https://www.americanbanker.com/news/erebor-bank-hits-1-1-billion-in-deposits-in-seven-weeks
Erebor Bank hits $1.1 billion in deposits in 7 weeks | American Banker
May 6, 2026 - The newly-opened Erebor Bank, founded by a group of Big Tech executives, reached the $1 billion deposit milestone within its first quarter of operations.
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https://www.bankingdive.com/news/tech-focused-erebor-bank-gets-conditional-occ-approval/802895/
Tech-focused Erebor Bank gets conditional OCC approval | Banking Dive
The bank, backed by billionaire investor Peter Thiel and founded by two tech pioneers, will serve companies focused on crypto, AI, defense and manufacturing.
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