# Erebor reportedly exceeds $7bn in deposits

_Published Tuesday, October 6, 2026 at 10:42 AM EDT · Products · Latest · Tier 2 — Notable_

Palmer Luckey's technology-industry bank Erebor has attracted more than $7bn in deposits since launching in February, the Financial Times reported, citing a source.

The bank added $3B+ in deposits over the past quarter, along with 500+ new customers.

## Sources

- [Techmeme](https://www.techmeme.com/261006/p16#a261006p16)

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Canonical: https://techandbusiness.org/newswire/-gFQRcDNyZAGoJl_w6Cjii
Published: 2026-10-06T14:42:27.799Z
Story chronology: 2026-10-06T11:35:01.000Z
Retrieved: 2026-10-06T16:59:45.052Z
Publisher: Tech & Business (techandbusiness.org)