WASHINGTON -- The former chairman and controlling stockholder of the failed Davy Crockett Federal Savings Bank, Crockett, Tex., has been barred from the bank and thrift industries by the Office of Thrift Supervision and has agreed to pay restitution of more than $139,000.

The OTS said it charged John H. Stowe, who did not admit or deny guilt, with violation of regulations, breach of fiduciary duty, and participation in unsafe or unsound practices.

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