Country music singer John Rich, political commentator Larry Elder, and former US Housing Secretary Dr. Ben Carson recently launched "Old Glory Bank" in Elmore City, Oklahoma, to "be the full banking solution for folks who still believe in freedom and the greatness of America."

"It's been dismaying to see the political weaponization of the financial system," Rich said.

Customers across the U.S. will be able to access Old Glory's bank's services thanks to "cutting-edge digital technology," according to the company's senior regulatory officer Bennett Brown.

"Old 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," Carson said.

Old Glory will offer no-fee accounts, free overdraft protection, free ATMs, and early direct deposit access. It will also be backed by the Federal Deposit Insurance Corporation.

The company's executive chairman is William Shine, former co-president of Fox News and president of Fox Business News.

"Old Glory Bank states it will be the first chartered bank to openly support America, its flag, freedom, patriotism, the military and first responders," according to a press release.