Old Glory Bank Announces New Board Members

Ort and Sonnenshein to join OGB Financial Company board upon Nasdaq listing

Published on Feb. 23, 2026

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Old Glory Bank announced that it plans to have senior finance executives Peter Ort and Michael Sonnenshein join as Independent Directors of OGB Financial Company, its bank holding company that will be listed on Nasdaq, subject to receiving Federal Reserve approval. Ort and Sonnenshein bring deep experience in banking, venture capital, crypto, and digital asset investment products that will aid Old Glory Bank in integrating its innovative crypto product suite into its digital banking offerings.

Why it matters

The additions of Ort and Sonnenshein to the OGB Financial Company board signal Old Glory Bank's commitment to fully integrating crypto capabilities into its legacy banking services. Their expertise in bridging traditional finance and decentralized finance will be crucial as Old Glory Bank aims to become the first bank to seamlessly connect daily banking with the crypto ecosystem.

The details

Peter Ort, Co-Chairman and Principal Executive Officer of DAAQ and General Partner at Cambium Capital, and Michael Sonnenshein, former CEO and Board Member of Grayscale, have agreed to join the OGB Financial Company board upon the closing of the business combination between Old Glory Bank and Digital Asset Acquisition Corp. They will help oversee the integration of Old Glory Bank's proprietary crypto products into its digital banking platform.

  • On January 13, 2026, Old Glory Bank announced its business combination agreement with Digital Asset Acquisition Corp.
  • The Federal Reserve application for the new board members has already been submitted.

The players

Peter Ort

Co‑Chairman and Principal Executive Officer of DAAQ and General Partner at Cambium Capital, bringing deep experience in banking, venture capital, and crypto.

Michael Sonnenshein

Former CEO and Board Member of Grayscale, where he led the company through rapid growth and helped bring institutional legitimacy to Bitcoin and digital asset investment products.

Old Glory Bank

The premier full-service FDIC-insured bank serving both the Freedom Economy and DeFi Economy, offering the best mobile banking solutions for consumers and businesses.

OGB Financial Company

The bank holding company of Old Glory Bank that will be listed on Nasdaq following the business combination with Digital Asset Acquisition Corp.

Digital Asset Acquisition Corp (DAAQ)

The Nasdaq-listed special purpose acquisition company that is merging with Old Glory Bank to create OGB Financial Company.

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What they’re saying

“Old Glory Bank continues to lead the banking sector with its pace of product innovation across online banking and crypto, and I'm delighted to be joining the Board of OGB Financial Company upon the closing of our Business Combination.”

— Peter Ort, Co‑Chairman and Principal Executive Officer of DAAQ and General Partner at Cambium Capital (stocktitan.net)

“American consumers deserve the opportunity to have access to trusted, FDIC-insured banking services, where they can freely transact and use their crypto assets for loans and easy exchange for fiat deposits. The innovations coming out of Old Glory Bank are much-needed and long overdue.”

— Michael Sonnenshein, Former CEO and Board Member of Grayscale (stocktitan.net)

“Michael Sonnenshein has been one of the most impactful leaders in bringing digital assets into the mainstream. He has consistently respected the dev community and the underlying technology. Choosing him to be a director at OGB Financial Company following the closing of the Business Combination with DAAQ signals that Old Glory Bank is serious about becoming the first bank to fully integrate crypto with a legacy bank charter.”

— Kristin Smith, President of Solana Policy Institute and former CEO of Blockchain Association (stocktitan.net)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

Old Glory Bank's move to bring on seasoned finance and crypto experts like Ort and Sonnenshein to its board underscores its ambition to be the first bank to seamlessly integrate traditional banking and decentralized finance, providing consumers with trusted, FDIC-insured services to transact with their crypto assets.