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John F Grundhofer

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BUSINESS
January 30, 2000 | EDMUND SANDERS, TIMES STAFF WRITER
Ten years ago, John F. "Jack" Grundhofer was one of California's most prominent bankers, but he packed his bags when it became clear he'd been passed over for the top job at Wells Fargo Bank. The Los Angeles native moved to frosty Minnesota in the middle of winter to take command of a smaller, ailing bank. But ever since, the hyper-competitive Grundhofer has been fighting to get back home. He made an unsuccessful bid for Los Angeles-based First Interstate Bancorp in 1995.
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BUSINESS
January 30, 2000 | EDMUND SANDERS, TIMES STAFF WRITER
Ten years ago, John F. "Jack" Grundhofer was one of California's most prominent bankers, but he packed his bags when it became clear he'd been passed over for the top job at Wells Fargo Bank. The Los Angeles native moved to frosty Minnesota in the middle of winter to take command of a smaller, ailing bank. But ever since, the hyper-competitive Grundhofer has been fighting to get back home. He made an unsuccessful bid for Los Angeles-based First Interstate Bancorp in 1995.
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BUSINESS
November 7, 1995 | CHRIS KRAUL, TIMES STAFF WRITER
By locking horns with Wells Fargo & Co. over rights to First Interstate Bancorp, Minneapolis banker John F. (Jack) Grundhofer will do battle with friends who have suddenly become rivals--the executives he worked closely with during his 12-year career at Wells Fargo. But Grundhofer, chief executive of First Bank System Inc., is used to taking heat. He was briefly kidnaped in 1990 in a bizarre incident shortly after leaving Wells Fargo to take over at the Minneapolis institution.
BUSINESS
November 7, 1995 | CHRIS KRAUL, TIMES STAFF WRITER
By locking horns with Wells Fargo & Co. over rights to First Interstate Bancorp, Minneapolis banker John F. (Jack) Grundhofer will do battle with friends who have suddenly become rivals--the executives he worked closely with during his 12-year career at Wells Fargo. But Grundhofer, chief executive of First Bank System Inc., is used to taking heat. He was briefly kidnaped in 1990 in a bizarre incident shortly after leaving Wells Fargo to take over at the Minneapolis institution.
NEWS
November 20, 1990 | GREGORY CROUCH, TIMES STAFF WRITER
Sometimes bad luck just seems to come in bunches. Consider the streak the Grundhofer family is having. Six weeks ago, Karen Grundhofer of Newport Beach was shot seven times after a deranged gunman randomly opened fire in a Berkeley hotel bar, killing one person and wounding six. She survived and is recovering. But on Monday, she was worrying about her father. John F.
BUSINESS
January 31, 1990 | From Times Wire Services
Wells Fargo Bank's top Southern California executive, John F. Grundhofer, today was named chairman, president and chief executive officer of First Bank System, a $20-billion Minneapolis lending institution beset with trouble in the last two years. Darrell G. Knudson, who had been leading First Bank during the search for a replacement for D. H. Ankeny, will remain vice president and a director, the company said. Knudson had been a candidate for the top job.
BUSINESS
April 26, 1986
AirCal said it will raise more than $29 million through the sale of convertible subordinated debentures to a group of European underwriters. The bonds, which will not be sold to U.S. citizens, residents or corporations, will yield 5.75% and can be traded for common stock at a conversion price of $11.75 a share, which is 10.6% more than AirCal's April 25 closing price of $10.625 a share.
BUSINESS
May 10, 1990 | JAMES BATES
Another senior executive at Columbia Savings & Loan is leaving the troubled Beverly Hills thrift. Daniel C. Rohr, Columbia's executive vice president and chief credit officer, will join First Bank System in Minneapolis on May 21 as executive vice president and manager of the bank's commercial banking group. A former Continental Bank executive, Rohr, 44, will work for First Bank Chairman John F. Grundhofer, formerly Wells Fargo's top Los Angeles executive.
NEWS
November 20, 1990 | GREGORY CROUCH, TIMES STAFF WRITER
Sometimes bad luck just seems to come in bunches. Consider the streak the Grundhofer family is having. Six weeks ago, Karen Grundhofer of Newport Beach was shot seven times after a deranged gunman randomly opened fire in a Berkeley hotel bar, killing one person and wounding six. She survived and is recovering. But on Monday, she was worrying about her father. John F.
NEWS
February 12, 1987
Six Westside residents were among 38 former U.S. Olympians honored at a Los Angeles reception launching the campaign to raise $2.6 million in Southern California for the 1988 Summer and Winter Olympic Games. The honorees included Anita De Frantz of Santa Monica, David Saunders of Pacific Palisades, Candy Costie-Burke and husband Doug Burke of Playa del Rey, Herbert Wildeman of Marina del Rey and Harold Connolly of Venice.
BUSINESS
November 7, 1995
"In our opinion, this decision does not serve the best interests of First Interstate's shareholders. We do not believe that First Interstate's shareholders will settle for something less." --Paul Hazen Chairman and Chief Executive, Wells Fargo & Co. * "(The merger) is about creating long-term growth and profitability by expanding our business through a compelling strategic fit.
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