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Peter Thiel joins backing new lender Erebor to rival Silicon Valley Bank
- tzury 1y agohttps://archive.is/lDiOt https://archive.is/lDiOt
- ericmay 1y agoFor a local spin: https://www.dispatch.com/story/business/2025/07/02/peter-thiel-palmer-luckey-launching-columbus-ohio-bank-replace-svb-tech-billionaires/84446450007/ https://www.dispatch.com/story/business/2025/07/02/peter-thi... Columbus has always been a national banking and insurance center and a few new banks have been launched here in addition to other fintechs. Given the local presence of folks with skills in this area it seems like a natural home for a new bank that doesn't need proximity to New York/New Jersey or Chicago. Lower cost of living, skilled workforce with banking experience, and a friendly state government. Personally I find this to be pretty exciting, and as a Lord of the Rings fan I really like the name.