Jerry A. Grundhofer, chairman emeritus of U.S. Bancorp, has been selected to receive American Banker's 2008 Lifetime Achievement Award.

Mr. Grundhofer was U.S. Bancorp's chairman from 2002 until his retirement in December 2006. He is a previous recipient Banker of the Year award winner, having been recognized in 2000 with that honor, and his career spanned more than 40 years in all.

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