Karen Trostle, of Sterling Acceptance Corp. was elected president of the National Marine Bankers Association.
Also, Chris Renn, of U.S. Bank, is a new director; Peggy Bodenreider, of Maritime Capital Group, was re-elected as a director and assumes the role of vice president; Bill Otto, of Lake Effect Financial Services, and Mike Ryan, of M&T Bank, continue as treasurer and secretary, respectively.
Jim Coburn of Flagstar Bank moves to the immediate past president post.
Trostle, president of her financial service firm based in Annapolis, Md., said her main goals for the organization in 2010 will be to reach out to consumer lending banks not currently engaged in the marine finance business to highlight benefits of boat loans and encourage diversification in their portfolios.
"With dealers and brokers reporting Internet listing activity up 30 to 40 percent in recent months compared to last year, we plan to promote lending for boats by marketing our pertinent facts to community banks, regional players and credit unions," she said in a statement.
Trostel added that the NMBA will work to increase public awareness of the availability of boat loans and join with other lending organizations on legislative initiatives to improve the climate for the marine banking industry.
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The Marine Trades Association of Maryland elected Scott Tinkler, general manager of Port Annapolis Marina, to serve as president.
Tinkler has been with Port Annapolis Marina for 27 years. Starting as general yard worker, he has held the position of vice president and general manager for 10 years. The marina has 250 slips and 16 acres of dry storage, plus a beautiful special events pavilion.
"I look forward to serving with this diverse group and working together to promote Maryland's marine industry and its boating interests," he said in a statement. "Maryland is the best destination for recreational boating and for working in the maritime industry and there is much we can do to promote that fact."
The MTAM is a 350 member non-profit trade organization founded in 1972.