The National Marine Bankers Association's 33rd annual conference opens Sunday in Newport, R.I., with a board of directors meeting and a reception in the evening.
The conference, which will run from Sunday through Wednesday at the Newport Marriott Hotel, will feature new speakers and seminars in an effort to teach attendees something new, according to NMBA past president Jim Coburn.
“NMBA is a changing association because, simply put, the times have changed,” Coburn told Soundings Trade Only.
NMBA president Karen Trostle will open the event by delivering a “State of the Banking Industry” report, followed by panelists talking about changing trends in the marine industry, Coburn said.
A senior-level manager who helps set lending policies will hold a seminar to educate the marine industry about what the policies are and how they are set, Coburn said.
Michael Benoit, a partner at Hudson Cook, and Don Parkhurst, the NMBA’s legislative chairman, will provide an in-depth discussion about how the Dodd-Frank Act affects the marine industry, from dealers to manufacturers to borrowers, Coburn said.
“We want him to give us tips on what to do as Dodd-Frank goes down this long, winding path of unfurling itself to us,” Coburn said.
Marine Retailers Association of the Americas president Matt Gruhn will deliver a seminar titled “Creative Ways of Taking Boats to Market.”
Read more about the conference in an upcoming issue of Soundings Trade Only.
— Reagan Haynes