8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant To Section 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 11, 2009

STIFEL FINANCIAL CORP.

(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation) 1-9305
(Commission File Number) 43-1273600
(IRS Employer
Identification No.)

One Financial Plaza

501 North Broadway

St. Louis, Missouri 63102-2102

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code(314) 342-2000

                                   N/A                                  

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01     Regulation FD Disclosure.

On May 11, 2009, Stifel Financial Corp. issued a press release regarding the previously announced agreement of Stifel, Nicolaus & Company, Incorporated (“Stifel Nicolaus”) to acquire certain UBS Wealth Management Americas branches from UBS Financial Services Inc. (“UBS”). A copy of this press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

The information in this Item 7.01 and the exhibit attached hereto will not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section, nor will such information or exhibit be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as may be expressly set forth by specific reference in such filing.

Item 8.01     Other Events.

Stifel Financial Corp. announced today that it anticipates its principal operating subsidiary, Stifel Nicolaus (collectively “Stifel”), will acquire 55 branches from UBS pursuant to its previously announced agreement to acquire certain UBS Wealth Management Americas branches. The 55 branch offices are located in 24 states throughout the country. In connection with this transaction, approximately 320 of the 340UBS Financial Advisors based at these locations have signed written commitments to join Stifel Nicolaus.

Stifel issued a press release today regarding foregoing, which press release has been furnished pursuant to Item 7.01 above.

Item 9.01     Exhibits.

(d) Exhibits.

99.1 Press Release issued on May 11, 2009.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	STIFEL FINANCIAL CORP.
Date: May 11, 2009	By:	/s/ Ronald J. Kruszewski
		Name: Ronald J. Kruszewski
		Title: President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number	Description of Exhibit
99.1	Press Release issued on May 11, 2009.

EX-99.1

Exhibit 99.1

STIFEL FINANCIAL CORP. ANNOUNCES COMPLETION OF INITIAL PHASE UNDER THE ACQUISITION AGREEMENT WITH UBS FINANCIAL SERVICES INC.

ST. LOUIS, MO—May 11, 2009. Stifel Financial Corp. (NYSE:SF) (“Stifel”) announced today that it anticipates its principal operating subsidiary, Stifel, Nicolaus & Company, Incorporated (“Stifel Nicolaus”), will acquire 55 branches from UBS Financial Services Inc. (“UBS”) pursuant to its previously announced agreement to acquire certain UBS Wealth Management Americas branches.

The 55 branch offices that Stifel Nicolaus expects to acquire are located in 24 states throughout the country. These branch offices have approximately $15 billion in assets under management, including $213 million in Reg U and Reg T loans and $1.8 billion in money market and FDIC insured balances. In 2008, these branches generated estimated total revenue of approximately $120million, including approximately $102 million in compensable Financial Advisor revenue. In connection with this transaction, approximately 320 of the 340 UBS Financial Advisors based at these locations have signed written commitments to join Stifel Nicolaus, representing approximately 97% of the 2008 compensable Financial Advisor revenue within these 55 branches.

Stifel Chairman and Chief Executive Officer, Ronald J. Kruszewski, commented, “The response to the Stifel opportunity has been outstanding and validates Stifel’s and UBS’s rationale for entering into this transaction. We look forward to welcoming the UBS advisors from these branches to the Stifel family.”

As previously disclosed, the acquisition is expected to be accretive to Stifel’s earnings in the first year and is expected to close in two or more closings to be completed during the third quarter of 2009.

The agreement contains certain customary representations, warranties and covenants on the part of Stifel Nicolaus and UBS. The consummation of the transaction is subject to a number of customary closing conditions and the approval of all required governmental and other regulatory entities.

About Stifel Financial

Stifel operates 237 offices in 35 states and the District of Columbia through its principal subsidiary, Stifel Nicolaus, and 3 European offices through Stifel Nicolaus Limited. Stifel Nicolaus provides securities brokerage, investment banking, trading, investment advisory, commercial and retail banking and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank & Trust offers a full range of consumer and commercial lending solutions. To learn more about Stifel, please visit the company's web site at www.stifel.com.

Forward-Looking Statements

This press release contains certain statements that may be deemed to be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements in this press release not dealing with historical results are forward-looking and are based on various assumptions. The forward-looking statements in this press release are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among other things, the following possibilities: the ability to successfully integrate the acquired companies or to complete the acquisition of the branch offices and financial advisors as part of the our transaction with UBS; a material adverse change in the financial condition; the risk of borrower, depositor and other customer attrition; a change in general business and economic conditions; changes in the interest rate environment, deposit flows, loan demand, real estate values, and competition; changes in accounting principles, policies or guidelines; changes in legislation and regulation; other economic, competitive, governmental, regulatory, geopolitical, and technological factors affecting the companies’ operations, pricing, and services; and other risk factors referred to from time to time in filings made by Stifel with the Securities and Exchange Commission. Forward-looking statements speak only as to the date they are made. Stifel does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. Stifel disclaims any intent or obligation to update these forward-looking statements.

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For further information, contact:  James M. Zemlyak, Chief Financial Officer, (314) 342-2228.