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Maureen Carollo Receives ABA Distinguished Service Award for Compliance

WASHINGTON —

Maureen Carollo, senior vice president and director of compliance for Great Plains National Bank, today received the 2021 American Bankers Association’s Distinguished Service Award for Compliance. The award, which recognizes leadership, initiative and accomplishment in banking regulatory compliance management, was presented during ABA’s Regulatory Compliance Virtual Conference.

The ABA Compliance Administrative Committee, composed of 13 leading bank executives in the compliance profession, solicits nominations and selects the honoree.

Carollo is the 27th recipient of the ABA Distinguished Service Award for Compliance.

“Maureen is a tireless and passionate advocate and leader within the financial services industry,” said Ginny O’Neill, ABA’s executive vice president of regulatory compliance and policy. “She has extensive knowledge of financial services regulation, and those that know her are grateful for the opportunity to work alongside her and learn from her. This recognition is well deserved.”

“I am fortunate to have a career I love that introduced me to a community of dedicated and collaborative professionals,” Carollo said. “It’s an incredibly meaningful honor to be recognized for my work by my colleagues.”

Carollo has more than 30 years of experience in banking and more than 20 years of experience in bank compliance, including roles at Southwestern Bank (since acquired by First United Bank), NBC Oklahoma, Bank SNB, and now Great Plains National Bank. She has worked in deposit operations, loan administration, internal audit and compliance and BSA/AML management. In her current position as the director of compliance, she manages the compliance function for 21 community bank locations, facilitates federal regulatory exams and external audits and supports internal customers on general lending, deposit and operations compliance issues for all markets.

Additionally, she has dedicated many years of service to the banking industry through roles on the ABA Bank Compliance Magazine’s Editorial Advisory Board, as a contributing subject matter expert for the ABA Banking Journal, and as a board member on the Conference Advisory Board for the ABA Regulatory Compliance Conference. She served as co-chair of the conference in 2017 and 2018.

Her commitment to the industry stretches beyond her work with ABA and is evident in her long-term and sustaining support for the Oklahoma Bankers Association (OBA). Since 2003, Carollo has served the OBA Compliance School in several capacities, including as a member of the OBA School Board of Regents, an instructor, and case study moderator. She was also an instructor for OBA’s Operations School, Basic Banking School, and Consumer Lending School, as well as a past member of the OBA Women in Banking Committee.

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $22.8 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard nearly $19 trillion in deposits and extend $11 trillion in loans.

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