reversed<\/a> the guidelines and claimed that they had been published \u201cin error.\u201d<\/p>\n<p>PayPal trended on social media after the retracted acceptable use policy garnered public attention, leading thousands of customers to balk at the move and cancel their accounts. The company\u2019s stock price <a href=\"https:\/\/www.dailywire.com\/news\/breaking-paypal-stock-plummets-after-daily-wire-report-exposes-shocking-misinformation-policy\" target=\"_blank\" rel=\"noopener\">fell precipitously<\/a> in subsequent trading.<\/p>\n<p>Other companies, such as <a href=\"https:\/\/www.dailywire.com\/news\/the-end-of-conservative-books-amazon-quietly-bans-books-they-deem-offensive-hate-speech\" target=\"_blank\" rel=\"noopener\">Amazon<\/a>, <a href=\"https:\/\/www.dailywire.com\/news\/allie-beth-stuckey-suspended-from-twitter-after-challenging-fox-news-segment-that-went-viral\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>, and <a href=\"https:\/\/www.dailywire.com\/news\/meta-doubles-down-after-zuckerberg-reveals-how-facebook-censored-hunter-biden-laptop-story\" target=\"_blank\" rel=\"noopener\">Facebook,<\/a> have sanctioned conservatives over their positions on controversial social issues, including transgenderism, vaccine mandates, and homosexuality. <a href=\"https:\/\/www.dailywire.com\/news\/what-gofundmes-trucker-convoy-targeting-says-about-tech\" target=\"_blank\" rel=\"noopener\">GoFundMe<\/a> seized millions raised for trucker protests in Canada earlier this year, while <a href=\"https:\/\/www.dailywire.com\/news\/democrat-senator-happy-about-getting-google-to-suppress-crisis-pregnancy-centers\" target=\"_blank\" rel=\"noopener\">Google<\/a> began suppressing search results for crisis pregnancy centers.<\/p>\n<p>\u201cGreater encroachment by large technology and financial companies into public speech will only exacerbate Americans\u2019 increasing mistrust of such institutions,\u201d members of the Senate <a href=\"https:\/\/www.dailywire.com\/news\/senators-confront-paypal-on-misinformation-policy-highlighted-by-daily-wire-report\" target=\"_blank\" rel=\"noopener\">wrote<\/a> in a letter to PayPal executives. \u201cPolicies that empower companies to punish individuals\u2019 beliefs by acting as arbiters of fact in our ever-changing news and public debate environment represent poor business decisions. Instead, large technology and financial institutions should focus on serving the needs of their customers without bias.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Country music legend John Rich, conservative commentator Larry Elder, and retired neurosurgeon Dr. Ben Carson purchased a bank in order to promote American values and oppose cancel culture in the financial system. The three co-founders and stockholders cleared regulatory hurdles to acquire First State Bank of Elmore City, Oklahoma, the state\u2019s first and oldest bank, &#8230;<\/p>\n","protected":false},"author":99,"featured_media":1890703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[5373,7670,4420,5287,6412,5379,6202,7672,4475,4794,5989,7671,3863,4220,7673,7669,5229,6195],"class_list":["post-1771274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-bank","tag-ben","tag-cancel","tag-carson","tag-country","tag-customers","tag-daily","tag-elder","tag-john","tag-larry","tag-launches","tag-law-abiding","tag-music","tag-never","tag-patriotic","tag-rich","tag-star","tag-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1771274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1771274"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1771274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1890703"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1771274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1771274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1771274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}