Kevin P.D. Smith Elected as Chairman of Home Capital Group Inc.

TORONTO, May 24, 2011 /CNW/ - Home Capital Group Inc. (TSX: HCG) is pleased to announce the election of Dr. Kevin P.D. Smith as Chairman of Home Capital at a meeting of the Board of Directors of the Company following the Annual General Meeting held on May 18, 2011.

Dr. Smith has served on the Board since 2007, the last three as Vice Chairman, and has been an invaluable contributor to the Board and the Company. He currently serves as President and CEO of St. Joseph's Health System, and is an Associate Professor in the Department of Medicine, Faculty of Health Sciences at McMaster University. Dr. Smith is a frequent advisor to the Ontario government and is a director and past Chair of the Ontario Hospital Association, an organization representing 154 public hospitals in Ontario.

Dr. Smith has served on various public, private and philanthropic boards, and brings significant governance experience and keen insight to the role. He holds an ICD.D designation and has completed the Harvard Business School Corporate Board Effectiveness Program. The Board of Directors and management of Home Capital look forward to working with Dr. Smith in the years to come.

Home Capital Group Inc. is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering deposit, residential and non-residential mortgage lending, securitization of insured residential first mortgage products, consumer lending, Visa and payment card services. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British Columbia, Nova Scotia and Quebec.

SOURCE Home Capital Group Inc.

For further information:

Gerald M. Soloway, CEO, or
Martin Reid, President
416-360-4663
www.homecapital.com


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