STIFEL FINANCIAL CORP

Stifel Financial Corp. is a financial holding company organized in 1983 and headquartered in St. Louis, Delaware. The company operates through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, a full-service retail and institutional wealth management and investment banking firm, which is a successor to a partnership founded in 1890. Other subsidiaries include Stifel Independent Advisors, LLC, an independent contractor broker-dealer; Keefe, Bruyette & Woods, Inc., a broker-dealer; Stifel Nicolaus Europe Limited, its European subsidiary; Stifel Nicolaus Canada Inc., its Canadian subsidiary; Stifel Bank & Trust and Stifel Bank, which are retail and commercial banks; Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A., its trust companies (collectively "Stifel Trust" and "Stifel Bancorp"); and 1919 Investment Counsel, LLC, an asset management firm. With a 135-year operating history, Stifel Financial Corp. serves private clients, institutional investors, and investment banking clients across the country. Its principal activities include private client services, such as securities transactions and financial planning; institutional equity and fixed income sales, trading, research, and municipal finance; investment banking services, including mergers and acquisitions, public offerings, and private placements; and retail and commercial banking, which encompasses personal and commercial lending programs. The company has grown its business both organically and through acquisitions.