OnDeck Capital, an online small-business lender in New York, has added a former E-Trade Financial executive to its board, as another director plans to leave.

J. Sanford "Sandy" Miller will leave OnDeck's board in May after deciding not to seek reelection later this year, according to a press release. Miller is a general partner at Institutional Venture Partners, a venture-capital firm in Menlo Park, Calif., that specializes in later-stage firms, according to his LinkedIn profile.

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