April 27, 2009
OCC Enters Into Consent Order with William W. Anderson, Jr.
WASHINGTON — On April 22, 2009, the Office of the Comptroller of the Currency (OCC) has entered into a consent order with William W. Anderson, Jr., a former Vice President and Branch Manager of The First National Bank of Pontotoc, Pontotoc, Mississippi (Bank). The consent order permanently prohibits Mr. Anderson from participating in the affairs of any federally insured depository institution. This case represents the first prohibition order based on a banker’s violation of the Fair Housing Act (FHA) and the Equal Credit Opportunity Act (ECOA).
The Comptroller found that Mr. Anderson, who was employed at the Bank from January 1989 until his employment was terminated in May 2004, discriminated against female applicants for credit, female borrowers and female accountholders by subjecting them to severe and pervasive sexual harassment in connection with real estate-related transactions and other credit transactions.
The Comptroller also found that Mr. Anderson engaged in unsafe or unsound practices in conducting the affairs of the Bank and breached his fiduciary duty to the Bank.
OCC would like to thank the U.S. Department of Justice, Civil Rights Division, Housing and Civil Enforcement Section, for its assistance in this matter.