Erebor Bank secures conditional OCC nod post-SVB

Palmer Luckey Bank Gets Green Light - Orange County Business Journal

OC entrepreneur Palmer Luckey has gotten approval to start his new bank, Erebor, which will cater to tech startups and wealthy individuals. The Office of the Comptroller of the Currency, which oversees national bank charters, confirmed the approval of Erebor’s charter last week. It is the first new bank approved by the second Trump administration and will be focused on cryptocurrency. Erebor will reportedly be launched with $635 million in capit…

Erebor Bank secures conditional OCC nod post-SVB

The post Erebor Bank secures conditional OCC nod post-SVB appeared on BitcoinEthereumNews.com. Status: Erebor (Lone Mountain) is not officially open As of February 2026, Erebor Bank (also called Lone Mountain) is not officially open. As reported by Benzinga in October 2025, it holds a conditional national bank charter and remains pre-operational. Cointelegraph reported the initiative is backed by Peter Thiel, Palmer Luckey, and Joe Lonsdale, aim…