Firstar Corp. chairman Roger Fitzsimonds has sent a letter to employees outlining an 18-month restructuring that will mean job changes and cuts at the Milwaukee-based bank.

Mr. Fitzsimonds said in an interview on Wednesday that Firstar is in the process of hiring a consulting firm to lead the effort, but he would not reveal which companies he was considering.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.