Stephanie Newberg, Deputy Commissioner, Texas Banking Department, has been appointed a member of the board of directors of MTRA to fill the unexpired term of Randal James, who announced his retirement at the end of August, 2008. Mr. James was vice president for the last three years. He was elected to the Board in 2003. Mr. James was honored by the board of directors of both MTRA and CSBS at the MTRA annual conference in September 2008 for outstanding services to both associations and for excellent public service. Stephanie Newberg is not a stranger to MTRA. She has been an active participant for a number of years. Stephanie joined the Department of Banking in November 1992 overseeing among other areas the regulation of money service businesses. She is also active on various BSAGAA committees. Stephanie is very excited about joining the board and contributing to the MTRA mission of advancing the efficient and effective regulation of the money transmission industry.