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Regulators penalized two directors of the failed Silverado Banking Savings & Loan Association in Denver, which once listed President Bush`s son Neil as a director. The directors, Richard K. Vandapool and Robert M. Lewis, agreed to an order prohibiting them from working at any federally insured financial institution without prior approval from regulators. The thrift office, in a statement, said examiners had expressed ”grave concerns” about the soundness of Silverado before closing it in December, 1988.
