WASHINGTON -- Ward H. Feitt, an executive of the former Grandview Savings Association, Pittsburgh, has agreed to pay $100,000 in restitution and civil money penalties and to be barred from the thrift and banking industries for life, the Office of Thrift Supervision said.

Mr. Feitt did not admit or deny wrongdoing. In January 1991, the OTS charged Mr. Feitt with breaching his fiduciary duty and engaging in unsafe and unsound practices, and said he "unjustly enriched" himself at Grandview's expense.

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