Jay Kim

Jay Kim



A partner in the Banking Industry group, Jay focuses his practice on financial institutions, including banks, trust companies, commercial and residential mortgage brokers, specialized lending businesses and health, welfare and retirement plan administrators. Jay works closely with members of the Finance and Restructuring and Corporate practice groups, often combining the expertise of each of these groups to serve as outside general counsel as well as a strategic advisor and counselor to clients and their executive management teams. Jay regularly advises clients on mergers and acquisitions, risk management, capital formation and regulation, bank regulatory strategy and enforcement matters, and product development and diversification. Jay's clients include banks and financial services organizations of all sizes and he assists many with assets in the $1 billion to $10 billion range as they continue to grow and diversify their businesses.

Jay has represented financial institutions for over 25 years, both as a law firm partner and financial services executive. During that time, he served as Executive Vice President, General Counsel and Director of Corporate Development with Alerus Financial and prior to that as General Counsel and Senior Vice President with Marquette Financial Companies where he gained substantial experience and insights into the financial services industry which he continues to draw upon as a legal advisor and counselor. While at Alerus, Jay lead the company’s acquisition efforts and supervised the legal, compliance, audit and risk management functions. As part of the Marquette senior management team, Jay served on bank and trust company boards, was as a key member of the mergers and acquisition team, and supervised the legal and compliance functions.

Jay also advises clients outside the banking industry, primarily in the area of mergers and acquisitions. His clients outside banking have included registered investment advisors, broker/dealers, information technology consulting firms, and a professional sports team.

Education & Admissions

University of Minnesota Law School (J.D., 1988), cum laude
Research Editor, Law Review

Iowa State University (B.S., 1985)


  • Minnesota


Representative Experience

  • Representation on multiple bank acquisitions.
  • Representation on multiple health, welfare and retirement plan administrator acquisitions.
  • Representation on multiple financial services fee income businesses.
  • Representation on multiple FDIC failed bank acquisitions.
  • Representation of multiple clients on FDIC Shared-Loss Asset collection and support.
  • Representation of multiple bank clients on classified asset management strategies.
  • Numerous commercial mortgage brokerage acquisitions implementing a client’s nationwide expansion strategy.
  • Sale of Marquette Bancshares, Inc. and Texas Financial Bancorporation, Inc. to Wells Fargo.
  • Purchase and sale of trust companies, retirement plan administrators and investment advisors.

News & Resources

Select Presentations

  • Bank Counsel Round Table: Looking Ahead - Opportunities and Challenges in 2018 for Banks and Bank Counsel (January 2018)
  • Capitalizing for Growth and Increased Shareholder Value (Fall 2017 Bank Holding Company Association Seminar) 
  • Bank Counsel Round Table: Sales Practices & Incentive Compensation (June 2017)
  • All in the Family: TARP, the Financial Stability Plan and Their Offspring (MN CLE 2009 Banking Law Institute)
  • The Latest on New Trust/Banking Rules, Procedures and Laws (MN CLE 2009 Probate and Trust Law Section Conference)
  • Regulatory Panel – 2009 Eide Bailly Annual Bankers Seminar

Industries & Practices

  • Banking & Financial Institutions
  • Closely Held Businesses
  • Corporate Governance & Compliance
  • Financial Services Regulatory
  • Mergers & Acquisitions

Professional & Civic

Professional Achievements

  • OTCQX U.S. Advisory Council (Past Member)

Community Involvement

  • The Food Group, Board of Directors, 2018 – Present
  • The Nature Conservancy, Minnesota-North Dakota-South Dakota Board of Trustees
  • University of Minnesota Law School Board of Advisors (Board Member and Past Board Chair)
  • Wounded Warriors In Action – Southeastern Minnesota Event Host
  • YMCA of the Twin Cities
    • Past Board Member: South Minneapolis YMCA Community Board Past Board Member: YMCA Youth in Government and YMCA Camp Menogyn Boards


  • Listed in Best Lawyers in America (2008-2012)
  • Named a Minnesota Super Lawyer, 2003-2004
  • AV Peer Review Rated by Martindale Hubbell Legal Directory
Jay Kim