Toronto-based CommunityLend is pleased to announce today its new Board of Directors. CommunityLend is committed to good governance and believes that the Board of Directors reflects this commitment. These Directors bring to CommunityLend significant experience in financial services, regulatory environments and effective business operations.

Michael Garrity, CEO of CommunityLend stated that, “The new Board of CommunityLend brings with it a wealth of professional experience necessary to provide strong leadership and sound corporate governance as we prepare to launch an online social lending system for Canada. Their insight and counsel will be a strong asset to our management team as we pursue our strategic goals.”

Members of the Board of Directors
Barry Campbell (Chairman) is the President of Campbell Strategies, a consulting firm providing a broad range of government relations services covering all levels of government. Mr. Campbell has also served as a Member of Parliament in Canada from 1993 to 1997. He served as Parliamentary Secretary to the former Minister of Finance, the Hon. Paul Martin, in which capacity he assisted in the development of the budgetary policy of the Government of Canada, and assisted in tax policy, trade policy and financial services sector policy. Mr. Campbell served for two years as Vice-Chair of the House of Commons Standing Committee on Finance. Prior to his election to Parliament, Mr. Campbell practiced law in Toronto, first as a partner of McCarthy Tétrault, then at Torys, advising major Canadian and foreign clients on acquisitions, international banking matters, competition law and trade law. Mr. Campbell served as a Legal Counselor at the International Monetary Fund in Washington, D.C. and practiced with the Washington law firm of Arnold & Porter, where his practice included representing Canadian interests in major trade disputes and foreign governments in sovereign debt rescheduling. Mr. Campbell has published numerous articles on trade law, competition law, international banking, the debt crisis and international sanctions. Mr. Campbell serves on the Board of Directors of the Toronto International Film Festival Group and the Advisory Board of the Canadian Foundation for AIDS Research.

Colin Evans (Director) is the Founder and Managing Partner of Sandwith Ventures, LLC, a San Francisco based investment firm focusing on angel and Series-A investments in consumer oriented e-commerce and marketplace businesses. Prior to launching Sandwith, Colin was a Co-Founder and Vice President of Sales and Business Development at StubHub.com, a successful online ticket exchange founded in 2000 and sold to eBay in early 2007 for $310 million. Prior to joining StubHub, Colin worked as an Associate at TA Associates, a venture capital firm, at their headquarters in Boston. TA Associates provided late stage venture capital to high growth companies and Colin focused specifically on companies in the consumer products, financial services and business services industries. Prior to TA Associates, Colin worked at Bankers Trust (now part of Deutsche Bank) in the Private Equity division, BT Capital Partners. Colin sits on the Board of Zipidee, Inc. and is an official advisor to seven additional internet companies primarily concentrated in the San Francisco Bay Area.

Jim Jones (Director) is the CEO of GMAC Residential Capital, LLC (ResCap), a diversified real estate finance company that offers a broad array of innovative capital solutions to businesses and consumers worldwide. ResCap is an established market leader in the United States and United Kingdom, with a primary portfolio covering 3.2 million loans valued at over $100 billion. Mr. Jones had previously served as Vice Chairman at Providian Financial, and as President of Direct Banking and Insurance, as well as Head of Consumer Credit, at Bank of America. He also worked in senior leadership positions at Wells Fargo and Citigroup. Mr. Jones serves as a board member for Merchant E-Solutions, and is Chairman of the Board of Advanced Payment Solutions. Previously, he had served as a board member for E-Loan.

Michael Garrity (Director) is CommunityLend’s CEO. Michael was previously the Vice President of Marketing and Sales at epost, a world leader in the electronic document presentment and payment industry, and was responsible for leading the team that built the epost customer network. Before joining epost, Michael was the co-founder of an Ottawa based Internet start-up, a management consultant with a Washington, DC based Systems Integration firm, and was part of the launch team for a successful Ontario labour sponsored investment fund. Michael also served as a Legislative and Special Assistant to a number of Members of Parliament at the House of Commons in Ottawa.

Roger Couldrey (Director) is CommunityLend’s COO and is a long time banking professional. Roger joined the Bank of Montreal in 1971 and had a variety of executive responsibilities including his last position as Vice President of Telebanking and PC Banking. After leaving the bank in 1999, he was Executive Vice President of Operations with epost and was the General Manager of Corporate Services for Orlick Industries Ltd in Hamilton before returning to epost in 2004 as President and CEO. Roger has extensive experience serving on community boards, most noticeably McMaster University, where he is Chair of both the Finance and Audit Committees.

About CommunityLend
CommunityLend is a unique social lending service launching in Canada in mid-2008. CommunityLend will join the social-banking revolution currently underway around the World. Gartner has forecasted that by 2010, social-banking platforms will have captured 10% of the available worldwide market for retail lending and financial planning. All press inquiries can be made via email to Colin Henderson (CTO) at colin@communitylend.com.