Jerry Grundhofer (born 1945) is the former

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

and

Chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

of U.S. Bancorp.

Education

He graduated from

Seattle University Seattle University (SeattleU) is a private Jesuit university in Seattle, Washington. Seattle University is the largest independent university in the Northwestern United States, with over 7,500 students enrolled in undergraduate and graduate prog ...

in 1965.

Career

Jerry was a vice president of

Security Pacific Bank Security Pacific National Bank (SPNB) was a large U.S. bank headquartered in Los Angeles, California. It was acquired by Bank of America in 1992. History On September 1, 1868, Hellman, Temple and Co. opened their first bank branch in Los ...

and Bank of America in the early 1990s. He left Bank of America to join

Star Banc Corporation Star Banc Corporation was a Cincinnati, Ohio-based regional bank holding company that acquired Firstar in 1998 and took the Firstar name; the merged bank acquired U.S. Bancorp in 2001 and took the U.S. Bancorp name. The company can trace its origi ...

in 1993. In 1993, he became the CEO of Star Banc Corporation and held that position until 1998, when it merged with

Firstar Corporation Firstar Corporation was a Milwaukee, Wisconsin-based regional bank holding company that existed from 1853 to 2001. In 2001, Firstar acquired U.S. Bancorp and assumed its name, moving its headquarters to Minneapolis. History Firstar was founde ...

, where he continued as CEO. He became the CEO of U.S. Bancorp when it merged with Firstar in February 2001, and then chairman of the board in 2002, succeeding his brother

John F. Grundhofer John F. Grundhofer (January 1, 1939 – January 24, 2021) was a director of Donaldson Company, Securian Financial Group Inc., and BJ's Restaurant & Brewery. He served as Chairman (1990–1997 and 1999–2002), Chief Executive Officer (1990–2001) ...

. Jerry Grundhofer stepped down as CEO on December 12, 2006, and was replaced by Richard K. Davis who assumed the position of CEO in addition to his role as president. Jerry Grundhofer remained as chairman of the board of directors until the end of 2007, when he was scheduled to retire. He also served as vice chairman of

Bank of America The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank w ...

(BAC) and was on the board of

Lehman Brothers Lehman Brothers Holdings Inc. ( ) was an American global financial services firm founded in 1847. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, a ...

.Salzman, Avi
"Citi Director Resigns Suddenly"
'' Barrons'', June 24, 2011, 5:09 PM EDT. Retrieved 2011-06-26. In March 2009,

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking ...

announced the appointment of Grundhofer to its board of directors. In July 2009, he was appointed chairman of Citibank NA. He also led the board's risk management and finance committee and was a member of its nomination and governance committee. In June 2011, Grundhofer resigned from the board. Also in June 2011, he was named chairman of Santander Holdings.

References

{{DEFAULTSORT:Grundhofer Living people American chief executives of financial services companies Seattle University alumni 1945 births