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Friday, January 17, 2020

Chambers USA 2015 Rankings
O&B achieved top ranking in Bankruptcy / Restructuring and Corporate / Commercial in 2010, 2013 and 2015.  Individual top rankings were also achieved by Richard Olson.

The Community Bankers' Advisor provides information pertaining to legal developments affecting the field of banking.

Community Bankers' Advisor

Phone: 701.839.1740
Fax: 701.838.5315

Lorman Distinguished Faculty Member

Attorney Profile

Richard P. Olson was born in Minot, North Dakota. He engages in general commercial practice regularly representing more than 40 North Dakota banks and other financial institutions in litigation, bankruptcy, transactional, and regulatory matters.


  • 1971 Concordia College (B.A., cum laude)
  • 1974 University of Minnesota (J.D.)

Career Highlights

  • 1974 Admitted to Bar, State of North Dakota
  • 1982 U.S. Claims Court
  • 1984 U.S. Court of Appeals, Eighth Circuit
  • Ward County (President 1977-1978)
  • Northwestern (President 1979-1981)
  • America Bar Association (Member, Sections on Business Law and Economics of Law Practice)
  • State Bar Association of North Dakota (Member, Board of Governors, 1979-1981)
  • Local Bankruptcy Rules Committee (Chairman, 1991-1996)
  • Federal Practice Committee (Chairman, 1992-1996))
  • Eighth Circuit Practices Committee
  • American Bankruptcy Institute
  • Conference on Consumer Finance Law
  • Listed in The Best Lawyers in America (1987 to 2018 editions) in the areas of corporate law, business litigation, and bankruptcy.
  • Selected by peers for inclusion in The Best Lawyers in America in the fields of Banking and Finance Law, Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, Commercial Litigation, Corporate Law, and Litigation - Banking and Finance.
  • Selected Great Plains Super Lawyer since 2007.
  • Defense Research Institute
  • International Association of Defense Counsel
  • Chief Editor Community Banker’s Advisor
    (Bi-monthly legal publication of Independent Bank of North Dakota since 1993)
  • North Dakota State Counsel - Financial Solutions Network (since inception - 1978)
  • Achieved top ranking by Chambers USA in the areas of Bankruptcy / Restructuring and Corporate / Commercial.



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