Palmer Luckey-backed Erebor receives US national banking charter, WSJ reports [Yahoo! Finance Canada]
Palantir Technologies Inc. - Class A (PLTR)
Company Research
Source: Yahoo! Finance Canada
The approval allows the Palmer Luckey-backed entity ?to operate as a bank nationwide, and occurred less than eight months after it applied for a charter with the Office of the Comptroller of the Currency. The OCC did not ?immediately respond to a ?Reuters request for comment. Launched by Anduril co-founder Luckey, Erebor received conditional approval from U.S. banking ?regulators in October. Palantir co-founder Joe Lonsdale is an investor in the bank, while Peter Thiel has also been widely reported to back ?the initiative. Erebor plans to serve technology businesses in artificial ?intelligence, crypto, defense and manufacturing, as well as individuals who work at or invest in them, according to its charter application. It is also aiming to fill the void left by Silicon Valley Bank's collapse in 2023, which was a ?key banking channel for early-stage technology ?firms and venture capitalists deemed ?too risky by traditional banks. Many startups struggled to access capital a
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PLTR
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- 2/2/26 - Beat
PLTR
Sec Filings
- 2/4/26 - Form 4
- 2/4/26 - Form 4
- 2/2/26 - Form 144
- PLTR's page on the SEC website