{"id":172050,"date":"2026-02-10T16:33:07","date_gmt":"2026-02-10T16:33:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/172050\/"},"modified":"2026-02-10T16:33:07","modified_gmt":"2026-02-10T16:33:07","slug":"palmer-luckey-bank-gets-green-light","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/172050\/","title":{"rendered":"Palmer Luckey Bank Gets Green Light"},"content":{"rendered":"<p>OC entrepreneur Palmer Luckey has gotten approval to start his new bank, Erebor, which will cater to tech startups and wealthy individuals.<\/p>\n<p>The Office of the Comptroller of the Currency, which oversees national bank charters, confirmed the approval of Erebor\u2019s charter last week.<\/p>\n<p>It is the first new bank approved by the second Trump administration and will be focused on cryptocurrency. Erebor will reportedly be launched with $635 million in capital, and will fill a space left by the collapse of Silicon Valley Bank.<\/p>\n<p>Luckey is the co-founder of defense company Anduril Industries.<\/p>\n<p>Read more in our March 2 print edition.<\/p>\n","protected":false},"excerpt":{"rendered":"OC entrepreneur Palmer Luckey has gotten approval to start his new bank, Erebor, which will cater to tech&hellip;\n","protected":false},"author":2,"featured_media":172051,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[163,165,164],"class_list":["post-172050","post","type-post","status-publish","format-standard","has-post-thumbnail","category-anaheim","tag-anaheim","tag-anaheim-headlines","tag-anaheim-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/172050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=172050"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/172050\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/172051"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=172050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=172050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=172050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}