Silverado Savings and Loan

E186704

Silverado Savings and Loan was a U.S. savings and loan institution that became notorious for its failure and role in the late-1980s savings and loan crisis, drawing additional attention due to the involvement of Neil Bush on its board.

All labels observed (3)

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf financial institution ⓘ
savings and loan association ⓘ
associatedWith energy sector lending in the 1980s ⓘ
real estate development loans ⓘ
boardMember Neil Bush ⓘ
other local Denver business leaders ⓘ
ceasedOperation 1988 ⓘ
closedBy federal regulators ⓘ
controversy conflict-of-interest allegations involving Neil Bush ⓘ
country United States ⓘ
era Reagan administration era financial deregulation ⓘ
estimatedCostToFSLIC approximately 1 billion U.S. dollars ⓘ
estimatedCostToTaxpayers over 1 billion U.S. dollars ⓘ
failureDate 1988 ⓘ
governedBy U.S. thrift regulations ⓘ
hadProblem concentration of loans to a small group of borrowers ⓘ
insufficient capital to cover loan losses ⓘ
headquartersLocation Denver, Colorado ⓘ
historicalSignificance one of the most prominent S&L failures of the 1980s ⓘ
impact contributed to public outrage over the savings and loan crisis ⓘ
used as an example of regulatory failure in the S&L crisis ⓘ
industry banking ⓘ
thrift banking ⓘ
insurer Federal Savings and Loan Insurance Corporation ⓘ
investigatedBy Office of Thrift Supervision ⓘ
federal banking regulators ⓘ
legalOutcomeForNeilBush found to have engaged in conflicts of interest by regulators ⓘ
not criminally charged in connection with the failure ⓘ
locatedIn Denver, Colorado ⓘ
notableFor controversy involving board member Neil Bush ⓘ
failure during the savings and loan crisis ⓘ
large losses to the Federal Savings and Loan Insurance Corporation ⓘ
operatedAs federally insured savings and loan association ⓘ
parentCompany Silverado Banking, Savings and Loan Association ⓘ
partOf United States savings and loan crisis ⓘ
publicPerception symbol of excesses of the savings and loan industry in the 1980s ⓘ
reasonForClosure insolvency ⓘ
reasonForInsolvency high-risk real estate lending ⓘ
insider and related-party transactions ⓘ
poor underwriting standards ⓘ
speculative commercial real estate investments ⓘ
regulator Federal Home Loan Bank Board ⓘ
relatedEvent United States savings and loan crisis of the 1980s and early 1990s ⓘ
state Colorado ⓘ
successor assets and liabilities resolved by federal receivership ⓘ
timePeriod late 1980s ⓘ
typeOfFailure bank failure ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Neil Bush → boardMemberOf → Silverado Savings and Loan ⓘ
Silverado Savings and Loan → parentCompany → Silverado Banking, Savings and Loan Association ⓘ
linked to: Silverado Savings and Loan
Silverado Savings and Loan collapse → involvesOrganization → Silverado Savings and Loan Association ⓘ
linked to: Silverado Savings and Loan