BANKING& FINANCE

Silverado Figure to Plead Guilty: W. James Metz, former majority owner of Silverado Banking Savings & Loan in Denver, has agreed to plead guilty to misapplying almost $100,000 in bank funds, a prosecutor said. Metz faces up to five years in prison and a $250,000 fine. Metz was the second former Silverado executive tagged with criminal charges in the last week. Michael Wise, former Silverado chairman and CEO, was named in a three-count indictment Sept. 10, alleging that he diverted part of a $1.45-million loan from Silverado for personal use. He faces arraignment Sept. 30 in U.S. District Court. Silverado failed in December, 1988. Regulators say its bailout will cost taxpayers about $1 billion. One of the thrift’s outside directors was Neil Bush, President Bush’s son.