TORONTO, July 27, 2015 /CNW/ - Home Capital Group Inc. (TSX: HCG) today announced that James C. Baillie has resigned from the Board of Directors of Home Capital and its subsidiary, Home Trust Company, for a variety of personal reasons, effective July 24, 2015. Mr. Baillie advised the Board several months ago that he wished to resign but postponed his resignation until a new director had been selected to replace him. The Company expects to be in a position to make an announcement regarding the appointment of a new director in the third quarter 2015.
"On behalf of the Board, we would like to thank Mr. Baillie for his services as a Director of Home Capital and Home Trust," said Kevin Smith, Chairman. "Jim has contributed greatly to the governance of both organizations and his wisdom will be missed. We wish him well in his retirement."
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 residential and non-residential mortgage lending, securitization of insured residential first mortgage products, consumer lending and credit card services. In addition, Home Trust offers deposits via brokers and financial planners, and through its direct to consumer deposit brand, Oaken Financial. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British Columbia, Nova Scotia, Quebec and Manitoba.
SOURCE Home Capital Group Inc.
For further information: Gerald M. Soloway, CEO, or Martin Reid, President, 416-360-4663, www.homecapital.com