Cypress Bank & Trust
Carolina Otalvaro, CAMS, has an extensive work experience spanning over 17 years in the banking and financial services industry. Carolina currently holds the position of Senior Vice President BSA/Compliance Officer at Cypress Bank & Trust, a role they have occupied since August 2021.
Prior to their current position, Carolina worked as a Senior Consultant at Capco from November 2017 to August 2021. Carolina also served as a BSA/Compliance Consultant at FIS from November 2016 to November 2017.
Carolina's experience also includes a significant tenure at Florida Bank of Commerce, where they held the position of SVP Compliance BSA Officer from October 2007 to October 2016. Before that, they worked as a Commercial Real Estate Loan Underwriter at Mercantile Bank from October 2006 to October 2007.
Carolina began their career at the Florida Department of Financial Services, where they served as a Bank Examiner/Analyst from February 2004 to October 2006. In this role, they reviewed and analyzed financial statements and reports of financial institutions, recommended improvements to operations and management policies, and reviewed credit relationships to ensure sound underwriting and loan administration practices.
Throughout their career, Carolina has gained comprehensive knowledge and expertise in compliance, BSA (Bank Secrecy Act), and financial regulations. Carolina'sexperience and strategic insights make their a valuable asset in the banking industry.
Carolina Otalvaro obtained a Bachelor of Science (BS) in International Business/Finance from Northeastern University. Carolina also obtained a certification as a Certified Anti-Money Laundering Specialist (CAMLS) from ACAMS in 2017.
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Cypress Bank & Trust
Cypress Bank & Trust is an independent Florida-chartered full-service bank, trust and investment management company regulated by the Florida Office of Financial Regulation. It operates offices in Palm Beach, Naples, Vero Beach, Winter Haven, Jacksonville and Winter Park with additional representation in Sarasota and The Villages. The company has been managing wealth and preserving legacies since its founding in Palm Beach in 1996. It focuses exclusively on providing full-service banking solutions to individuals and businesses, customized investment strategies, serving as a corporate trustee, personal representative or agent during estate settlement, and as an administrative trustee for clients already committed to an outside investment plan. A strict code of ethics is conveyed through all of its interactions with clients, associates, and the communities it serves. Trust and Portfolio Management services offered by Cypress Bank & Trust are not insured by the FDIC; are not deposits, are not guaranteed; and are subject to investment risks, including possible loss of the principal invested.