(RoyalPatriot.com )- Country music singer John Rich, conservative commentator Larry Elder, and former presidential candidate and neurosurgeon Dr. Ben Carson, announced that a new bank was launched to combat the cancel culture of existing banks, according to The Daily Wire.
The new bank, called “Old Glory Bank,” is reportedly implementing a safeguard for customers from censorship. The bank supports freedom-loving Americans who care about freedom of speech and also condemns banks that punish clients for holding views that they do not agree with.
The founders and stakeholders are reportedly accompanied by Oklahoma Governor Mary Fallin. They recently acquired First State Bank of Elmore City, Oklahoma, the state’s first and oldest bank, and renamed it “Old Glory Bank.”
“People are getting their credit cards turned off if they go to the wrong protest or if they make the wrong social media posts,” Rich said on the John Solomon Reports podcast, referring to the Canadian government freezing Freedom Convoy protestors’ bank accounts earlier this year.
He added that the Bank of Brazil was doing something similar to its citizens attending protests that went against the government’s narrative. Rich also said that was approached by those in the banking industry with the idea and he was on board with the alternative.
“We cannot rely on big companies to stand with middle America when it really matters,” Larry Elder said in an interview with The Daily Wire. Elder also explained that the payment they create, Old Glory Pay, does not rely on third-party payment processors to send or receive money, calling it “cancel proof.”
The creation of the patriotic bank comes after PayPal received public backlash for reportedly fining its customers $2,500 for spreading “misinformation.”
He said that processors like PayPal are weaponizing the financial system, adding that a group of patriots began the bank because they just want for Americans to go about their business.
He did not say when the bank would launch but said that people who were interested in opening an account can visit the website and reserve a spot.