Hired in 1989 to turn around Pioneer Bancorp. of Reno, William E. Martin has delivered.

Last week Zions Bancorp. of Salt Lake City agreed to pay five times book value, or $341 million, for $1 billion-asset Pioneer. If an investor had bought $10,000 of Pioneer stock in 1989, it would be worth $350,000 today.

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.