Andrew K. McCain, 46, was on the board of Silver State Bancorp for five months before he resigned on July 25 for unspecified "personal reasons," according to a news release issued by the bank at the time.
A week after Mr. McCain's departure, the Henderson, Nev., company reported a loss of $62.7 million in the second quarter and said its capital -- the bank's cushion to absorb losses -- had eroded significantly. At the same time, Silver State announced the resignations of its chief executive and chairman.
Niel Bush , restoring dignity and the family name.
http://www.allbusiness.com/personal-finance/real-estate-mortgage-loans/282011-1.html
Silverado: Neil Bush and the Savings & Loan Scandal
Among the financial ruins heaped upon the American public by the savings and loan debacle are the remains of a few institutions that have come to symbolize the unfortunate excesses of the 1980s. One of them is the Denver-based thrift
Besides the staggering $1 billion cost to taxpayers, the demise of Silverado was further exploited by the presence of Neil Bush, the president's youngest son. As a member of the board of directors, the 29-year-old Bush gave Silverado first-family connections and social prestige. In the end, the Bush name attracted national headlines and congressional investigations, and, as a result, Silverado became synonymous with the entire S&L fiasco.
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