The National Marine Lenders Association (NMLA) elected new leadership on Dec. 13 during its 43rd Annual Meeting.
Michael Harbaugh, president at Vantage Recreational Finance; John Haymond, senior vice president at Medallion Bank; and Don Parkhurst, senior vice president at M&T Bank were elected to a three-year term on the board of directors through 2026. Noelle Norvell, president at Luxury Financial Group, was elected as the association’s new president.
Harbaugh is a seasoned entrepreneur with a remarkable 20-plus year track record of success across various consumer finance market verticals, the association said. His expertise extends to developing innovative companies that harness technology and create fresh opportunities in mature markets.
Haymond has worked in banking for 30 years. His experience in consumer finance encompasses over two decades of business development, marketing, underwriting and collections work. More than 20 of those years have been devoted to marine lending and promoting the marine industry. He currently works for Medallion Bank as senior vice president of Business Development. Haymond is involved with all of the NMLA committees, served as president for the past four years, and as a board member for the past 12 years.
Parkhurst has 42 years of banking and marine lending experience and is currently senior vice president and marine credit manager at M&T Bank in Keswick, Virginia. Previously he was head of SunTrust Bank’s Marine & RV Finance Division from 1998 to 2019, and he managed the marine division for SunTrust Bank’s predecessor, Crestar Bank, from 1993 to 1998.
The NMLA board of directors for 2024 are:
- Officers
Noelle Norvell – president (Luxury Financial Group), Michael Stodolak – vice president (Independent Bank), Lauren Key – secretary (Shore Premier Finance), Bill Otto – treasurer (Emeritus), Don Parkhurst – assistant treasurer (M&T Bank)
- Directors
Jeff Backus (First Approval Source), Jim Coburn (The Coburn Consulting Company), Michael Harbaugh (Vantage Recreational Finance), John Haymond (Medallion Bank), Caroline Mantel – associate director (Boat History Report) and Jackie Forese (Emeritus)
Robin Cottmeyer is NMLA’s executive director and Jim Stewart of James Y. Stewart is legal counsel for the group.
