Report
Palmer Luckey’s Erebor reportedly tops $7 billion in deposits since launch
The Financial Times reports the bank added more than 500 customers and exceeded $3 billion in deposits over the past quarter.
TLDR
The Financial Times reports that Palmer Luckey’s Erebor has more than $7 billion in deposits since launch. It says the bank added more than 500 customers and exceeded $3 billion in deposits over the past quarter. Erebor aims to replace the collapsed Silicon Valley Bank as the lender of choice for early-stage technology businesses.
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