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 of America
surface form: 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 Savings and Loan self-linksurface differs
surface form: Silverado Banking, Savings and Loan Association
partOf savings and loan crisis of the 1980s
surface form: 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 savings and loan crisis of the 1980s
surface form: 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 Savings and Loan self-linksurface differs
this entity surface form: Silverado Banking, Savings and Loan Association
Silverado Savings and Loan collapse involvesOrganization Silverado Savings and Loan
this entity surface form: Silverado Savings and Loan Association