OCC Announces Conditional Approval for Chartering Erebor Bank — 2025-10-15

WASHINGTON—The Office of the Comptroller of the Currency (OCC) announced today that it has conditionally approved the de novo national bank charter application for Erebor Bank, National Association, Columbus, Ohio. The OCC granted preliminary conditional approval to Erebor Bank after thorough review of its application. In granting this charter, the OCC applied the same rigorous review and standards applied to all charter applications. “Erebor is the first de novo bank to receive a preliminary conditional approval since I arrived at the OCC. I am committed to a dynamic and diverse federal banking system, and our decision today is a first but important step in living up to that commitment,” said Comptroller of the Currency Jonathan V. Gould. “Today’s decision is also proof that the OCC under my leadership does not impose blanket barriers to banks that want to engage in digital asset activities.