Stars Of The South - 2009

Michael E. Nolan

Michael E. Nolan serves as Chairman and President, Fifth District Savings Bank, New Orleans, LA, a federal mutual savings association founded in 1926.

His career in banking began in 1976 when he was elected to Fifth District’s Board of Directors. In 1982 he was elected Vice President and served as Senior Vice President and General Counsel until his election in 1992 as President. In 2002, he was elected Chairman of the Board.

Michael is on the Board of Directors of both American Bankers Association and Louisiana Bankers Association. He serves on the Mutual and Government Affairs Committees for both organizations, and is the Chair of ABA’s Membership Committee. He was most recently a member of America’s Community Bankers’ (now ABA) Board of Directors, and of its Political Action Committee, COMPAC.

In May 2006, Michael testified before the U.S. House of Representatives Subcommittee on Oversight and Investigations concerning the effectiveness of the federal bank regulators. His article on disaster recovery, “Hurricane Katrina: One Bank’s Experience,” was published in the August-September 2006 issue of Bank Accounting & Finance magazine.

He currently serves on the boards of several educational, community and civic organizations, such as the Algiers Economic Development Foundation, Fore!Kids Foundation, the Zurich Golf Classic of New Orleans (producer and former chairman), Our Lady of Holy Cross College (former chairman), Catholic Foundation of New Orleans, and Jesuit High School, New Orleans (former chairman).

He is a native of New Orleans, earned his Juris Doctor degree from Loyola University and was admitted to practice law in Louisiana in 1969. He served his country with the U. S. Army’s First Aviation Brigade in Vietnam in 1970-71.

Michael’s many honors include the Presidential Medal, Our Lady of Holy Cross College, St. Louis IX Medal, Archdiocese of New Orleans, St. Elizabeth’s Guild – Volunteer Activist, and Young Leadership Council’s Role Model Award.

He is the great-great-grandson of Matthew and Ann Norris Nolan, who immigrated to America in 1863 from Tullow, County Carlow, Ireland. The Nolans settled on the west bank of the Mississippi River in New Orleans. Their son John Peter Nolan became the master mechanic for the Southern Pacific Railroad.
Michael is married to Cynthia Finley Nolan. They have three children and six grandchildren.