Business News • MarketWire • Stifel Financial Completes Acquisition of Stone & Youngberg |
Stifel Financial Completes Acquisition of Stone & Youngberg |
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Stifel Financial Completes Acquisition of Stone & Youngberg
ST. LOUIS, MO--(Marketwire - Oct 3, 2011) - Stifel Financial Corp. (NYSE: SF) today announced the completion of the acquisition of Stone & Youngberg LLC ("Stone & Youngberg"), a leading financial services firm specializing in municipal finance and fixed income securities. Through this acquisition, Stifel expands its public finance operations into markets in which it previously did not have a presence, namely California and Arizona. Stone & Youngberg's success is supported by its #1 ranking by number of issues and #2 ranking by par value in California bond underwritings in 2011 year-to-date, according to Thomson Reuters. On a combined basis, the Municipal Finance Group has approximately 180 professionals dedicated to public finance, sales, trading, and underwriting municipal securities.
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