Erebor at $9.5 billion: the bank that replaced Silvergate in six months

by Joseph Rees

Palmer Luckey and Joe Lonsdale’s nationally chartered bank has $4.6 billion in deposits, $100 million in annualized revenue, and a valuation higher than most publicly traded banks. It opened in February. Here is what that pace means for crypto banking.…

Source: https://crypto.news/erebor-bank-crypto-banking-valuation-silvergate/

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