Jerry A Grundhofer

Jerry Grundhofer most recently served as Chairman of the Board of Directors of Citibank, N.A., as well as a member of the Board of Directors of Citigroup, New York, New York. He is Chairman Emeritus of U.S. Bancorp, retired as Chairman of the Board of U.S. Bancorp in December 2007, and served as Chairman of the organization since December 2002. He also served as President and Chief Executive Officer of U.S. Bancorp from the time of the merger of Firstar Corporation and U.S. Bancorp in February 2001 until October 2004, and continued as Chief Executive Officer until December 2006. Grundhofer's stewardship at U.S. Bancorp laid the foundation for the bank to weather difficult financial conditions. From 1993 until the merger, he served as Chairman, President and Chief Executive Officer of U.S. Bancorp predecessors Firstar Corporation and Star Banc Corporation. Prior to joining Star Banc in 1993, Grundhofer served as Vice Chairman of the Board for BankAmerica Corporation, headquartered in San Francisco, and was a member of the Board of Directors for Bank of America, NT&SA and BankAmerica Corporation. In 1992, prior to the merger between BankAmerica and Security Pacific Corporations, Grundhofer was President and Chief Executive Officer of Security Pacific National Bank.