Kevin Costley

Senior Counsel
Tel 612.371.3547
Fax 612.371.3207

Since the early 1980s, Kevin Costley has represented financial institutions, principally in the areas of mergers and acquisitions, reorganizations, and regulatory developments. Most of his clients are independent community banks located in the upper Midwest. He frequently lectures at banking-association meetings on topics involving community banks, and has been recognized locally by Super Lawyers and nationally by The Best Lawyers in America.

Representative Matters

  • Represented First Premier Bank in successfully challenging the legality of regulations adopted by the Federal Reserve to implement the Credit Card Act. This allowed First Premier to continue in the credit card business and continue to be one of the largest private employers in the state of South Dakota.
  • Represented Private Bank, Minnesota, in its merger with Alerus Financial.
  • Represented Fergus Falls Bancshares Inc. in its sale of its subsidiary bank Security State Bank to Independent Bancshares Inc.
  • Represented Central Bank, Minnesota in connection with its acquisition of the Bank of Naples, Florida.
  • Represented and continues to represent Stearns Financial Services Inc. in reviewing and vetting numerous acquisition and expansion activities and corporate reorganization matters.
  • Represents Seminole Tribe of Florida in connection with its attempt to acquire Mackinac Savings Bank and thereby enable the Tribe to provide financial products and services to its tribal members throughout Florida.

Awards and Recognitions

The Best Lawyers in America, banking and finance law, financial services regulation law, and mergers and acquisitions law, 1995-2021; "Lawyer of the Year," Banking and Finance (Minneapolis), Financial Services Regulation (Minneapolis), 2013

Chambers USA, Corporate/M&A, 2013

Minnesota Super Lawyers, 1997-1998, 2000-2001, 2005-2008, 2010

North Star Lawyer, Minnesota State Bar Association, 2014-2016

Community Activities

Interest for Others, Board of Directors

North American Native Bankers Association, former General Counsel

University of Minnesota Law School (J.D. 1975), Minnesota Law Review, Editor, Order of the Coif

University of California, Los Angeles (B.A., summa cum laude, 1971)