Dealing with the stresses of loan quality, California Bank and Trust chief executive officer Robert G. Sarver lost his hair. Literally.

Mr. Sarver, whose bank comprises the California operations of Salt Lake City's Zions Bancorp., told two of his credit officers that if they could shave 20% off the level of nonperforming loans in the bank's commercial and real estate portfolios, he'd shave his head.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.