Michael D. Waters, a partner in the firm’s Banking & Financial Services Practice Group in the Birmingham office, presented at the Alabama Bankers Association’s CEO, Executive Management, and Directors’ Conference at the Grand Hotel on August 12, 2016, in Point Clear, Alabama. His presentation, “Subordinated Debt – An Acquisition Funding Alternative,” discussed the potential benefits, process, and typical terms that accompany subordinated debt. The Alabama Bankers Association’s goal is to help members compete effectively in their marketplaces by identifying products and services that are beneficial to their profitability and their customer relationships.