WASHINGTON -- The former chairman of a failed New York thrift has been banned from the banking industry, the Office of Thrift Supervision said Monday.

Warren H. Young, once chairman of Yorkville Federal Savings and Loan Association, Bronx, N.Y., consented to an OTS order to leave the banking business and agreed to pay back $25,000 in losses to the institution, the OTS said. The agency also levied a $7,500 civil money penalty.

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