Lending Club Joins the Millennium Alternative Investment Network™ (MAIN™)

OAK BROOK, Ill. and SAN FRANCISCO, March 31, 2016 /PRNewswire/ -- Millennium Trust Company, a leading provider of technology-enabled asset custody solutions for institutions, advisors, and individuals, and Lending Club (NYSE: LC), the world's largest online lending marketplace, today announced that Lending Club is the latest investment platform to join the Millennium Alternative Investment Network (MAIN).

MAIN is a centralized online service that simplifies the custody of alternative investments for individual investors and advisors, and provides access to an expanding network of online investment platforms offering a range of alternative investment options. As investors seek to diversify their holdings by allocating to alternative investments, many are showing an interest in marketplace loans.

Individuals and advisors can now directly access the Lending Club platform through MAIN and seamlessly set up and manage Millennium Trust custody accounts once they've decided to invest. With Lending Club, investors can quickly and simply build a diverse portfolio of investments in loans that fit their investment criteria, receiving monthly payments of principal and interest as borrowers repay their loans. Advisors can easily set up custody accounts on behalf of their clients at Millennium Trust and can efficiently build and manage portfolios through Lending Club to suit their client's investment objectives. Advisors also enjoy timely, transparent reporting and simple collection of management fees. Standard taxable accounts or tax-advantaged self-directed IRAs are available to all investor classes with no minimums or load fees.

"MAIN gives Lending Club new access to individual investors and financial advisors," said Renaud Laplanche, founder and CEO of Lending Club. "Since launching in 2007, Lending Club has delivered access for retail investors to invest in consumer credit that has delivered net annual returns of 5-8% historically since inception and we look forward to expanding our distribution with this strategic relationship."

Millennium Trust developed MAIN to accomplish three primary goals:

• Provide an efficient, end-to-end solution for advisors and individuals looking to hold alternatives in their IRAs or taxable custody accounts
• Provide investors with a centralized location with educational information about, and access to, a growing mix of alternative assets
• Modernize what historically has been a complicated, paper-based process by enabling investors to open and fund an account, and direct their investments, entirely online

"The addition of Lending Club on MAIN represents an important milestone in our long-standing relationship," said Millennium Trust CEO Gary Anetsberger. "We've been working with Lending Club since the very early days of the marketplace lending industry, and it seems fitting to me that they will be among the first marketplace lenders listed on MAIN. Individual investors and advisors have expressed an interest in learning more about marketplace lending, and we're excited to be able to provide them an easy way to access and educate themselves about this unique asset class."

"The alternatives space is ripe for innovation," added Meg Zwick, Millennium Trust's senior vice president and director of alternative custody services. "MAIN is one of the industry's first online solutions designed to help simplify the historically paper-heavy process of investing in alternative assets. Our technology-driven approach to custody is a perfect match for a company like Lending Club; both of us are using technology to transform the way our industries work and drive efficiencies into outdated, cumbersome processes."

To learn more about MAIN and other platforms currently offered, visit: www.mtrustcompany.com/main

About Millennium Trust Company
Millennium Trust Company provides innovative custody solutions for IRA rollovers, alternative assets, and private funds. With $17.4 billion in assets under custody and more than 432,000 accounts under administration (as of 12/31/2015), Millennium Trust Company is a leader in providing custody services for both alternative and traditional assets. Millennium Trust performs the duties of a directed custodian. As such, it does not provide due diligence on prospective investments, platforms, sponsors or service providers and does not sell investments or provide investment, tax or legal advice. Millennium Trust does not endorse any platform or investment, including platforms and investments which may be reached through MAIN. The information above about Lending Club was provided by Lending Club. The views above regarding investments available through Lending Club represent solely the views of Lending Club. For more information about Millennium Trust Company visit: http://www.mtrustcompany.com

About Lending Club
Lending Club's mission is to transform the banking system to make credit more affordable and investing more rewarding. The company's technology platform enables it to deliver innovative solutions to borrowers and investors. Since launching in 2007, the Lending Club platform has facilitated $16.0 billion in consumer loans and has more than doubled annual loan volume each year. We operate at a lower cost than traditional bank lending programs, so we're able to pass the savings on to borrowers in the form of lower rates and to investors in the form of solid returns. Lending Club is based in San Francisco, California. More information is available at https://www.lendingclub.com.  Currently only residents of the following states may invest in Lending Club notes: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, ME, MD, MI, MN, MO, MS, MT, ND, NE, NH, NJ, NV, NY, OK, OR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, or WY.  All loans made by WebBank, a Utah-chartered Industrial Bank, Member FDIC.  Lending Club Notes are offered by prospectus filed with the SEC. Please consider the risks of investing.

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SOURCE Lending Club

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