BANKING & FINANCE - Oct. 17, 1992

Former Silverado Executive Pleads Guilty: James Metz, the former majority owner of Silverado Banking, Savings & Loan Assn., has pleaded guilty to misusing almost $100,000 of the institution’s money. It is the first guilty plea in the federal grand jury investigation of Silverado, which closed in 1988 with a loss of $1 billion. Metz agreed to cooperate fully with federal law enforcement and regulatory agencies in their investigation of Silverado, according to Metz’s plea agreement. The failed Denver thrift, where President Bush’s son, Neil, served as a director, has become one of the symbols of the S&L; scandal that has cost U.S. taxpayers $87 billion in three years.