Stifel Financial Corp – ‘8-K’ for 12/31/97

As of:  Tuesday, 1/6/98   ·   For:  12/31/97   ·   Accession #:  720672-98-2   ·   File #:  1-09305

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Form 8-K; Dated December 31,1997                       3     11K 
 2: EX-99       Exhibit 99 Press Release                               1      7K 

8-K   —   Form 8-K; Dated December 31,1997
Document Table of Contents

8-K
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SECURITIES AND EXCHANGE COMMISSION                
WASHINGTON, D.C. 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):  December 31, 1997          

STIFEL FINANCIAL CORP.                
(Exact Name of Registrant as specified in its Charter)                

Delaware               1-9305              43-1273600               
(State of          (Commission File        (IRS Employer              
Incorporation)           Number)          Identification No.)             

500 North Broadway                
St. Louis, Missouri 63102-2188                
(Address of principal executive offices, including zip code)                

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

8-K
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STIFEL FINANCIAL CORP.                
FORM 8-K                
Dated December 31, 1997               

Item 5. Other Event                                                             
Stifel  Financial  Corp. (the "Registrant")  announced  that          
members  of  AEGON  USA,  Inc.  Insurance  Group  ("AEGON")  sold               
1,150,000  shares  of the Registrant's common stock.   AEGON  had               
acquired 1,417,707 shares of the Registrant's shares in September               
and   October,   1997,   by  conversion  of  $10,000,000   senior               
convertible  notes.  AEGON informed the Registrant that,  due  to               
its  policy  based preference for fixed-income investments,  they               
would  not likely be a long-term holder of the stock.  After  the               
sale,  AEGON  owns  less  than  5  percent  of  the  Registrant's               
outstanding common stock.                                                       

The Western and Southern Life Insurance Company ("Western  &          
Southern")  has  purchased  925,000 shares  of  the  Registrant's               
outstanding common stock, representing a 14.9 percent interest in               
the  Registrant,  from  AEGON.  Western &  Southern,  located  in               
Cincinnati,  Ohio,  is  part  of the Western-Southern  Enterprise               
which   consists  of  four  insurance  companies,  an  investment               
products   concern,   a  financial  services   organization,   an               
investment  advisory  firm  and a real  estate  asset  management               
company.  Western-Southern Enterprise has assets in excess of $12               
billion and life insurance in force of approximately $54 billion.               
Western  &  Southern  is a 109 year old life  insurance  company,               
licensed  in  44 states, that is rated AAA (highest)  for  claims               
paying  ability  by Standard & Poor's and Duff & Phelps  and  A++               
(superior)  by  A.  M.  Best.  Western &  Southern  respects  the               
registrant's desire to remain an independent company.                           

In addition, Stifel, Nicolaus Stock Ownership Plan and Trust          
has  purchased 225,000 shares from AEGON.  The Registrant's Board               
of  Directors approved a 15 year loan to finance the purchase  of               
these shares.                                                                   

Item 7. Financial Statements, Pro Forma Financial Information and               
Exhibits                                                                        

(a)  Financial Statements of Businesses Acquired.                             

None.                                                               

(b)  Pro Forma Financial Information.                                         

None.                                                               

(c)  Exhibits.                                                                

Exhibit 99: Press Release                                           

8-K
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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:  January 6, 1998             By:       /s/  Stephen J. Bushmann           
                              Name:    Stephen J. Bushmann
                                  Title:   Chief Financial Officer

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		1/6/98		3
For Period End:		12/31/97		1		2			10-K405,  11-K
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