Peter Thiel Among Tech Billionaires Trying to Fill Void Left by Silicon Valley Bank

Jul 03, 2025

Erebor, a new commercial bank led by Palmer Luckey and supported by Peter Thiel's Founder Fund, has filed for a national bank charter with the OCC. The bank plans to cater to venture capital-backed startups in AI, defense, manufacturing, and cryptocurrencies, similar to the ill-fated Silicon Valley Bank.

This article is for informational purposes only. It is not offered or intended to be used as investment or other advice.

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