Erebor adds Michael Mosier and Anré Williams, ex-American Express, to its board
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- Sources
- 2
- Claims verified
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What happened
Erebor, a US bank founded by Palmer Luckey, added two members to its board, according to coverage published on 10 and 11 August 2026 alongside reports of its funding talks. Michael Mosier was described as a former US official, and Anré Williams as a former American Express executive. PYMNTS and Retail Banker International, via Yahoo Finance, gave no further detail on either person, and neither article stated when they joined the board. The news was first reported on 10 August 2026; no appointment date was given.
The additions appeared in the same coverage as the Financial Times report that Erebor was in talks to raise about $1.5 billion at an $8 billion valuation before the new money. PYMNTS said the bank became the first bank chartered under the second Trump administration in February, that deposits reached $4.6 billion at the end of July and that it had passed $100 million in annualized recurring revenue. Retail Banker International gave the same deposit and revenue figures, attributed to a source cited by the FT. The sources included no company statement.
Key points
- Michael Mosier, described as a former US official, joined Erebor's board.12
- Anré Williams, described as a former American Express executive, joined the board.12
- The sources do not give an appointment date; 10 August 2026 is the first report.12
- Reported alongside funding talks of about $1.5 billion at an $8 billion valuation before new money.12
- Deposits reached $4.6 billion at the end of July, and annualized recurring revenue passed $100 million.12
Why it matters
The sources describe one director with US government experience and one with an American Express background. They give no detail on roles, committee seats or tenure, so what each adds is limited to those backgrounds.
The appointments surfaced in the same coverage as the funding talks, at a bank with reported deposits of $4.6 billion at end-July. The sources do not link the appointments to the round.
Fact-check
- Erebor was founded by Palmer Luckey.Confirmed by [1] PYMNTS and [2] Retail Banker International via Yahoo Finance.Verified
- Michael Mosier, a former US official, was added to Erebor's board.Confirmed by [1] PYMNTS and [2] Retail Banker International via Yahoo Finance, which describe him as a former US official; neither gives more detail.Verified
- Anré Williams, a former American Express executive, was added to the board.Confirmed by [1] PYMNTS and [2] Retail Banker International via Yahoo Finance.Verified
- The news was first reported on 10 August 2026; the appointment date is not stated.[1] PYMNTS is dated 10 August 2026 and [2] Retail Banker International 11 August 2026; neither gives an appointment date.Verified
- Erebor was in talks to raise about $1.5 billion at an $8 billion valuation before new money.Confirmed by [1] PYMNTS ($8 billion pre-money) and [2] Retail Banker International ("an $8bn valuation before the fresh money is included"), both citing the Financial Times.Verified
- Erebor became the first bank chartered under the second Trump administration, in February.Confirmed by [1] PYMNTS; neither source states the year, so none is given.Verified
- Deposits reached $4.6 billion at the end of July and annualized recurring revenue passed $100 million.Both [1] PYMNTS and [2] Retail Banker International state both figures, each attributed to a person familiar with them.Verified
Sources
- [1]PYMNTS (opens in a new tab)Startup Bank Erebor Eyes Valuation of $8 Billionformer U.S. official Michael Mosier and former American Express executive Anré Williams joining its board
- [2]Retail Banker International via Yahoo Finance (opens in a new tab)US bank Erebor nears $1.5bn funding round at $8bn valuation - reportits board added former US official Michael Mosier and former American Express executive Anré Williams
