Erebor is a nationally chartered bank that offers digital banking services, with its application materials describing traditional banking products alongside virtual-currency-related products and services delivered through a mobile app and website. It is positioned for startups, venture-backed businesses, high-net-worth individuals, and institutional clients in technology, AI, defense, manufacturing, and cryptocurrency-related sectors, rather than mass retail consumers. Its disclosed technology emphasis includes electronic-only delivery, blockchain-based 24/7 settlement, and crypto-related banking capabilities such as digital-asset custody and limited handling of non-asset-backed virtual currencies. Public reporting identifies Palmer Luckey and Joe Lonsdale among the founders, with Palmer Luckey cited as CEO; no other key executives were confirmed in the materials reviewed. The bank launched with $635 million in capital, and reporting on its charter cited investors including Founders Fund, Andreessen Horowitz, Lux Capital, and Peter Thiel. Its main office is in Columbus, Ohio, and a secondary office in New York was described in reporting on the charter filing.