Analysis of information sources in references of the Wikipedia article "Firstar Corporation" in English language version.
But Mr. Grundhofer said he plans few firings because there is no geographical overlap between the banks, meaning no merger-related branch closings are planned... The board of directors of the new company will include 18 members from Star and 14 from Firstar.
Firstar Corp. is the new name proposed for Milwaukee-based First Wisconsin Corp., which owns five banks in Minnesota and is acquiring four others. The company said the name change would better represent its expanded market. It plans to add Firstar as a preface to the names of its Minnesota banks. A special shareholders meeting will be held Dec. 20 to vote on the name change.
Record earnings were reported at First Wisconsin, which has changed its name to Firstar Corp.
Firstar Corp. will combine its operations under the same name by changing its 18 First Wisconsin banks to Firstar banks, executives of the Milwaukee-based banking company said Monday. The change taking place this fall ends 73 years of operations under the First Wisconsin name. Executives said the modification was designed to show that Firstar Corp. is banking company with businesses in six states... The company's operations in Iowa, Minnesota, Illinois, Arizona and Florida already do business under the name Firstar. The name change, another step in a five-year expansion process for the company formerly called First Wisconsin Corp., follows name changes at other banks that have expanded into multistate operations.
Firstar Corp. plans to bring all its operations under the same name by changing its 18 First Wisconsin banks to Firstar banks, executives of the Milwaukee-based banking company said Monday. The change, to end 73 years of operations under the First Wisconsin name, is to take effect this fall. The change means that First Wisconsin National Bank of Milwaukee will be known as Firstar Bank Milwaukee. First Wisconsin National Bank of Madison will be known as Firstar Bank Madison, and so on. In all, bank offices at 92 locations will have name changes. Included in the change will be the First Wisconsin Center in Milwaukee, Wisconsin's tallest building. Though Firstar no longer owns the 42-story office tower, the company's contract gives it control of the name, which will be changed to Firstar Center... The company's operations in Iowa, Minnesota, Illinois, Arizona and Florida already do business under the name Firstar. The name change is another step in a five-year expansion process for Firstar, formerly called First Wisconsin Corp.
Firstar Corp., formerly First Wisconsin, the Milwaukee-based financial institution that has become the Twin Cities area's fourth-largest banking group, said it agreed to acquire Elkhorn Bankshares Corp., a one-bank holding company based in Elkhorn, Wis. Terms of the stock transaction were not disclosed.
Firstar Corp. plans to acquire Federated Bank, a $452 million savings bank with headquarters in Wauwatosa and 15 offices in southeastern Wisconsin, the two firms said Wednesday. Plans call for Federated to be merged into Firstar's lead bank, the $4.1 billion First Wisconsin National Bank of Milwaukee, in the first half of 1992. Terms of the transaction call for Firstar to acquire Federated for $20 per share in cash, Firstar stock or a combination of cash and stock. A price of $20 per share for Federated's 1,655,280 shares outstanding would make the deal worth about $33 million.
Du Page Bancshares Inc., which owns Du Page Bank & Trust Co. of Glen Ellyn, has been purchased by Milwaukee's First Wisconsin Corp. for $18.2 million in stock... First Wisconsin, with assets of $6.5 billion, consists of 27 commercial banks, a trust company and 12 other specialized subsidiaries. It operates in 92 locations in Wisconsin and provides international banking services through offices in London, New York and the Cayman Islands, and representatives in Argentina, Brazil, Colombia and Venezuela.
First Wisconsin Corp. said yesterday it would buy Naper Financial Corp., a small bank holding company in Du Page County, for $43 million in cash. The purchase is the second Illinois acquisition for First Wisconsin since the regional interstate legislation took effect earlier this year. First Wisconsin is the largest bank holding company in Wisconsin with $6.6 billion in assets.
Firstar Corp. has signed a definitive agreement to acquire DSB Corp., a bank holding company in Deerfield, Ill., Firstar said Wednesday... DSB owns the Deerfield State Bank, which has offices in Deerfield and Riverwoods, and boasts about $112 million in assets. Firstar did not disclose a purchase price.
Firstar Corp. has completed its acquisition of First Colonial Bankshares Corp., a Chicago thrift with $1.8 billion in assets. First Colonial will be merged with Firstar Bank Illinois, which has $1 billion in assets. The move will make Firstar Bank Illinois the seventh-largest commercial banking institution in northern Illinois. The acquisition brings the Milwaukee holding company's total assets to $17 billion.
Firstar Corp. Friday announced plans to acquire First Federal Savings Bank of Moline, Ill., in a stock transaction. The acquisition is Firstar's fourth this year... Based on Firstar's Friday closing price of $32 a share, the deal is worth $9.8 million, Firstar said.
Firstar Corp. has completed its acquisition of First Moline Financial Corp., parent of the $80 million First Federal Savings Bank of Moline... First Federal has converted to a nationally chartered commercial bank, and its name has been changed to Firstar Bank Quad Cities.
Wisconsin's largest bank holding company Thursday announced an agreement to buy Shelard Bancshares Inc., owner of Shelard National Bank of St. Louis Park and Shelard National Bank of Eagan. The purchase by First Wisconsin Corp. for $25 million in cash would be the second such acquisition under Minnesota's new interstate banking law. Under the law, which so far applies only to banks in Minnesota and Wisconsin, the acquisition must be approved by the Minnesota Commerce Department. St. Louis Park-based Shelard Bancshares, which operates two banks with five locations, had assets of $168 million at the end of 1986.
They made it official Thursday: First Wisconsin will buy the $200 million-asset Metropolitan Bank Group, which operates six MetroBanks in the Twin Cities. The acquisition is the largest yet in Minnesota by First Wisconsin, which is based in Milwaukee. Wisconsin's largest bank holding company began an aggressive expansion campaign in the Twin Cities area last spring when it announced it would buy Shelard Bancshares, which has banks in St. Louis Park and Eagan.
First Wisconsin Corp., Milwaukee, said it has completed the acquisition of Metropolitan Bank Group Inc. of Bloomington. Terms were not disclosed. Upon completion of other announced acquisitions, First Wisconsin will have nine banks in Minnesota.
First Wisconsin Corp. reached into the Twin Cities area again Monday, announcing it has agreed to buy the $85 million-asset St. Anthony National Bank for an undisclosed amount. The bank, which is owned by St. Anthony Bancorp., has its headquarters in the northeast Minneapolis suburb of St. Anthony and has a branch in Andover in Anoka County.
Continuing an explosive expansion into the Twin Cities market, First Wisconsin said Thursday it had agreed to buy two Washington County banks. First Wisconsin said it will buy Stillwater Holding Co., which owns the $116 million-asset First National Bank of Stillwater and the $40 million-asset First State Bank of Hugo. Detailed terms of the deal, which involves a stock swap for First Wisconsin shares, were not disclosed. First Wisconsin said it expects to complete the acquisition in 1989's first quarter, pending regulatory approval. First National has two Stillwater locations and a Lakeland branch. First State has a branch in Lino Lakes. When the deal is completed, First Wisconsin will have acquired nine metro banks with 26 branches and assets of $857 million, giving it the Twin Cities' fourth-largest banking presence.
Ending a year of inactivity, Milwaukee-based Firstar Corp. said Wednesday it has agreed to buy the $137 million-asset First Western Bank. The St. Louis Park-based bank has branches in Bloomington, Brooklyn Center, Minnetonka and Richfield. The purchase price was not disclosed. Starting in late 1987, Firstar, formerly First Wisconsin, expanded aggressively into the Twin Cities area. But, after agreeing to buy nine banks with 26 locations and assets of about $800 million, Firstar's expansion into Minnesota fell dormant for more than a year.
Firstar Corp. of Milwaukee completed its takeover of the largest Iowa-based bank holding company today, creating what some analysts call a $12 billion super regional bank. The acquisition of Des Moines-based Banks of Iowa in an exchange of stock valued at more than $260 million is the first big deal since a law took effect Jan. 1 allowing the purchase of Iowa banks by banks in surrounding states.
Firstar Corp. said Monday that it had agreed to buy a thrift in Dubuque, Iowa, in a stock deal valued at about $32.7 million. The acquisition of Harvest Financial Corp., the holding company for Harvest Savings Bank, will bring Firstar's Iowa assets to about $3 billion.
Harvest Savings Bank customers should see a new name on the institution within the next few weeks. Firstar Corp., of Milwaukee, Wis., completed its purchase of the thrift's holding company, Harvest Financial Corp., on Friday... the transaction has a total value of $35.9 million.
Shares of Milwaukee-based Firstar Corp. hit another 52-week high Monday on renewed merger speculation after National City Corp. agreed to buy First of America Bank in Kalamazoo, Mich., for $7.1 billion in stock. That merger heightened speculation that Firstar would be among the next to be acquired. Firstar is believed to be vulnerable to takeover because the company's earnings for the past year have been relatively flat.
Firstar Corp. completes its $22 billion acquisition of U.S. Bancorp today, creating the nation's eighth-largest bank and triggering a move by a number of Firstar executives from Milwaukee to Minnesota. The influx of more than a dozen top Firstar personnel is expected to take place over the next few months. The headquarters of the combined bank will be in Minneapolis and the combined firm will keep the U.S. Bancorp name. Firstar CEO Jerry Grundhofer becomes CEO of the new, $160 billion U.S. Bancorp. Grundhofer, who replaces his older brother, Jack, in the role of USB CEO, reportedly already has located property in the Twin Cities and expects to move here by the fall. Jack Grundhofer becomes chairman of the combined organization. He will retire next year... The bank will be based in Minneapolis, retain the U.S. Bancorp name and span 24 states with nearly 2,200 branches. The bank will have $107 billion in deposits and 51,000 employees. (Firstar had 23,000, USB 28,000.) The combined bank plans to cut $266 million in expenses over three years, but few layoffs are planned because there was little geographic overlap between the banks. The New CEO will be former Firstar CEO Jerry Grundhofer. Former USB CEO John Grundhofer will be the chairman and retire in 2002.
Milwaukee-based Firstar Corp. will sell 11 of its branches to Bremer Bank in St. Paul to comply with market-share rules governing its pending purchase of U.S. Bancorp. The branches are all in the Twin Cities and represent $760 million in deposits, about one-third of Firstar's current Minnesota franchise. The combined U.S. Bancorp-Firstar will have 90 branches in the Twin Cities after the divestiture, scheduled to take place in June.
Two Firstar bank branches in Council Bluffs will be sold to West Des Moines, Iowa - based Liberty Bank FSB as part of the merger of Firstar Corp. and U.S. Bancorp. The Tuesday morning announcement was made within a day of Justice Department approval of the $21.2 billion merger that would create the nation's eighth largest bank, which is to carry the U.S. Bancorp name.
Metropolitan Bank of Phoenix has been acquired by Firstar Corp. of Wisconsin, the largest bank-holding company in that state. Terms of the transaction, which involved the purchase of Metro Bancorp Inc., the bank's parent firm, were not disclosed.
First Wisconsin National Bank group is working on plans for a holding company which may have $300,000,000 or more of assets.
Walter Kasten, president First Wisconsin National Bank, was chosen first president of new Wisconsin Bankshares Corp., organized with assets of $271,000,000.
Stockholders of Wisconsin Bankshares Corp. have approved a change in name to First Wisconsin Bankshares Corp.
Roger Fitzsimonds, 48 years old, was named president and chief operating officer of this bank holding company. Mr. Fitzsimonds, who had been president and chief operating officer of First Wisconsin National Bank of Milwaukee, a unit, succeeds Gary B. Rafn. Mr. Rafn, 54, and John H. Hendee Jr., 61-year-old chairman and chief executive officer of the Milwaukee bank, were named to the newly created positions of vice chairmen of the parent.
First Wisconsin Corp. said it reached a definitive pact to buy Glen Ellyn, Ill.-based Du Page Bancshares Inc. for $18.2 million in First Wisconsin stock.
