# Erebor Leadership Roster of [[Erebor]]'s founders, executives and known board. This is an index that links out to People pages, not a set of biographies. > **Private bank.** Erebor files no proxy statement, so its full board is not public. A national bank's directors are reported to the [[OCC]], but that list has not been published. Treat the board section as partial. ## Governance shape The founders who put up the money and political capital are **not** the people who run the bank. [[Palmer Luckey]] is described as the principal shareholder and sits on the board but is not involved day to day. [[Joe Lonsdale]] is a co-founder whose firm [[8VC]] is a major investor, and he likewise has no operating role. Day-to-day management sits with a crypto-compliance and stablecoin team (Rapaport and Hirshman) plus a career bank executive (Hagedorn). That split matters to regulators: a bank charter needs bankers on the org chart, while the network's influence runs through the cap table and the board. ## Founders and executives | Name | Role | Background | Notes | |---|---|---|---| | [[Palmer Luckey]] | Founder, board member, principal shareholder | Founder of Oculus; co-founder of [[Anduril]] | Not in day-to-day operations | | [[Joe Lonsdale]] | Co-founder | Co-founder of [[Palantir]]; founder of [[8VC]] | Not in day-to-day operations | | [[Owen Rapaport]] | CEO (described as co-CEO at launch) | Co-founded Aer Compliance, a digital-asset compliance software company | See the title note below | | [[Jacob Hirshman]] | Chief strategy officer (described as co-CEO at launch) | Former counsel at [[Circle]], the USDC stablecoin issuer | Led the May 2026 Venezuela pitch | | [[Mike Hagedorn]] | President | Former CFO of Valley National Bancorp (named 2019); earlier senior roles at UMB Financial and Wells Fargo | The career banker on the org chart | | Aaron Pelz | Co-founder and CTO | Led engineering at Pinwheel (fintech) | | | Trevor Capozza | Co-founder | | Role not publicly detailed | **Title note (unresolved):** Launch coverage and team databases describe Rapaport and Hirshman as **co-CEOs**. Airwallex's August 25, 2026 profile lists Rapaport as **CEO** and Hirshman as **chief strategy officer**. Neither the bank nor any regulatory filing I could find confirms a change. Watch for a primary source. ## The co-founder with "unique connectivity" Erebor's fundraising memo, obtained by [[Elizabeth Warren]] and described in her April 23, 2026 letter, cited Luckey's "political network" and **a co-founder's "unique" connections to the Comptroller**, [[Jonathan Gould]]. The memo excerpt Warren published does not name that co-founder. Do **not** attribute the line to a specific person without a primary source. Identifying who it refers to is an open question for this dossier. ## The Thiel-network lineage Erebor descends from the same network as [[Anduril]] and [[Palantir]]: - **Founders:** Luckey (Anduril) and Lonsdale (Palantir) are both [[Thiel Network]] protégés. Thiel's [[Founders Fund]] is an investor. See [[Palantir Mafia]]. - **Operators:** Hirshman's time at [[Circle]] and Rapaport's at Aer Compliance give the bank its stablecoin and compliance know-how, the expertise that sets Erebor apart from [[Silicon Valley Bank]], whose role it set out to fill. - **Naming:** the third Tolkien-named company in the network, after [[Palantir]] and [[Anduril]]. ## See Also - [[Erebor Dossier]] · [[Erebor Investors]] · [[Erebor Watch Log]] - [[Anduril Leadership]] — Luckey's other board