Michael Stodolak Elected to President of the National Marine Lenders Association

2026 NMLA Officers and New Board of Directors 

During its December meeting of the Board of Directors, the National Marine Lenders Association (NMLA) elected Michael Stotolak to serve as its President. Mike, Executive Vice President of Retail Banking at Independent Bank, succeeds Noelle Norvell who will now serve as Immediate Past President and Director.  

“Our focus for the coming year will be on continuing education and member growth,” said NMLA President Mike Stodolak. “We are committed to providing meaningful programs and resources that support our members and strengthen the marine finance 
community.” 

The remaining 2026 slate of officers ratified by the board in December includes Vice President Caroline Mantel (Boat History Report), Secretary Mike Harbaugh (Vantage Recreational Finance), Treasurer Bill Otto (NMLA Director Emeritus), and Assistant Treasurer Don Parkhurst (M&T Bank). 

The 2026 NMLA Board of Directors  
President: Mike Stodolak, Independent Bank 
Immediate Past President: Noelle Norvell, Luxury Finance 
Vice President: Caroline Mantel, Boat History Report 
Secretary: Mike Harbaugh, Vantage Recreational Finance 
Treasurer: Bill Otto, Director Emeritus 
Assistant Treasurer: Don Parkhurst, M&T Bank 

Directors:  
Jim Coburn, The Coburn Consulting Company 
Jackie Forese, Director Emeritus 
Lars Lundberg, Merrick Bank 
Anne McCabe, Medallion Bank 
Jared Zimlin, Elite Financial 

NMLA Legal Counsel James Y. Stewart and Executive Director Robin Cottmeyer support the association as needed.   

The NMLA would like to acknowledge and thank Lauren Key (Shore Premier Finance) and Jeff Backus (Epic Finance) for their time, leadership and creative contributions during their board tenures.  

About NMLA 
Founded in 1979, the National Marine Lenders Association (NMLA) is a 501(c)(6) nonprofit organization committed to promoting and enhancing recreational Marine Lending in the United States. Members enjoy access to industry insights, regulatory updates and exclusive events that foster collaboration and growth in the boating and yachting sectors.   
www.marinelenders.org