Crypto Bank Erebor Approved for Conditional Federal Bank Charter by OCC

Policy, Office of the Comptroller of the Currency, News Erebor can operate as a national bank in the U.S., according to a charter approval from the Office of the Comptroller of the Currency. 

The U.S. Office of the Comptroller of the Currency has granted conditional national bank status to Erebor Bank, a new tech-oriented bank seeking to rise into the gap left by the collapse of several such lenders in 2023, including Silicon Valley Bank.

OCC chief Jonathan Gould said the Wednesday approval …

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