WASHINGTON - The Office of Thrift Supervision is seeking to permanently bar Irving V. Boberski, president of Avondale Federal Savings Bank, Chicago, from the savings and loan industry.
The OTS is charging Mr. Boberski with "personal dishonesty" and breach of fiduciary duty.
It is also seeking $1.84 million in civil money penalties against Mr. Boberski, and $1.4 million in restitution for the S&L, which is profitable and has $563 million in assets.
The agency contends that Mr. Boberski had the S&L donate a $1.4 million plot of land it owned for a park that would be named "Boberski Park."
It also says that he used $61,650 in S&L funds without board approval to buy a Mercedes-Benz station wagon that was used almost exclusively by his wife.
He also billed the S&L for nearly $20,000 in purchases made at hardware stores near his Lake Forest residence and vacation homes, the agency charges.
