The NCUA on Friday issued a prohibition order against formerWesCorp CEO Robert Siravo as part of an agreement between Siravoand the agency to settle the regulator's claims against him arisingfrom the failure of the corporate credit union.

Siravo in the deal also agreed to pay $600,000 to theliquidating agent of WesCorp.

Siravo did not admit liability or fault. However, in the pact,he consented to the prohibition order which bars him fromparticipating in the affairs of any federally insured creditunion.

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