Old Glory Bank Introduces $100,000 Line-of-Duty Death Benefit for Old Glory Protectors

Rhea-AI Summary

In celebration of Independence Day, Old Glory Bank introduces a $100,000 line-of-duty death benefit for its members from the Armed Forces, Firefighters, Law Enforcement, and Border Patrol Agents. This new benefit, called Old Glory Protect, is available to those who hold accounts at Old Glory Bank and maintain a minimum monthly direct deposit of $2,000. The benefit, starting on August 1, 2024, is underwritten by Everest Reinsurance Company. CEO Mike Ring emphasizes the bank's commitment to supporting those who protect the nation, highlighting that the bank stands for freedom and protection.

Positive

• Introduction of a $100,000 line-of-duty death benefit for Old Glory Bank members.
• Benefit covers members of Armed Forces, Firefighters, Law Enforcement, and Border Patrol Agents.
• Eligibility requires a monthly direct deposit of at least $2,000.
• Benefit is underwritten by Everest Reinsurance Company.
• Start date for the benefit is August 1, 2024.

Negative

• The benefit is not FDIC-insured.

In celebration of America’s Independence Day, Old Glory Bank honors our Protectors who are the Members of our Armed Forces, Firefighters, Law Enforcement, and Border Patrol Agents with a $100,000 line-of-duty death benefit for those Protectors who bank with Old Glory Bank.

www.oldglorybank.com

ELMORE CITY, Okla.--(BUSINESS WIRE)-- Old Glory Bank, the pro-America online community bank, announces Old Glory Protect, a $100,000 line-of-duty death benefit for our Protectors who pay the ultimate sacrifice. Old Glory Protectors are members of our Armed Forces (including active, guard, and reserve), firefighters (including volunteer and wildfire), state and local law enforcement officers, and U.S. Border Patrol agents. To be eligible, Old Glory Protectors must have an account at Old Glory Bank and maintain an aggregate monthly direct deposit of at least $2,000.

“At Old Glory Bank, we protect those who protect us,” exclaims Steve Paganucci, Old Glory Bank’s Chief of Staff and former Army Officer. “Many of my Old Glory Bank colleagues and their family members are current and former Protectors, so this one is personal to us,” continues Paganucci.

“Old Glory Bank was created to be the Pro-American Bank that actually delivers important products and service for America. And nothing is more important than taking care of our Protectors,” says co-founder and CEO Mike Ring. “From the beginning, we have been the Bank that supports freedom and now the Proof is in the Protection,” adds Ring.

Old Glory Protect provides a free $100,000 line-of-duty-death benefit paid to the loved ones of Old Glory Protectors who pay the ultimate sacrifice and are killed in the line of duty. Old Glory Protect is underwritten by Everest Reinsurance Company.

Every Protector that has an Old Glory Bank account at oldglorybank.com and sets up direct deposit of at least $2,000 in the aggregate per month is eligible for Old Glory Protect’s free $100,000 line-of-duty death benefit. Details at go.oldglorybank.com/protect. Old Glory Protect begins on August 1, 2024, so Protectors should open an account now. Terms and conditions apply. This benefit is not FDIC-insured.

About Old Glory Bank

Old Glory Bank is an FDIC-insured bank that offers the best mobile banking solutions for consumers and businesses, from sea to shining sea. Old Glory Bank is committed to serving those who feel marginalized for believing in the greatness of America. Old Glory Bank was co-founded by some of the leading voices supporting freedom and love of country, including former Secretary of Housing and Urban Development, Dr. Ben Carson; Radio and Television Host Larry Elder; country music superstar, TV host, entrepreneur, and songwriter, John Rich; and former two-term Governor of Oklahoma, Mary Fallin-Christensen. Visit www.oldglorybank.com. We Stand with You. No Matter Where You Stand. Member FDIC.

About Everest Reinsurance Company

Everest Reinsurance Company is a division of Everest Group, Ltd. (NYSE: EG) (A.M. Best A+), a global leader in risk management, focused on long-term value, disciplined with capital, and caring deeply about their impact on communities. Everest has a 50-year track record of disciplined underwriting, capital and risk management.

More information about Old Glory Bank is available by contacting Ms. Jules Wortman, at jwortman@wortmanworks.com.

Follow us on our social media accounts.
X- @oldglorybank, https://twitter.com/OldGloryBank
Facebook- Old Glory Bank, https://www.facebook.com/OldGloryBank/
Instagram- @oldglorybank, https://www.instagram.com/oldglorybank/
Truth- @oldglorybank, https://truthsocial.com/@OldGloryBank
YouTube- Old Glory Bank, https://www.youtube.com/channel/UC8FDyUtKffGCkpyBPD3ZrJw
Linkedin- Old Glory Bank, https://www.linkedin.com/company/old-glory-bank/

View source version on businesswire.com: https://www.businesswire.com/news/home/20240703374848/en/

Jules Wortman

jwortman@wortmanworks.com.

Source: Old Glory Bank

FAQ

What is Old Glory Bank's new benefit?

Old Glory Bank has introduced a $100,000 line-of-duty death benefit for its Protectors, which includes members of the Armed Forces, Firefighters, Law Enforcement, and Border Patrol Agents.

When does Old Glory Bank's $100,000 death benefit start?

The $100,000 line-of-duty death benefit from Old Glory Bank starts on August 1, 2024.

Who is eligible for Old Glory Bank's $100,000 death benefit?

Members of the Armed Forces, Firefighters, Law Enforcement, and Border Patrol Agents with accounts at Old Glory Bank and monthly direct deposits of at least $2,000 are eligible.

What are the requirements for Old Glory Bank's $100,000 benefit?

To be eligible for Old Glory Bank's $100,000 benefit, you must have an account with the bank and maintain a minimum monthly direct deposit of $2,000.

Is Old Glory Bank's $100,000 death benefit FDIC-insured?

No, the $100,000 line-of-duty death benefit offered by Old Glory Bank is not FDIC-insured.