On January 12, 2011, Governor Mark Dayton appointed Mike Rothman to serve as Commissioner of the Minnesota Department of Commerce.
Under the leadership of Commissioner Rothman, the Commerce Department is responsible for consumer protection, regulation of financial service industries including insurance, state-chartered banks, credit unions, securities, and real estate. The Department licenses franchises, collection agencies, and currency exchanges.
The Commerce Department is also responsible for enforcement of Public Utilities Commission (PUC) rules and orders, regulation of natural gas and electric public utilities, energy conservation standards and information programs, low-income home energy assistance and weatherization, regulation of telephone companies, the administration of Telecommunications Access Minnesota (TAM), petrofund, and unclaimed property programs.
Commissioner Rothman brings a distinguished record of consumer protection to the Department of Commerce and extensive public- and private-sector experience on insurance and financial service-related issues.
Prior to joining the Department, Rothman was an attorney for eight years with the firm of Winthrop & Weinstine, P.A., in Minneapolis, where he was co-chair of the Insurance & Financial Services practice group.
Commissioner Rothman's litigation experience began when he worked on the insurance insolvencies of Mission Insurance Companies and Executive Life—two of the largest cases in U.S. history.
A graduate of the University of Minnesota Law School, Rothman began his career as a law clerk for the state Court of Appeals. In the late '80s and early '90s, Rothman worked for the state Senate, leading efforts to reform the state's regulatory laws.
In addition to his experience in state government and private practice, Rothman has also taught as an adjunct professor at the University of Minnesota Law School on insurance law and regulation.
Download: Commissioner Mike Rothman Photo
Shane Deal serves as Deputy Commissioner of Financial Institutions. In this role, Deal leads the Financial Institution team responsible for state regulatory oversight of state-chartered financial institutions and non-depository entities doing business in Minnesota, including state-chartered banks, thrift companies, credit unions, trust companies, finance companies, mortgage-related and other licensees.
Deal's experience includes nearly 20 years in the community banking sector and most recently served as Senior Vice President and Market President at Bank Midwest in New Ulm, MN and prior to that, Market President of the North American State Bank in Willmar, MN.
Deal is a graduate of Mankato State University and the University of Wisconsin, Prochnow Graduate School of Banking. Deal also served as the Community Bank President of MidCountry Bank in Willmar, MN and Business Banker at Center National Bank in Litchfield, MN.
Mary Jo Wall has been promoted to Assistant Commissioner of the Financial Institutions Division. She has served with the Commerce Department in the Financial Institutions Division for almost 30 years, and has been with the State of Minnesota for 37 years.
Assistant Commissioner Wall has been involved in every aspect of the Financial Institutions Division, ranging from bank and credit union field examinations, writing public policies and strategic planning. In her new role as Assistant Commissioner, Wall will be responsible for the on-site examination and monitoring of the financial condition of state-chartered banks, credit unions, thrift companies, and finance and mortgage companies.
Wall holds a graduate degree in Banking from Georgetown University, a MBA from the University of Minnesota and her undergraduate from St. Scholastica.
Tim Jahnke serves as the Commerce Department’s Director of Administrative Services. Jahnke, who previously served as the Department’s Chief Financial Officer, retains his responsibilities as CFO. He is also responsible for managing the administrative and human resources functions of the Commerce Department, as well as overseeing the Weights and Measures and Petrofund units.
Jahnke has served the financial management division of the Commerce Department since 2005. Prior to joining the Department, Jahnke served as an executive budget officer for Minnesota Management and Budget where he assisted state agencies in preparing operating and capital budget requests for inclusion in the Governor’s budget. He has also served in accounting roles at the Departments of Administration, Transportation, and the Board of Animal Health.
Jahnke is a graduate of Minnesota State University, Mankato where he earned a Bachelor of Science degree in accounting.