'Anti-woke' bank founded by Kelly Loeffler and GOP strategist goes bust: report (Raw Story)

On Wednesday, the Atlanta Journal-Constitution reported that an "anti-woke" bank founded by a longtime Republican campaign strategist and a former Republican senator from Georgia had gone bust.

Nick Ayers, who previously served as chief of staff to former Vice President Mike Pence and helped advise the failed election-denialist primary challenge by former Georgia Sen. David Perdue against Gov. Brian Kemp, founded the bank, GloriFi, in large part with money from former Georgia Sen. Kelly Loeffler.

"Earlier this week, the Wall Street Journal reported that GloriFi, the 'anti-woke' bank that Ayers co-founded, has laid off most of its employees and is set to shut down," said the report. "The Journal first reported about many GloriFi’s troubles last month, and noted that one of the deep-pocketed investors in the venture was former U.S. Sen. Kelly Loeffler."

GloriFi, which was based in Texas, reportedly ran out of money, as a funding deal they were hoping would keep them solvent through the first quarter failed.