Adam Maier Speaks to Subordinated Debt Options in Bank Owner
Adam discussed the uptick in sub debt deals this year, citing that holding companies consider the offering for three reasons: to strengthen their capital position, to grow organically, and to grow strategically through possible acquisitions in their regional markets.
He went on to advise that holding companies and their boards conduct their due diligence prior to considering subordinated debt, and identify the reasons for the move. "Sub debt is a market that any sized bank can play in, but have a good story to tell. Investors want to know that you are poised for success," he said.
As co-chair of the firm’s Banking & Financial Services division, Adam focuses his deep knowledge on the business interests and growth strategies of financial institutions and their owners. He advises financial institutions in a broad range of strategic transactions, including buying and selling banks and branches, de novo charters, forming holding companies, raising capital and reorganizations.