Title | major shareholder |
Notes | Banking brothers John and Jerry Grundhofer--who built their careers in California before leaving to lead their own financial institutions in the Mid-West--said Wednesday they would combine their banks in a $19-billion deal. The sale of John Grundhofer's Minneapolis-based U.S. Bancorp to his younger brother's Milwaukee-based Firstar Corp. will create the nation's eighth-largest bank, with about $160 billion in assets in 24 states. |