content: 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):  August 27, 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)
  
  <PAGE> 
                       STIFEL FINANCIAL CORP.
                              FORM 8-K
                           August 27, 1997
  
  Item 5. Other Event
  
       Stifel  Financial Corp. (the "Registrant")  has  outstanding
  $10,000,000   aggregate  principal  amount   of   11.25%   Senior
  Convertible  Notes (the "Notes") due September 1,  1997,  through
  September  1,  2000,  in equal installments to  AEGON  USA,  Inc.
  ("AEGON").   The  notes  are  convertible  into  shares  of   the
  Registrant's  $0.15 par value common stock at any time  prior  to
  maturity,  unless previously redeemed, at a conversion  price  of
  $7.0536 per share.
       
       On  August  27,  1997, the Registrant received  notice  that
  AEGON  has  elected to exercise the conversion privilege  of  the
  Note  Agreement on the current portion ($2,500,000) into  354,424
  shares.  The Registrant's outstanding shares after the conversion
  will approximate 5,046,502 shares.  AEGON will hold approximately
  7.02% of total outstanding shares after the conversion.
       
       
       
       
       
       
  <PAGE>     
                                  
                                  
                              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: September 11, 1997          By:   /s/  Stephen J. Bushmann
                                    Name:     Stephen J. Bushmann
                                    Title:    Chief Financial Officer
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metadata_filer: {"company-data": {"conformed-name": "STIFEL FINANCIAL CORP", "cik": "0000720672", "assigned-sic": "6211", "irs-number": "431273600", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09305", "film-number": "97679039"}, "business-address": {"street1": "500 N. BROADWAY", "street2": "14TH FLOOR", "city": "ST LOUIS", "state": "MO", "zip": "63102-2188", "phone": "3143422000"}, "mail-address": {"street1": "500 N BROADWAY", "city": "ST LOUIS", "state": "MO", "zip": "63102-2188"}}
text: 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):  August 27, 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)
  STIFEL FINANCIAL CORP.
                              FORM 8-K
                           August 27, 1997
  
  Item 5. Other Event
  
       Stifel  Financial Corp. (the "Registrant")  has  outstanding
  $10,000,000   aggregate  principal  amount   of   11.25%   Senior
  Convertible  Notes (the "Notes") due September 1,  1997,  through
  September  1,  2000,  in equal installments to  AEGON  USA,  Inc.
  ("AEGON").   The  notes  are  convertible  into  shares  of   the
  Registrant's  $0.15 par value common stock at any time  prior  to
  maturity,  unless previously redeemed, at a conversion  price  of
  $7.0536 per share.
       
       On  August  27,  1997, the Registrant received  notice  that
  AEGON  has  elected to exercise the conversion privilege  of  the
  Note  Agreement on the current portion ($2,500,000) into  354,424
  shares.  The Registrant's outstanding shares after the conversion
  will approximate 5,046,502 shares.  AEGON will hold approximately
  7.02% of total outstanding shares after the conversion.
  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: September 11, 1997          By:   /s/  Stephen J. Bushmann
                                    Name:     Stephen J. Bushmann
                                    Title:    Chief Financial Officer