How Hobbit-Inspired Startup Plans to Replace Silicon Valley Bank

Core Insights - A new bank named Erebor has received preliminary government approval, backed by Palmer Luckey and other founders [1] Company Overview - Erebor is a newly established bank that has gained initial regulatory approval, indicating a step towards operational readiness [1] Founders and Backing - The bank is supported by notable figures, including Palmer Luckey, which may enhance its credibility and attract potential investors [1]