Scott A. Coleman


For 30 years, Scott Coleman has represented banks and bank holding companies in connection with mergers, stock purchase transactions, branch purchase and assumption transactions, capital raising, corporate restructuring, branching, non-bank acquisitions, changes in bank control, and charter conversions.

He has also represented organizers seeking to form bank holding-companies, apply for deposit insurance, and charter new depository institutions. Scott has significant experience in a wide range of regulatory matters, including Reg O, Reg W, Reg Y, interstate banking, and branching, lending limits, Basel III, and regulatory capital guidelines. He also represents bank stock lenders and subordinated debt purchasers.


Representative Matters

  • Represented MidCountry Acquisition Corp in the acquisitions of Pine Country Bank, Little Falls and Lake Community Bank, Long Prairie
  • Represented Frandsen Financial Corporation in the acquisitions of Pine Island Bank, Pine Island, Minnesota and Bank of Zumbrota, Zumbrota, Minnesota
  • Represented Independent Bancshares in the acquisition of State Bank of Wheaton, Wheaton, Minnesota
  • Represented the shareholders of McGregor Banco in the sale of McGregor Banco and Grand Timber Bank, McGregor, Minnesota

Professional Highlights

Recognition & Accomplishments

The Best Lawyers in America, banking and finance law, financial services regulation law, 2010-2024; "Lawyer of the Year," Financial Services Regulation Law (Minneapolis), 2014

Twin Cities Business, "Notable Leader in Banking and Finance," 2023

Speaking Engagements

"Integration Issues in a Bank Acquisition or Merger," Bank Holding Company Association's Fall Seminar, Minneapolis, October 8, 2019

"Insights Seminar," Eide Bailly Bankers Seminar – Mankato, November 2, 2017

"Corporate Governance Issues - How to Work with Your Board of Directors," Representing Community Banks in Minnesota, Minnesota CLE, October 17, 2017


"FDIC Offers Guidance on Capital, Application Process," Northwestern Financial Review, June 1, 2017



Northwestern University School of Law (J.D. 1992)

University of Minnesota (B.A., magna cum laude, 1989)