Areas of Practice
  • The University of Alabama School of Law, J.D., 1977; Omicron Delta Kappa; Editor, The Journal of the Legal Profession
  • Oxford University, England, M.A. in Philosophy, Politics and Economics, 1975; Rhodes Scholar
  • Duke University, B.A., 1972, cum laude
Bar Admissions
  • Alabama, 1977
  • District of Columbia, 1980
Michael Waters
One Federal Place, Suite 1100
1819 5th Ave N
Birmingham, AL 35203
205.244.5210 tel
205.244.5410 fax

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Michael Waters is a partner in the firm's Banking & Financial Services Practice Group, and has practiced corporate and securities law, primarily in the financial institutions area, for more than 30 years. Mr. Waters routinely represents banks, bank holding companies, and other financial entities in acquisitions, capital raising transactions, shareholder issues, new bank formations, and board fiduciary duty issues. He has advised both buyers and sellers in approximately 110 bank mergers and acquisitions, ranging from small community banks to the acquisition of a $34-billion holding company. He also advises banks regarding regulatory issues, examination, compliance, and enforcement proceedings.

Since 1994, Mr. Waters has served as an adjunct professor of law at The University of Alabama School of Law, where he taught banking law for 20 years and teaches corporate mergers and acquisitions. He is a frequent speaker at seminars. Mr. Waters has written numerous law review articles on banking and securities, and is the author of Proxy Regulation, published in 1992 by the Practising Law Institute.

Mr. Waters served as legal advisor to Governor Fob James of Alabama from 1979 to 1980. 


  • Recognized in Chambers USA – America's Leading Lawyers for Business in the area of Banking & Finance: Mainly Regulatory (listed annually since 2013)
  • Listed in the 2015 edition of Alabama Super Lawyers in the areas of Banking and Securities & Corporate Finance (listed annually since 2008)
  • Listed in The Best Lawyers in America® 2019 (Copyright 2018 by Woodward/White, Inc., Aiken, SC) in the areas of Banking and Finance Law, Corporate Law, and Financial Services Regulation Law (listed annually since 1995)
  • Named one of Birmingham's "Top Attorneys" 2012 in the area of Banking Law by Birmingham Magazine
  • AV Preeminent® Peer Review Rating in Martindale-Hubbell  
  • Listed in the 2017 edition of Mid-South Super Lawyers in the area of Banking 




  • "Subordinated Debt - An Acquisition Funding Alternative", August 12, 2016
  • "Common Issues Facing Boards of Directors in Today’s Banking Environment", February 18, 2016, Auburn University Bank Directors' College
  • "Bank M&A Update" Seminar, October 15, 2015
  • "Bank M&A Update" Seminar, October 13, 2015
  • "Merger of Equals" Seminar, October 15, 2014
  • Jones Walker to Host "Avoiding Vendor Management Issues" Seminar



  • Alabama Law Foundation (Board of Governors, 2018)
  • Alabama Citizens Constitutional Commission, Governor Bob Riley (Member, 2003)
  • Alabama Law Institute (Member, 1989 to date; Chairman, Task Force on the Revised Alabama Uniform Securities Act, 2004–2005)
  • Alabama State Bar (Chairman, Task Force on Admissions, 2003–2006; Member, Task Force on Bar Examinations, 1997)
  • Alabama State Board of Bar Examiners (Chairman, 1991–1994; Member, 1987–1994)
  • Birmingham Bar Association
  • District of Columbia Bar