A husband and wife who owned a California thrift that failed in 1991 have agreed to pay $8.5 million to the Resolution Trust Corp. and be banned from banking for life.

The Office of Thrift Supervision accused Russell and Rebecca Jedinak of taking low-interest and no-interest loans from Guardian Savings and Loan of Huntington Beach, Calif., and paying for personal items and travel with the thrift's money. Mr. Jedinak was owner, president, and chairman of the $682 million-asset institution; Mrs. Jedinak was senior executive vice president and board secretary.

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