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BUSINESS
April 18, 1992 | From Times Staff and Wire Reports
Cincinnati Bank Rejects Big Merger: Cincinnati-based Star Banc Corp. has rejected cross-town rival Fifth Third Bancorp's offer to buy it for as much as $1.2 billion. Fifth Third disclosed earlier that it had offered to pay $38 to $40 per share for Star Banc's nearly 30 million shares in a stock swap, but said it was rebuffed. The deal would have created a banking company with almost $16 billion in assets. Fifth Third is the largest bank in Cincinnati; Banc Corp. is second largest.
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BUSINESS
May 13, 1993 | From Times Staff and Wire Reports
Former BankAmerica Executive Moves East: Former BankAmerica Vice Chairman Jerry A. Grundhofer, 48, has been named president and chief executive of Star Banc Corp. of Cincinnati, a $7.5-billion-asset bank holding company for nine banking subsidiaries that operate 195 branches in Ohio, Kentucky and Indiana. Grundhofer resigned as a vice chairman of BankAmerica Corp. in March. He was formerly president and chief executive of the 600-branch Security Pacific National Bank.
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BUSINESS
May 13, 1993 | From Times Staff and Wire Reports
Former BankAmerica Executive Moves East: Former BankAmerica Vice Chairman Jerry A. Grundhofer, 48, has been named president and chief executive of Star Banc Corp. of Cincinnati, a $7.5-billion-asset bank holding company for nine banking subsidiaries that operate 195 branches in Ohio, Kentucky and Indiana. Grundhofer resigned as a vice chairman of BankAmerica Corp. in March. He was formerly president and chief executive of the 600-branch Security Pacific National Bank.
BUSINESS
April 18, 1992 | From Times Staff and Wire Reports
Cincinnati Bank Rejects Big Merger: Cincinnati-based Star Banc Corp. has rejected cross-town rival Fifth Third Bancorp's offer to buy it for as much as $1.2 billion. Fifth Third disclosed earlier that it had offered to pay $38 to $40 per share for Star Banc's nearly 30 million shares in a stock swap, but said it was rebuffed. The deal would have created a banking company with almost $16 billion in assets. Fifth Third is the largest bank in Cincinnati; Banc Corp. is second largest.
ENTERTAINMENT
July 2, 1998 | Reuters
Star Banc Corp. of Cincinnati agreed to acquire Firstar Corp. of Milwaukee in a stock deal valued at about $7.2 billion. The deal would form the nation's 21st-largest bank, with assets of more than $38 billion and 720 branch locations in the Midwest and Arizona, plus trust operations in Florida. The banks estimated the merger will reduce their expenses by $174 million over two years.
BUSINESS
December 11, 1998 | Bloomberg News
Internet stocks may be popular with many investors, but Standard & Poor's Corp. is once again passing them over as it makes changes to its benchmark blue-chip index, the S&P 500. In its latest selections Thursday, S&P chose firms with longer track records than the Net-related companies that have been among this year's top performers. The changes: * Firstar Corp., a bank holding company created by Star Banc Corp.'s purchase of Firstar, will replace Amoco Corp.
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
January 23, 1990 | BRUCE HOROVITZ
When officials from Sanwa Bank telephoned their new advertising agency a few years ago, the garbled phone messages they left behind often left agency executives in stitches. "We kept getting messages telling us to call San Juan Bank," said John Fuller, who worked for the bank's former agency. "Then, there were messages for Sanyo Bank," said Fuller, who now handles ads for the bank from his new ad firm, Sacks/Fuller Advertising. Those botched messages were pure inspiration.
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