Order No. 2007-022

In The Matter Of:

Katrina Anderson
Austin, Texas

Before The Banking Commissioner of Texas
Austin, Travis County, Texas

Order Prohibiting Further Participation

On this day, the matter of KATRINA ANDERSON of Austin, Texas (Respondent) was submitted to me, Randall S. James, Banking Commissioner of the State of Texas (Commissioner), for consideration and action.

I. Findings

  1. Respondent worked as a teller and vault supervisor at the main office of Community State Bank, Austin, Texas (Bank). The Department is the appropriate state banking agency to bring this enforcement action pursuant to Texas Finance Code, §35.003, and the Commissioner has jurisdiction over Respondent and the subject matter of this proceeding.

  2. Beginning in approximately February 2004 and continuing until approximately August 2005, Respondent took cash from the Bank in the total amount of $7,500 without the consent of the Bank and for Respondent’s personal use.

  3. Respondent admitted in writing to representatives of the Bank that she took the funds referenced in Finding of Fact 2 and made restitution in the amount of $7,500 to the Bank.

II. Conclusions

  1. Respondent violated Texas Finance Code, §35.002(a)(4), by intentionally conducting Bank business in an unsafe and unsound manner by taking cash from the Bank without the authority or approval of the Bank in the total approximate amount of $7,500.

  2. Respondent's actions caused or exposed the Bank to financial loss and reputational damage and resulted in financial gain to Respondent. Further, Respondent’s actions involved personal dishonesty on Respondent's part and demonstrated a wilful disregard for the safety and soundness of the Bank.

  3. Respondent's actions constitute sufficient grounds for the Commissioner to issue this Order, under the authority of Texas Finance Code, §35.003, prohibiting Respondent from further participation in the affairs of a state bank, as defined by Texas Finance Code, §31.002(50) (“state bank”).

III. Order

Based on the foregoing Findings and Conclusions, it is hereby ORDERED, ADJUDGED and DECREED that, pursuant to Texas Finance Code, §35.003 and §35.007, and with respect to a state bank, trust company, or other entity chartered, registered or licensed by the Commissioner under the laws of this state, including an interstate branch, trust office, or representative office in this state of an out-of-state state bank, trust company, or foreign bank, and further including a perpetual care cemetery, prepaid funeral business, money services business, or private child support enforcement agency, KATRINA ANDERSON is prohibited from:

  1. serving as a director, officer, or employee;

  2. directly or indirectly participating in any manner in the conduct of its affairs;

  3. soliciting, procuring, transferring, attempting to transfer, voting, or attempting to vote any proxy, consent, or authorization with respect to any voting rights; or

  4. directly or indirectly voting for a director, or serving or acting as a state bank-affiliated party.

IV. Effective Date

Pursuant to Texas Finance Code, §35.003(c), Respondent may appeal this Order by requesting a hearing before May 17, 2007. If the Respondent does not timely request a hearing, this Order is effective and becomes final and nonappealable on May 17, 2007 in accordance with Texas Finance Code, §35.003(b)(3).

V. Service

This Order Prohibiting Participation in the Affairs of a State Bank is served on KATRINA ANDERSON by mailing it certified mail, return receipt requested, and by first-class mail, to 12805 Margit Drive, Austin, Texas 78729 on April 24, 2007.

Signed on this 23rd day of April, 2007.

/s/ Randall S. James                                
Randall S. James
Banking Commissioner of the State of Texas

Questions regarding this Order should be directed to:

Sarah Shirley
General Counsel
Texas Department of Banking
2601 North Lamar Boulevard, Suite 300
Austin, Texas 78705
Telephone: (512) 475-1327
Facsimile: (512) 475-1313