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E-Loan  (Stock symbol: EELN ) Acquired by Popular (2005 $ 300,000,000)

9600 W. Bryn Mawr
Rosemont, IL 60018
Website Company Summary Management Team

CEO: Mark Lefanowicz (1/04)
President/COO/Operations: Sedrick Tydus (07/31/2001)
General Management: Wendy Chan (1998)
Finance: Darren Nelson (03/31/2006)
General Counsel/Legal: Scott McKinlay
Not listed on the website: (May no longer be at the company) Harold Bonnikson*

Outside board: (May no longer be on the board) James G Jones (Providian Financial) Robert C Kagle (Benchmark) Claus Lund (BA Home Morgages);  Wade Randlett (Dash Technology);  Dan Springer (Responsys CEO)

Business description: E-LOAN is a nationwide financial services company that is dedicated to providing consumers with a simple, easy and open way to obtain high yield savings accounts and CDs. Our web site also provides access to several preferred, nationally recognized lending partners that may be able to assist you in obtaining a loan that meets your financial needs. Since our 1997 launch, E-LOAN has led the charge to protect consumers' financial privacy. We've lobbied Congress; we've helped change laws for the better. We've also assisted tens of thousands in securing the loans they need. From its inception, E-LOAN has originated over $32 billion in consumer loans. In 2006 E-LOAN successfully launched Online Savings & CD accounts. E-LOAN is a wholly-owned subsidiary of Banco Popular North America, a New York State-chartered bank, which in turn is a wholly-owned subsidiary of Popular, Inc., a full service financial services provider with operations in Puerto Rico, the United States, the Caribbean and Latin America. The E-LOAN deposit products are insured with the FDIC through Banco Popular North America.
Partners include: BankrateCharles SchwabCredit.comE*Trade FinancialeBayEsuranceLycosProdigyYahoo!Yahoo!Zip2;;  Financial.web;  FirstUSA;  HomeWeb;  Kelley Blue Book;;  NewHome Source;  Re/Max;  TeleBank

Rounds: 1
Capital raised: 25.0M
Ownership: Acquired by Popular (2005 $ 300,000,000)
Stock Symbol: EELN
Corporate investors: Yahoo!Charles Schwab

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Record updated: Jan 2011
Sector: Internet
Year Founded: 1996
Headcount: 501-600 as of Nov 2007
Rounds: 1
Capital Raised: 25.0M
Ownership: Acquired by Popular (2005 $ 300,000,000)
Stock Symbol: EELN