Pioneer Savings Bank of Nevada relishes its independence. So when it formed its holding company four years ago, the directors adopted a provision that forbids its sale without approval from 80% of its shareholders.

Today, Reno-based Pioneer Citizens ranks among Nevada's fastest-growing holding companies, with $803 million of assets. While directors are open to offers, president William E. Martin said, the 80% provision has kept hostile suitors at bay.

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