Armed with corporate documents won through litigation, two shareholders in Solera National Bank are making fresh allegations about the Lakewood firm’s decision to buy a small fleet of aircraft at the behest of its board chairman, who continues to defend the purchases.

“While the company touts the bank’s focus as ‘supporting a growing and diverse Colorado economy,’ the true intention is to serve the lavish lifestyle of Solera’s executive chairman,” according to an Oct. 1 lawsuit from the local investors, Rob and Lola Salazar.

“The (bank’s) board has permitted Quagliano to run wild with practically limitless, unchecked authority to use corporate resources for his own personal agenda,” they allege.

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