
RW
910 posts

RW
@Muck4Value_RWN
Poker. Real Estate. Bank investor.







Just in - @ereborbank posted their 1st call report. In 7 weeks since opening, they've already hit $1.1 billion in deposits. unprecedented growth for a de novo (or fintech) For comparison - Grasshopper Bank (also a tech-focused NYC de novo) took 7 years to reach the same number, and only got there via acquisition - Square Financial Services, even with Block's enormous merchant base, sits at $495M after 5 years. - Mercury took 4 years - Chime took 6 At $1 billion this makes them ~1,000th largest bank in America (out of ~4,500). If they want to be a top 100 bank, thats ~$20 billion of deposits. 5% of the way there in 7 weeks. Next up...what do they do with those deposits? Will be watching how loans ramp from here!

Fifteen years ago today (1 May 2011), U.S. Navy SEALs raided a compound in Abbottabad, Pakistan and killed Usama Bin Laden. The raid marked the end of a more than 15-year effort by partners across the Intelligence Community to find Bin Ladin. Learn more: cia.gov/stories/story/…

I can grind micro stakes MTT’s for literally days and not feel burnout I play 20 minutes of cash and I’m so bored I never want to play poker again

























