President Bush's son Neil, accused by regulators of conflict of interest as a former director of a failed Colorado thrift, continues to deny the allegations but has agreed with regulators on some facts in the case.
In a document released yesterday by the Office of Thrift Supervision, Bush and the regulators said they agreed on 110 points ranging from Bush's date of birth to complex loans and business transactions. The younger Bush was a director of Silverado Banking, Savings and Loan Association of Denver, which failed in December 1988 at a cost to taxpayers of $1 billion.
The regulators have accused Bush of conflict of interest in failing to disclose to the Silverado board his business relationships with two borrowers.
The document traces investments made by Silverado borrowers Kenneth M. Good and Bill L. Walters in Bush's company, JNB Exploration Co., which drilled a succession of dry holes in Wyoming and failed to become profitable.
For an investment of only $100, Bush acquired 23.4 percent of the business in 1983. His active partners, James B. Judd and Evans G. Nash Jr., held 23.4 percent and 15.6 percent, respectively, for investments of $100 and $66. The ''silent'' partners were Walters, who invested $300,000 for a 12.5 percent stake, and Good, who made an initial investment of $10,000 for 25 percent. Good also guaranteed lines of credit to JNB from Cherry Creek National Bank, controlled by Walters.