Jerry Grundhofer is the former CEO and Chairman of U.S. Bancorp, which has $341 billion in total assets as of 2012. He is also the former vice chairman of Bank of America and was on the board of Lehman Brothers. He currently serves on the board of directors at Citigroup.
Grundhofer paid $4.55 million for this home in 2009. He also has property in Indian Wells, CA and Las Vegas.