Lloyd is the Chairman and co-founder of Bay Commercial bank. He is a lawyer and has practiced in the bay area since 1978, specializing in real estate and tax law. His specialty is tax free exchanges and related matters. After leaving the IRS, Lloyd founded Lawyers Asset Management, Inc. acting as a “Qualified Intermediary” for tax free exchanges under §1031(a) of the Internal Revenue Code; in 2006, his company merged with Commercial Capital Bank. He served as tax counsel for several title companies and was the President of Equity Investment Exchange, Inc., a competitor owned by Mercury Title Companies of Colorado. Lloyd is the author of 1031 Exchange Concepts, a treatise on tax deferred investment strategies.