The Office of Thrift Supervision has charged the former
The administrative charges against Paul D. Clayton were filed Nov. 1.
Mr. Clayton, who was also president of the thrift, Eureka Homestead
The OTS is seeking restitution and to ban him from banking.
The agency said Mr. Clayton's unauthorized trades began in 1987 and
In the years before the discovery, Eureka grew fast; assets climbed from
Trading losses severely depleted Eureka's capital, but the thrift has
Mr. Clayton, who had worked at Eureka since 1980, resigned at the
Before joining Eureka, he had been a bank examiner for the state of