Stifel Financial acquires Alabama investment bank

Stifel Financial Corp. will acquire Montgomery, Ala.-based Merchant Capital LLC, an investment bank that specializes in public finance.

The acquisition, Stifel’s third public finance purchase since 2011 and second this year, aims to strengthen the St. Louis-based investment bank’s position in underwriting markets in the Southeastern U.S.

The deal is expected to close in December.

Read more from the St. Louis Post-Dispatch

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