BANKING

Former Centrust Chief Fined $2.2 Million: David Paul, the former chairman of Centrust Savings & Loan whose extravagant lifestyle contributed to the Miami thrift’s collapse, has been fined $2.2 million for violating orders to limit his spending. Administrative Law Judge Walter Alprin recommended that Paul pay the civil penalties in a suit brought by the Office of Thrift Supervision. OTS has about four months to make the order final, and Paul has 30 days to challenge the judge’s recommendation. Paul is charged with using the failed thrift to finance his yacht and to buy gold bathroom fixtures and a bulletproof shower door for his mansion.