Stifel Financial and The Western and Southern Life Insurance Company have priced the public offering of an aggregate of 1.7 million shares of Stifel common stock at a price of $45 per share.

This represents an increase of 500,000 shares from the previously announced offering size of 1.2 million shares of common stock. Of these shares, 1.3 million shares are being offered by Stifel and 400,000 shares are being offered by The Western and Southern Life Insurance Company (Western and Southern). Stifel will not receive any of the proceeds from the sale of shares of common stock by the selling stockholder in this offering.

This offering is expected to close on September 29, 2008. The company and Western and Southern have granted the underwriters an option, exercisable for 30 days from the closing, to purchase an aggregate of 255,000 additional shares of common stock to cover over-allotments, if any.

Stifel, Nicolaus & Company, Merrill Lynch & Company, and Keefe, Bruyette & Woods are acting as joint book-running managers for the offering. Fox-Pitt Kelton Cochran Caronia Waller is acting as co-manager.