<html>

<head>
<!-- Document Prepared With E-Services, LLC HTML Software-->
<!-- Copyright 2006 E-Services, LLC.-->
<!-- All rights reserved EDGAR2.com -->



<title>AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON __________, 1999</title>



</head>

<body lang=EN-US>



<p class=MsoTitle><b><font size=2 face="Times New Roman">&nbsp;</font></b></p>

<p class=MsoTitle><b><font size=2 face="Times New Roman">&nbsp;</font></b></p>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoHeader><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoTitle align="center"><b><font size=2 face="Times New Roman">As Filed With the Securities and Exchange Commission on
September 11, 2007</font></b></p>

<p class=MsoNormal align=right style='margin-bottom:6.0pt;text-align:right'><b><font
size=2 face="Times New Roman">Registration
No.&nbsp;333-______</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">UNITED
STATES</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">SECURITIES
AND EXCHANGE COMMISSION</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">Washington,
D.C.&nbsp; 20549</font></b></p>

<p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'><b><font
size=2 face="Times New Roman">______________________</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">FORM S-8</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">REGISTRATION
STATEMENT</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">UNDER</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">THE
SECURITIES ACT OF 1933</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">______________________</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><font size=1
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=4
face="Times New Roman">STIFEL
FINANCIAL CORP.</font></b></p>

<p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'><font
size=1 face="Times New Roman">(Exact name of
registrant as specified in its charter)</font></p>

<div align="center">

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b><font size=1
  face="Times New Roman">Delaware</font></b></p>
  <p class=MsoNormal align=center style='text-align:center'><font size=1
  face="Times New Roman">(State or other
  jurisdiction of </font></p>
  <p class=MsoNormal align=center style='text-align:center'><font size=1
  face="Times New Roman">incorporation or
  organization)</font></p>
  <p class=MsoNormal align=center style='text-align:center'><font size=1
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:9.0pt;text-align:center'><b><font
  size=1 face="Times New Roman">43-1273600</font></b></p>
  <p class=MsoNormal align=right style='text-align:center'><font size=1
  face="Times New Roman">(I.R.S. Employer</font></p>
  <p class=MsoNormal align=right style='text-align:center'><font size=1
  face="Times New Roman">Identification Number)</font></p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b><font size=1
  face="Times New Roman">501
  North Broadway</font></b></p>
  <p class=MsoNormal align=center style='text-align:center'><b><font size=1
  face="Times New Roman">St.
  Louis, Missouri</font></b></p>
  <p class=MsoNormal align=center style='text-align:center'><font size=1
  face="Times New Roman">(Address of principal
  executive offices)</font></p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=1
  face="Times New Roman">&nbsp;</font></p>
  <p class=MsoNormal align=right style='margin-right:9.0pt;text-align:center'><b><font
  size=1 face="Times New Roman">63102</font></b></p>
  <p class=MsoNormal align=right style='text-align:center'><font size=1
  face="Times New Roman">(Zip Code)</font></p>
  </td>
 </tr>
</table>

</div>

<p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'><b><font
size=2 face="Times New Roman">______________________</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=4
face="Times New Roman">STIFEL
FINANCIAL CORP. 2007 INCENTIVE STOCK PLAN</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=4
face="Times New Roman">&nbsp;</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">DAVID M.
MINNICK, ESQ.</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">General
Counsel</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">Stifel
Financial Corp.</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">501
North Broadway</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">St.
Louis, Missouri&nbsp; 63102</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">(Name and address of
agent for service)</font></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">Telephone number,
including area code, of agent for service: <b>(314)
342-2000</b></font></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">______________________</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">Copy to:</font></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">ROBERT
M. LAROSE, ESQ.</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">Thompson
Coburn LLP</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">One US Bank Plaza, Suite 3500</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
  face="Times New Roman">St.
  Louis</font></b><b><font size=2>, Missouri&nbsp; 63101</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">(314)
552-6000</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal align=center style='margin-right:-.5in;text-align:center'><font
size=1 face="Times New Roman">CALCULATION OF
REGISTRATION FEE</font></p>

<div align="center">

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:6.0pt;border-collapse:collapse'>
 <tr>
  <td width=128 valign=top style='width:95.7pt;border-top:double windowtext 2.55pt;
  border-left:double windowtext 2.55pt;border-bottom:none;border-right:none;
  padding:0in 6.0pt 0in 6.0pt'>
  <p class=MsoNormal align=center style='margin-top:4.5pt;margin-right:0in;
  margin-bottom:2.7pt;margin-left:0in;text-align:center'><font size=1
  face="Times New Roman">Title of Securities to
  be <br>
  Registered</font></p>
  </td>
  <td width=106 valign=top style='width:79.55pt;border-top:double windowtext 2.55pt;
  border-left:solid windowtext 1.0pt;border-bottom:none;border-right:none;
  padding:0in 6.0pt 0in 6.0pt'>
  <p class=MsoNormal align=center style='margin-top:4.5pt;margin-right:0in;
  margin-bottom:2.7pt;margin-left:0in;text-align:center'><font size=1
  face="Times New Roman">Amount to be Registered</font></p>
  </td>
  <td width=144 valign=top style='width:1.5in;border-top:double windowtext 2.55pt;
  border-left:solid windowtext 1.0pt;border-bottom:none;border-right:none;
  padding:0in 6.0pt 0in 6.0pt'>
  <p class=MsoNormal align=center style='margin-top:4.5pt;margin-right:0in;
  margin-bottom:2.7pt;margin-left:0in;text-align:center'><font size=1
  face="Times New Roman">Proposed Maximum
  Offering Price Per Share<sup>(1)</sup></font></p>
  </td>
  <td width=144 valign=top style='width:1.5in;border-top:double windowtext 2.55pt;
  border-left:solid windowtext 1.0pt;border-bottom:none;border-right:none;
  padding:0in 6.0pt 0in 6.0pt'>
  <p class=MsoNormal align=center style='margin-top:4.5pt;margin-right:0in;
  margin-bottom:2.7pt;margin-left:0in;text-align:center'><font size=1
  face="Times New Roman">Proposed Maximum
  Aggregate Offering Price<sup>(1)</sup></font></p>
  </td>
  <td width=144 valign=top style='width:108.25pt;border-top:double windowtext 2.55pt;
  border-left:solid windowtext 1.0pt;border-bottom:none;border-right:double windowtext 2.55pt;
  padding:0in 6.0pt 0in 6.0pt'>
  <p class=MsoNormal align=center style='margin-top:4.5pt;margin-right:0in;
  margin-bottom:2.7pt;margin-left:0in;text-align:center'><font size=1
  face="Times New Roman">Amount of Registration<br>
  Fee</font></p>
  </td>
 </tr>
 <tr>
  <td width=128 valign=top style='width:95.7pt;border-top:solid windowtext 1.0pt;
  border-left:double windowtext 2.55pt;border-bottom:double windowtext 2.55pt;
  border-right:none;padding:0in 6.0pt 0in 6.0pt'>
  <p class=MsoNormal align=center style='margin-top:4.5pt;margin-right:0in;
  margin-bottom:2.7pt;margin-left:0in;text-align:center'><font size=1
  face="Times New Roman">Common Stock, $0.15 par
  value </font></p>
  </td>
  <td width=106 valign=top style='width:79.55pt;border-top:solid windowtext 1.0pt;
  border-left:solid windowtext 1.0pt;border-bottom:double windowtext 2.55pt;
  border-right:none;padding:0in 6.0pt 0in 6.0pt'>
  <p class=MsoNormal align=center style='margin-top:4.5pt;margin-right:0in;
  margin-bottom:2.7pt;margin-left:0in;text-align:center'><font size=1
  face="Times New Roman">1,200,000 shares</font></p>
  </td>
  <td width=144 valign=top style='width:1.5in;border-top:solid windowtext 1.0pt;
  border-left:solid windowtext 1.0pt;border-bottom:double windowtext 2.55pt;
  border-right:none;padding:0in 6.0pt 0in 6.0pt'>
  <p class=MsoNormal align=center style='margin-top:4.5pt;margin-right:0in;
  margin-bottom:2.7pt;margin-left:0in;text-align:center'><font size=1
  face="Times New Roman">$51.26</font></p>
  </td>
  <td width=144 valign=top style='width:1.5in;border-top:solid windowtext 1.0pt;
  border-left:solid windowtext 1.0pt;border-bottom:double windowtext 2.55pt;
  border-right:none;padding:0in 6.0pt 0in 6.0pt'>
  <p class=MsoNormal align=center style='margin-top:4.5pt;margin-right:0in;
  margin-bottom:2.7pt;margin-left:0in;text-align:center'><font size=1
  face="Times New Roman">$61,512,000</font></p>
  </td>
  <td width=144 valign=top style='width:108.25pt;border-top:solid 1.0pt;
  border-left:solid 1.0pt;border-bottom:double 2.55pt;border-right:double 2.55pt;
  border-color:windowtext;padding:0in 6.0pt 0in 6.0pt'>
  <p class=MsoNormal align=center style='margin-top:4.5pt;margin-right:0in;
  margin-bottom:2.7pt;margin-left:0in;text-align:center'><font size=1
  face="Times New Roman">$1,888.42</font></p>
  </td>
 </tr>
</table>

</div>

<p class=MsoNormal><font size=1 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='margin-left:27.0pt;text-indent:-27.0pt'><font size=1
face="Times New Roman">&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Estimated solely
for purposes of computing the Registration Fee pursuant to the provisions of
Section 457(c) and 457(h)(1), based upon the average of the high and low sale
prices of common stock, $0.15 par value, of the Registrant as reported on the
New York Stock Exchange on September&nbsp;10, 2007.</font></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">______________________</font></b></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoFooter><font size=1 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>

<div class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">

<hr size=2 width="100%" noshade color=navy align=center>

</font></div>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>



<b><font size=2 face="Times New Roman"><br
clear=all style='page-break-before:always'>
</font></b>



<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoHeader><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">EXPLANATORY
NOTE</font></b></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='text-indent:.5in'><font size=2 face="Times New Roman">The undersigned Registrant hereby files this
Registration Statement on Form&nbsp;S&#8209;8 (this &quot;Registration Statement&quot;)
to register 1,200,000 shares of Stifel Financial Corp. (the &quot;Company&quot;) common
stock, $0.15 par value per share (the &quot;Common Stock&quot;), for issuance to
participants under the Stifel Financial Corp. 2007 Incentive Stock Plan (the
&quot;Plan&quot;). </font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">PART I</font></b> </p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</font></b> </p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='text-indent:.5in'><font size=2 face="Times New Roman">The information specified in
Item&nbsp;1 and Item&nbsp;2 of Part&nbsp;I of this Registration Statement on
Form S-8 is omitted from this filing in accordance with the provisions of
Rule&nbsp;428 under the Securities Act of 1933, as amended, and the
introductory note to Part&nbsp;I of Form S-8. The documents containing the
information specified in Part&nbsp;I will be delivered to the participants in
the Stifel Financial Corp. 2007 Incentive Stock Plan covered by this
Registration Statement as required by Rule&nbsp;428(b)(1). </font></p>

<p class=MsoNormal style='text-align:justify'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">PART II</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">&nbsp;</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT</font></b></p>

<p class=MsoNormal style='text-align:justify'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal><b><font size=2 face="Times New Roman">Item 3.&nbsp; <u>Incorporation of Certain
Documents by Reference</u>.</font></b></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following documents filed by the Company with the
Securities and Exchange Commission are incorporated herein by reference:</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-.5in'><font size=2
face="Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company's
Annual Report on Form 10-K, except for Items 8 and 15, for the year ended
December 31, 2006, filed with the SEC on March 16, 2007, as amended by the
Company's Annual Report on Form 10-K/A for the year ended December 31, 2006,
filed on June 28, 2007;</font></p>

<p class=MsoNormal style='margin-left:.5in;text-indent:-.5in'><font size=2
face="Times New Roman">&nbsp;</font></p>
<p class=MsoNormal style='margin-left:1.0in;text-indent:-.5in'>
<font size=2
face="Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Company's Quarterly Reports on Form 10-Q for the quarterly periods ended March
31, 2007 and June 30, 2007, filed on May 15, 2007 and August 9, 2007,
respectively;</font></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-.5in'><font size=2
face="Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company's
Definitive Proxy Statement for the 2007 Annual Meeting of Shareholders
filed on April 30, 2007;</font></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-.5in'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-.5in'><font size=2
face="Times New Roman">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company's Definitive
Proxy Statement for the special meeting of Shareholders filed on May 22, 2007;</font></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-.5in'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-.5in'><font size=2
face="Times New Roman">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company's Current
Reports on Form 8-K filed on January 9, 2007, March 1, 2007, April 5, 2007, July
5, 2007, and August 13, 2007, and Current Reports on Form 8-K/A filed on
January 12, 2007, March 6, 2007, and May 7, 2007; </font></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-.5in'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-.5in'><font size=2
face="Times New Roman">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All other
reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act
of 1934 since December 31, 2006; and</font></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-.5in'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoFooter align="center"><font face="Times New Roman">-</font><font size=1> </font><font face="Times New Roman">2</font><font face="Times New Roman"> -</font></p>

<div class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">

<hr size=2 width="100%" noshade color=navy align=center>

</font></div>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<font size=2 face="Times New Roman"><br clear=all style='page-break-before:
always'>
</font>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoHeader><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><font size=2
face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
description of the Company's Common Stock contained in the Company's
Registration Statement on Form 8-A, filed on April 29, 1987, and any amendment
or report filed for the purposes of updating such description.</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All documents filed by the Company pursuant to
Sections&nbsp;13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934,
as amended, after the date of this Registration Statement and prior to the
filing of a post-effective amendment which indicates that all securities
offered hereby have been sold or which deregisters all securities remaining
unsold shall be deemed to be incorporated by reference in this Registration
Statement and to be made a part hereof from the date of filing of such
documents.&nbsp; Any statements contained herein or in a document incorporated
herein by reference shall be deemed to be modified or superseded for purposes
of this Registration Statement to the extent that a statement contained in a
subsequently filed document incorporated herein by reference modifies or
supersedes such document.&nbsp; Any statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this
Registration Statement.</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Where any document or part thereof is incorporated by
reference in this Registration Statement, the Company will provide without
charge to each person to whom a Prospectus with respect to the Plan is
delivered, upon written or oral request of such person, a copy of any and all
of the information incorporated by reference in this Registration Statement,
excluding exhibits unless such exhibits are specifically incorporated by
reference.</font></p>

<p class=MsoNormal>&nbsp;</p>

<p class=MsoNormal><b><font size=2 face="Times New Roman">Item 4.&nbsp; <u>Description of Securities</u>.</font></b></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not required.</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal><b><font size=2 face="Times New Roman">Item 5.&nbsp; <u>Interests of Named
Experts and Officers</u>.</font></b></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable.</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='page-break-after:avoid'><b><font size=2
face="Times New Roman">Item 6.&nbsp;
<u>Indemnification of Directors and Officers</u>.</font></b></p>

<p class=MsoNormal style='page-break-after:avoid'><font size=2
face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following is a summary of Section 145 of the General
Corporation Law of the State of Delaware (the &quot;DGCL&quot;).</font></p>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='margin-bottom:12.0pt;text-indent:.5in'><font size=2
face="Times New Roman">Subject
to restrictions contained in the DGCL, a corporation may indemnify any person,
who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding by reason
of the fact that he is or was a director, officer, employee or agent of the
corporation, or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise, against expenses (including attorney's
fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred in connection therewith if such person acted in good faith and in a
manner such person reasonably believed to be in or not opposed to the best
interests of the corporation, and, in connection with any criminal action or
proceeding, had no reasonable cause to believe that such person's conduct was
unlawful. A present or former director or officer who is successful on the
merits or otherwise in any suit or matter covered by the indemnification
statute, shall be indemnified and indemnification is otherwise authorized upon
a determination that the person to be indemnified has met the applicable
standard of conduct required. Such determination shall be made by a majority
vote of the board of directors who were not parties to such action, suit or
proceeding, even though less than a quorum, a committee of such directors
designated by majority vote of such directors, even though less than a quorum,
or if there are no such directors, or if such directors so direct, by special
independent counsel in a written opinion, or by the shareholders. </font></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">- 3</font> -</p>

<p class=MsoNormal style='margin-bottom:12.0pt;text-indent:.5in'>&nbsp;</p><font size=2
face="Times New Roman">

<hr size=2 width="100%" noshade color=navy align=center>

</font>
<p class=MsoNormal style='margin-bottom:12.0pt;text-indent:.5in'>&nbsp;</p>
<p class=MsoNormal style='margin-bottom:12.0pt;text-indent:.5in'>
<font size=2
face="Times New Roman">Expenses
incurred in defense of any action, suit or proceeding may be paid in advance
upon receipt by the corporation of a written undertaking by or on behalf of the
recipient to repay such amount if it is ultimately determined that the
recipient is not entitled to indemnification under the statute. The
indemnification provided by statute is not exclusive of any other rights to
which those seeking indemnification may be entitled under any by-law,
agreement, vote of shareholders or disinterested directors or otherwise, and
shall inure to the benefit of the heirs, executors and administrators of such
person. Insurance may be purchased on behalf of any person entitled to
indemnification by the corporation against any liability asserted against him
or her and incurred in an official capacity regardless of whether the person
could be indemnified under the statute. References to the corporation include
all constituent corporations absorbed in a consolidation or merger as well as
the resulting corporation, and anyone seeking indemnification by virtue of
acting in some capacity with a constituent corporation would stand in the same
position as if such person had served the resulting or surviving corporation in
the same capacity.</font></p>

<p class=MsoNormal style='margin-bottom:12.0pt;text-indent:.5in'><font size=2
face="Times New Roman">The Company's Certificate
of Incorporation provides generally that a director shall not be personally
liable to the corporation or its shareholders for monetary damages for breach
of fiduciary duty as a director, except for liability (i) for any breach of the
director's duty of loyalty to the corporation or its shareholders, (ii) for
acts or omissions not in good faith which involve intentional misconduct or a
knowing violation of law, (iii) under Section 174 of the Delaware General
Corporation Law, or (iv) for any transaction from which the director derived an
improper personal benefit.</font></p>

<pre style='margin-bottom:12.0pt;text-indent:.5in'><font size=2
face="Times New Roman">Section 6.4 of the Registrant's Amended and Restated By-Laws provides for indemnification by the Registrant of each person who is or was a director, officer or employee of the Registrant (or is or was serving as a director, officer or employee of any other enterprise at the request of the Registrant) to the full extent authorized by law. Certain of the directors also have indemnification agreements with the Registrant which provide for indemnification to the full extent permitted by the Delaware General Corporation Law or by any amendment thereof or any other statutory provisions authorizing or permitting indemnification.</font></pre>

<p class=MsoNormal style='margin-bottom:12.0pt;text-indent:.5in'><font size=2
face="Times New Roman">In
addition, the DGCL and the Company's bylaws authorize the Company to purchase
insurance for the Company's directors and officers insuring them against
certain risks as to which the Company may be unable lawfully to indemnify them.
The Company has purchased insurance coverage for its directors and officers as
well as insurance coverage to reimburse the Company for potential costs of
corporate indemnification of the Company's directors and officers.</font></p>

<p class=MsoNormal><b><font size=2 face="Times New Roman">Item 7.&nbsp; <u>Exemption from
Registration Claimed</u>.</font></b></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable.</font></p>

<p class=MsoNormal style='page-break-after:avoid'>&nbsp;</p>

<p class=MsoNormal style='page-break-after:avoid'><b><font size=2
face="Times New Roman">Item 8.&nbsp;
<u>Exhibits</u>.</font></b></p>

<p class=MsoNormal style='page-break-after:avoid'><font size=2
face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; See Exhibit
Index on page 9 hereof.</font></p>

<p class=MsoNormal>&nbsp;</p>

<p class=MsoNormal><b><font size=2 face="Times New Roman">Item 9.&nbsp; <u>Undertakings</u>.</font></b></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The undersigned registrant hereby undertakes:</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='margin-left:.5in;text-indent:.5in'><font size=2
face="Times New Roman">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To file,
during any period in which offers and sales are being made, a post-effective
amendment to this registration statement:</font></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">- </font><font size=2 face="Times New Roman">4</font> -</p>

<div class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">

<hr size=2 width="100%" noshade color=navy align=center>

</font></div>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

&nbsp;<p class=MsoNormal style='margin-left:1.0in;text-indent:.5in'><font size=2
face="Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To include
any prospectus required by Section 10 (a) (3) of the Securities Act of 1933;</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:.5in'><font size=2
face="Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To reflect in
the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof),
which, individually or in the aggregate, represent a fundamental change in the
information set forth in the registration statement. Notwithstanding the
foregoing, any increase or decrease in the volume of securities offered (if the
total dollar value of securities offered would not exceed that which was
registered) and any deviation from the low or high end of the estimated maximum
offering range may be reflected in the form of prospectus filed with the
Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume
and price represent no more than a 20 percent change in the maximum aggregate
offering price set forth in the &quot;Calculation of Registration Fee&quot;
table in the effective registration statement;</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:.5in'><font size=2
face="Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To include
any material information with respect to the plan of distribution not previously
disclosed in the registration statement or any material change to such
information in the registration statement;</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal><i><font size=2 face="Times New Roman">Provided, however,</font></i>
<i>that </i>paragraphs (a) (1) (i) and
(a) (1) (ii) do not apply if the registration statement is on Form S-8, and the
information required to be included in a post-effective amendment by those
paragraphs is contained in reports filed with or furnished to the Commission by
the registrant pursuant to Section 13 or Section 15(d) of the Securities
Exchange Act of 1934 that are incorporated by reference in the registration
statement.</p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:1.0in'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='margin-left:.5in;text-indent:.5in'><font size=2
face="Times New Roman">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; That, for the
purpose of determining any liability under the Securities Act of 1933, each
such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof.</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='margin-left:.5in;text-indent:.5in'><font size=2
face="Times New Roman">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To remove from
registration by means of a post-effective amendment any of the securities being
registered which remain unsold at the termination of the offering.</font></p>

<p class=MsoNormal style='margin-left:.5in;text-indent:.5in'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:.5in'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The undersigned registrant hereby undertakes
that, for purposes of determining any liability under the Securities Act of
1933, each filing of the registrant's annual report pursuant to Section 13(a)
or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable,
each filing of an employee benefit plan's annual report pursuant to
Section&nbsp;15(d) of the Securities Exchange Act of 1934) that is incorporated
by reference in the registration statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof.</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">- </font><font size=2 face="Times New Roman">5</font> -</p>

<div class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">

<hr size=2 width="100%" noshade color=navy align=center>

</font></div>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;&nbsp;</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insofar as indemnification for liabilities
arising under the Securities Act of 1933 may be permitted to directors,
officers and controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in the opinion
of the Securities and Exchange Commission such indemnification is against
public policy as expressed in the Act and is, therefore, unenforceable.&nbsp; In the
event that a claim for indemnification against such liabilities (other than the
payment by the registrant of expenses incurred or paid by a director, officer
or controlling person of the registrant in the successful defense of any
action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as
expressed in the Act and will be governed by the final adjudication of such
issue.</font></p>

<p class=MsoNormal>&nbsp;</p>

<p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">SIGNATURES</font></b></p>

<p class=MsoNormal style='text-align:justify'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='text-align:justify'><font size=2
face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>The Registrant</b>.&nbsp; Pursuant to the
requirements of the Securities Act of 1933, the Registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for
filing on Form&nbsp;S-8 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City
of St. Louis, State of Missouri, on September 11, 2007.</font></p>

<p class=MsoNormal style='text-align:justify'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='margin-left:3.0in;text-align:justify'><font size=2
face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; STIFEL FINANCIAL CORP.</font></p>

<p class=MsoNormal style='margin-left:3.0in;text-align:justify'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='margin-left:3.0in;text-align:justify'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='margin-left:3.0in;text-align:justify'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='margin-left:3.0in;text-align:justify'><font size=2
face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By&nbsp; <u>/s/ Ronald J.
Kruszewski</u></font></p>

<p class=MsoNormal style='margin-left:3.0in;text-align:justify'><font size=2
face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ronald J.
Kruszewski</font></p>

<p class=MsoNormal style='margin-left:3.0in;text-align:justify'><font size=2
face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chairman of the
Board, President, </font></p>
<blockquote>
	<blockquote>
		<blockquote>
			<blockquote>
				<blockquote>
					<p class=MsoNormal style='margin-left:3.0in;text-align:justify'>
					<font size=2
face="Times New Roman">Chief Executive Officer
and Director</font></p>
				</blockquote>
			</blockquote>
		</blockquote>
	</blockquote>
</blockquote>

<p class=MsoNormal style='text-align:justify'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='text-align:justify'>&nbsp;</p>

<p class=MsoNormal style='text-align:justify'>&nbsp;</p>

<p class=MsoNormal style='text-align:justify'>&nbsp;</p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">POWER OF
ATTORNEY</font></b></p>

<p class=MsoNormal style='text-align:justify'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='text-align:left'><font size=2
face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each person
whose signature appears below hereby constitutes and appoints David M. Minnick,
Esq. and Ronald J. Kruszewski, and each of them, the undersigned's true and
lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for the undersigned and in the undersigned's name, place and
stead, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to this Registration Statement on Form S-8 with
respect to the Stifel Financial Corp. 2007 Incentive Stock Plan, and to file
the same, with exhibits and any and all other documents filed with respect
thereto, with the Securities and Exchange Commission (or any other governmental
or regulatory authority), granting unto said attorneys-in-fact and agents, and
each of them, full power and authority to do and to perform each and every act
and thing requisite and necessary to be done in ratifying and confirming all
that said attorneys-in-fact and agents, or any of them, or their substitute or
substitutes may lawfully do or cause to be done by virtue hereof.</font></p>

<p class=MsoNormal style='text-align:justify'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='text-align:left;page-break-after:avoid'><font
size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant
to the requirements of the Securities Act of 1933, as amended, this
Registration Statement has been signed by the following persons in the
capacities and on the date indicated.</font></p>

<p class=MsoNormal style='text-align:justify;page-break-after:avoid'>&nbsp;</p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">- </font><font size=2 face="Times New Roman">6</font> -</p>

<div class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">

<hr size=2 width="100%" noshade color=navy align=center>

</font></div>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal style='text-align:justify;page-break-after:avoid'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>

  <tr>
   <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
   <p class=MsoNormal style='text-align:justify;page-break-after:avoid'><b><u><font
   size=2 face="Times New Roman">Signature</font></u></b></p>
   <p class=MsoNormal style='text-align:justify;page-break-after:avoid'>&nbsp;</p>
   <p class=MsoNormal style='text-align:justify;page-break-after:avoid'>&nbsp;</p>
   </td>
   <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
   <p class=MsoNormal align=center style='text-align:center;page-break-after:
   avoid'><b><u><font size=2 face="Times New Roman">Title</font></u></b></p>
   </td>
   <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
   <p class=MsoNormal align=center style='text-align:center;page-break-after:
   avoid'><b><u><font size=2 face="Times New Roman">Date</font></u></b></p>
   <p class=MsoNormal style='text-align:justify;page-break-after:avoid'>&nbsp;</p>
   </td>
  </tr>

 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify;page-break-after:avoid'><u><font
  size=2 face="Times New Roman">/s/ Ronald J.
  Kruszewski</font></u></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Ronald J. Kruszewski</font></p>
  <p class=MsoNormal style='text-align:justify;page-break-after:avoid'><font
  size=2 face="Times New Roman">&nbsp;</font></p>
  <p class=MsoNormal style='text-align:justify;page-break-after:avoid'><font
  size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">Chairman
  of the Board, President, Chief Executive Officer, and Director</font></p>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">(Principal
  Executive Officer)</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">September
  11, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><u><font size=2
  face="Times New Roman">/s/ James M. Zemlyak</font></u></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">James M. Zemlyak</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">Senior Vice President,
  Chief Financial Officer, Treasurer, and Director</font></p>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">(Principal Financial
  and Accounting Officer)</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">September
  11, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><u><font size=2
  face="Times New Roman">/s/ Robert J. Baer</font></u></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Robert J. Baer</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">Director</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">September
  11, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><u><font size=2
  face="Times New Roman">/s/ Bruce A. Beda</font></u></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Bruce A. Beda</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">Director</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">September
  11, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><u><font size=2
  face="Times New Roman">/s/ Charles A. Dill</font></u></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Charles A. Dill</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">Director</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">September
  11, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><u><font size=2
  face="Times New Roman">/s/ John P. Dubinsky</font></u></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">John P. Dubinsky</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">Director</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">September
  11, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify;page-break-after:avoid'><u><font
  size=2 face="Times New Roman">/s/ Richard F.
  Ford</font></u></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Richard F. Ford</font></p>
  <p class=MsoNormal style='text-align:justify;page-break-after:avoid'><font
  size=2 face="Times New Roman">&nbsp;</font></p>
  <p class=MsoNormal style='text-align:justify;page-break-after:avoid'><font
  size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">Director</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">September
  11, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><u><font size=2
  face="Times New Roman">/s/ Frederick O. Hanser</font></u></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Frederick O. Hanser</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">Director</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">September
  11, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><u><font size=2
  face="Times New Roman">/s/ Richard J.
  Himelfarb</font></u></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Richard J. Himelfarb</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">Director</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">September
  11, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><u><font size=2
  face="Times New Roman">/s/ Robert E. Lefton</font></u></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Robert E. Lefton</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">Director</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">September
  11, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><u><font size=2
  face="Times New Roman">/s/ Scott B. McCuaig</font></u></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Scott B. McCuaig</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">Director</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">September
  11, 2007</font></p>
  </td>
 </tr>
 </table>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">- 7</font> -</p>

<div class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">

<hr size=2 width="100%" noshade color=navy align=center>

</font></div>

<p>&nbsp;</p>
<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse' id="table1">

 <tr>
   <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
   <p class=MsoNormal style='text-align:justify;page-break-after:avoid'><b><u><font
   size=2 face="Times New Roman">Signature</font></u></b></p>
   <p class=MsoNormal style='text-align:justify;page-break-after:avoid'>&nbsp;</p>
   <p class=MsoNormal style='text-align:justify;page-break-after:avoid'>&nbsp;</p>
   </td>
   <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
   <p class=MsoNormal align=center style='text-align:center;page-break-after:
   avoid'><b><u><font size=2 face="Times New Roman">Title</font></u></b></p>
   </td>
   <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
   <p class=MsoNormal align=center style='text-align:center;page-break-after:
   avoid'><b><u><font size=2 face="Times New Roman">Date</font></u></b></p>
   <p class=MsoNormal style='text-align:justify;page-break-after:avoid'>&nbsp;</p>
   </td>
  </tr>

 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><u><font size=2
  face="Times New Roman">/s/ Thomas P. Mulroy</font></u></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Thomas P. Mulroy</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">Director</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">September
  11, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><u><font size=2
  face="Times New Roman">/s/ James M. Oates</font></u></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">James M. Oates</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">Director</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">September
  11, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><u><font size=2
  face="Times New Roman">/s/ Ben A. Plotkin</font></u></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Ben A. Plotkin</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">Director</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">September
  11, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><u><font size=2
  face="Times New Roman">/s/ Joseph A. Sullivan</font></u></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Joseph A. Sullivan</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">Director</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">September
  11, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><u><font size=2
  face="Times New Roman">/s/ Kelvin R. Westbrook</font></u></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Kelvin R. Westbrook</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">Director</font></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">September
  11, 2007</font></p>
  </td>
 </tr>
</table>

<p class=MsoNormal style='text-align:justify'>&nbsp;</p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">- 8</font> -</p>

<div class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">

<hr size=2 width="100%" noshade color=navy align=center>

</font></div>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<font size=2 face="Times New Roman"><br clear=all style='page-break-before:
always'>
&nbsp;</font><p class=MsoNormal align=center style='text-align:center'><b><u><font size=2
face="Times New Roman">EXHIBIT
INDEX</font></u></b></p>

<p class=MsoNormal style='text-align:justify'><font size=2
face="Times New Roman">&nbsp;</font></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>

  <tr>
   <td width=86 valign=top style='width:.9in;padding:0in 5.4pt 0in 5.4pt'>
   <p class=MsoNormal align=center style='text-align:center'><b><u><font
   size=2 face="Times New Roman">Exhibit No.</font></u></b></p>
   </td>
   <td width=473 valign=top style='width:354.6pt;padding:0in 5.4pt 0in 5.4pt'>
   <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
   </td>
   <td width=79 valign=top style='width:59.4pt;padding:0in 5.4pt 0in 5.4pt'>
   <p class=MsoNormal align=center style='margin-left:12.6pt;text-align:center'>&nbsp;</p>
   <p class=MsoNormal align=center style='margin-left:12.6pt;text-align:center'>&nbsp;</p>
   </td>
  </tr>

 <tr>
  <td width=86 valign=top style='width:.9in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">4.1</font></p>
  </td>
  <td width=473 valign=top style='width:354.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Restated Certificate of
  Incorporation, as amended, of the Company filed with the Secretary of State
  of Delaware on May 31, 2001, incorporated herein by reference to
  Exhibit&nbsp;3.(a) to the Company's Quarterly Report on Form 10-Q
  (Registration File No. 001-9305) for the quarterly period ended June 30, 2001.</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=79 valign=top style='width:59.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:12.6pt;text-align:justify'><font
  size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width=86 valign=top style='width:.9in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">4.2</font></p>
  </td>
  <td width=473 valign=top style='width:354.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Amended and Restated
  By-Laws of the Company, incorporated herein by reference to Exhibit 3.(b)(1)
  to the Company's Annual Report on Form 10-K (File No. 1-9305) for the fiscal
  year ended July 30, 1993.</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=79 valign=top style='width:59.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:12.6pt;text-align:justify'><font
  size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width=86 valign=top style='width:.9in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">4.3</font></p>
  </td>
  <td width=473 valign=top style='width:354.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Registration Rights
  Agreement dated February 28, 2007 of the Company, incorporated herein by
  reference to the Company's Current Report on Form 8-K/A (File No. 1-9305)
  filed on March 6, 2007.</font></p>
  </td>
  <td width=79 valign=top style='width:59.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:12.6pt;text-align:justify'><font
  size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width=86 valign=top style='width:.9in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><font size=2 face="Times New Roman">5.1</font></p>
  </td>
  <td width=473 valign=top style='width:354.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify;page-break-after:avoid'><font
  size=2 face="Times New Roman">Opinion of
  Thompson Coburn LLP as to the legality of the securities being registered.</font></p>
  <p class=MsoNormal style='text-align:justify;page-break-after:avoid'><font
  size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=79 valign=top style='width:59.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:12.6pt;text-align:justify;page-break-after:
  avoid'><font size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width=86 valign=top style='width:.9in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">23.1</font></p>
  </td>
  <td width=473 valign=top style='width:354.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Consent of Deloitte
  &amp; Touche LLP.</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=79 valign=top style='width:59.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:12.6pt;text-align:justify'><font
  size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width=86 valign=top style='width:.9in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">23.2</font></p>
  </td>
  <td width=473 valign=top style='width:354.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Consent of
  PricewaterhouseCoopers LLP.</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=79 valign=top style='width:59.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:12.6pt;text-align:justify'><font
  size=2 face="Times New Roman">&nbsp;</font></p>
  <p class=MsoNormal style='margin-left:12.6pt;text-align:justify'><font
  size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width=86 valign=top style='width:.9in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">23.3</font></p>
  </td>
  <td width=473 valign=top style='width:354.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Consent of Thompson
  Coburn LLP (included in Exhibit 5.1).</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=79 valign=top style='width:59.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:12.6pt;text-align:justify'><font
  size=2 face="Times New Roman">&nbsp;</font></p>
  <p class=MsoNormal style='margin-left:12.6pt;text-align:justify'><font
  size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width=86 valign=top style='width:.9in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">24.1</font></p>
  </td>
  <td width=473 valign=top style='width:354.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Power of Attorney (set
  forth on signature page hereto).</font></p>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">&nbsp;</font></p>
  </td>
  <td width=79 valign=top style='width:59.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:12.6pt;text-align:justify'><font
  size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width=86 valign=top style='width:.9in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size=2
  face="Times New Roman">99.1</font></p>
  </td>
  <td width=473 valign=top style='width:354.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><font size=2
  face="Times New Roman">Stifel Financial Corp.
  2007 Incentive Stock Plan, filed as Annex I to the Company's definitive Proxy
  Statement on Schedule 14A for the 2007 Annual Meeting of Stockholders (File
  No. 001-09305) filed May 22, 2007 and incorporated herein by reference.</font></p>
  </td>
  <td width=79 valign=top style='width:59.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:12.6pt;text-align:justify'><font
  size=2 face="Times New Roman">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p class=MsoNormal style='text-align:justify'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal>&nbsp;</p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">- 9</font> -</p>

<div class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">

<hr size=2 width="100%" noshade color=navy align=center>

</font></div>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<p align="center">
<font size=2 face="Times New Roman"><br clear=all style='page-break-before:
always'>
&nbsp;EXHIBIT 5.1&nbsp;</font></p>
<p align="center"><font size=2 face="Times New Roman">[LETTERHEAD OF THOMPSON COBURN LLP]</font></p>
<font
size=2 face="Times New Roman">September 11, 2007&nbsp;</font><p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0"><font
size=2 face="Times New Roman">Stifel Financial Corp.</font></p>
<p style="margin-top: 0; margin-bottom: 0"><font
size=2 face="Times New Roman">501 North Broadway</font></p>
<p style="margin-top: 0; margin-bottom: 0"><font size=2 face="Times New Roman">St. Louis, Missouri 63102</font></p>
<font size=2 face="Times New Roman">&nbsp;</font><p>
<font size=2 face="Times New Roman">Re:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registration
Statement on Form S-8 for 1,200,000 Shares of Stifel Financial Corp. Common
Stock, $0.15 par value, for issuance under the Stifel Financial Corp. 2007
Incentive Stock Plan (the &quot;Plan&quot;).</font></p>
<font
size=2 face="Times New Roman">&nbsp;Ladies and Gentlemen:&nbsp;</font><p>
<font
size=2 face="Times New Roman">With reference to the Registration Statement on
Form S-8 (the &quot;Registration Statement&quot;) to be filed with the Securities and
Exchange Commission pursuant to the Securities Act of 1933, as amended, on
September 11, 2007, by Stifel Financial Corp., a Delaware corporation (the
&quot;Company&quot;), pertaining to the proposed issuance by the Company of up to
1,200,000 shares of the Company&#39;s common stock, $0.15 par value (the &quot;Shares&quot;),
pursuant to the Plan, we have examined such corporate records of the Company,
such laws and such other information as we have deemed relevant, including the
Company&#39;s Restated Certificate of Incorporation, as amended, Amended and
Restated By-Laws, resolutions adopted by the Board of Directors relating to such
issuance, certificates received from state officials and statements we have
received from officers and representatives of the Company. In delivering this
opinion, we have assumed the genuineness of all signatures, the authenticity of
all documents submitted to us as originals, the conformity to the originals of
all documents submitted to us as certified, photostatic or conformed copies, the
authenticity of originals of all such latter documents, and the correctness of
statements submitted to us by officers and representatives of the Company.
&nbsp;</font></p>
<p><font
size=2 face="Times New Roman">Based solely on the foregoing, we are of the opinion that the Shares to be
issued by the Company pursuant to the Plan have been duly authorized and, when
issued by the Company in accordance with the Plan, will be legally issued, fully
paid and non-assessable.</font></p>
<font
size=2 face="Times New Roman">We consent to the filing of this opinion as an
exhibit to the Registration Statement. We further consent to the filing of
copies of this opinion with agencies of such states and other jurisdictions as
you deem necessary in the course of complying with the laws of the states and
jurisdictions regarding the sale and issuance of the Shares in accordance with
the Registration Statement.&nbsp;</font><p><font
size=2 face="Times New Roman">Very truly yours,</font></p>
<font
size=2 face="Times New Roman">&nbsp;/s/ Thompson Coburn LLP&nbsp;</font><p class=MsoNormal>&nbsp;</p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">- 10</font> -</p>

<div class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">

<hr size=2 width="100%" noshade color=navy align=center>

</font></div>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<font size=2 face="Times New Roman"><br clear=all style='page-break-before:
always'>
</font>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">EXHIBIT 23.1</font></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">CONSENT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">&nbsp;</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face="Times New Roman">&nbsp;</font></b></p>

<p class=MsoBodyText><font size=3 face="Times New Roman">We consent to the incorporation by reference in this
Registration Statement on Form S-8 of our reports relating to the consolidated
financial statements and financial statement schedule of Stifel Financial Corp.
and management's report on the effectiveness of internal control over financial
reporting dated June 28, 2007 appearing in the Annual Report on Form 10-K/A of
Stifel Financial Corp. for the year ended December 31, 2006.</font></p>

<p class=MsoBodyText><font size=3 face="Times New Roman">&nbsp;</font></p>

<p class=MsoBodyText><font size=3 face="Times New Roman">&nbsp;</font></p>

<p class=MsoBodyText><font size=3 face="Times New Roman">/s/ Deloitte &amp; Touche LLP</font></p>

<p class=MsoBodyText><font size=3 face="Times New Roman">&nbsp;</font></p>

<p class=MsoBodyText style="margin-top: 0; margin-bottom: 0"><font size=3 face="Times New Roman">St. Louis</font><font size=3>, Missouri</font></p>

<p class=MsoBodyText style="margin-top: 0; margin-bottom: 0"><font size=3 face="Times New Roman">September
10, 2007</font></p>

<p class=MsoNormal><b><font size=2 face="Times New Roman">&nbsp;</font></b></p>

<p class=MsoNormal><b><font size=2 face="Times New Roman">&nbsp;</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">- 11</font> -</p>

<div class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">

<hr size=2 width="100%" noshade color=navy align=center>

</font></div>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;&nbsp;</font></p>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=Consent align="center"><font size=2 face="Times New Roman">EXHIBIT 23.2</font></p>

<p class=Consent><font size=3 face="Times New Roman">&nbsp;</font></p>

<p class=Consent align="center"><b><font size=2 face="Times New Roman">CONSENT
OF INDEPENDENT ACCOUNTANTS</font></b></p>

<p class=Consent align=left style='text-align:left'>&nbsp;</p>
<p class=Consent align=left style='text-align:left'>&nbsp;</p>
<p class=Consent align=left style='text-align:left'>
<font size=3
face="Times New Roman">We hereby consent to the
incorporation by reference in this Registration Statement on Form S-8 of Stifel
Financial Corp. of our report dated April 19, 2007, relating to the
consolidated financial statements of Ryan Beck Holdings, Inc., which appears in
Stifel Financial Corp.'s Current Report on Form 8-K/A dated May 4, 2007. </font></p>

<p class=MsoNormal style='page-break-after:avoid'>&nbsp;</p>
<p class=MsoNormal style='page-break-after:avoid'>&nbsp;</p>
<p class=MsoNormal style='page-break-after:avoid'>
<font size=3
face="Times New Roman">/s/
PricewaterhouseCoopers LLP</font></p>

<p class=MsoNormal style='page-break-after:avoid'><font size=3
face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal><font size=3 face="Times New Roman">New York</font><font size=3>, New York</font><font size=3><br>
September 11, 2007</font></p>

<p class=MsoNormal><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">- 12</font> -</p>

<div class=MsoNormal align=center style='text-align:center'><font size=2
face="Times New Roman">

<hr size=2 width="100%" noshade color=navy align=center>

</font></div>

<p class=MsoNormal style='line-height:1.0pt'><font size=2 face="Times New Roman">&nbsp;</font></p>

<p class=MsoNormal><b><font size=2 face="Times New Roman">&nbsp;</font></b></p>



</body>

</html>
[{"type": "S-8", "sequence": "1", "filename": "rs82007incentiveplan1.htm", "description": "S-8 DATED 09/11/2007", "secsgml_size_bytes": 81764}]
{"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": "S-8", "act": "33", "file-number": "333-145990", "film-number": "071111667"}, "business-address": {"street1": "ATTN: JAMES G. LASCHOBER", "street2": "501 N. BROADWAY", "city": "ST. LOUIS", "state": "MO", "zip": "63102-2102", "phone": "314-342-2000"}, "mail-address": {"street1": "ATTN: JAMES G. LASCHOBER", "street2": "501 N. BROADWAY", "city": "ST. LOUIS", "state": "MO", "zip": "63102-2102"}}
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON __________, 1999
As Filed With the Securities and Exchange Commission on
September 11, 2007
Registration
No. 333-______
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C.  20549
______________________
FORM S-8
REGISTRATION
STATEMENT
UNDER
THE
SECURITIES ACT OF 1933
______________________
STIFEL
FINANCIAL CORP.
(Exact name of
registrant as specified in its charter)
Delaware
(State or other
  jurisdiction of
incorporation or
  organization)
43-1273600
(I.R.S. Employer
Identification Number)
501
  North Broadway
St.
  Louis, Missouri
(Address of principal
  executive offices)
63102
(Zip Code)
______________________
STIFEL
FINANCIAL CORP. 2007 INCENTIVE STOCK PLAN
DAVID M.
MINNICK, ESQ.
General
Counsel
Stifel
Financial Corp.
501
North Broadway
St.
Louis, Missouri  63102
(Name and address of
agent for service)
Telephone number,
including area code, of agent for service:
(314)
342-2000
______________________
Copy to:
ROBERT
M. LAROSE, ESQ.
Thompson
Coburn LLP
One US Bank Plaza, Suite 3500
St.
  Louis
, Missouri  63101
(314)
552-6000
CALCULATION OF
REGISTRATION FEE
Title of Securities to
  be
Registered
Amount to be Registered
Proposed Maximum
  Offering Price Per Share
(1)
Proposed Maximum
  Aggregate Offering Price
(1)
Amount of Registration
Fee
Common Stock, $0.15 par
  value
1,200,000 shares
$51.26
$61,512,000
$1,888.42
(1)      Estimated solely
for purposes of computing the Registration Fee pursuant to the provisions of
Section 457(c) and 457(h)(1), based upon the average of the high and low sale
prices of common stock, $0.15 par value, of the Registrant as reported on the
New York Stock Exchange on September 10, 2007.
______________________
EXPLANATORY
NOTE
The undersigned Registrant hereby files this
Registration Statement on Form S‑8 (this "Registration Statement")
to register 1,200,000 shares of Stifel Financial Corp. (the "Company") common
stock, $0.15 par value per share (the "Common Stock"), for issuance to
participants under the Stifel Financial Corp. 2007 Incentive Stock Plan (the
"Plan").
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The information specified in
Item 1 and Item 2 of Part I of this Registration Statement on
Form S-8 is omitted from this filing in accordance with the provisions of
Rule 428 under the Securities Act of 1933, as amended, and the
introductory note to Part I of Form S-8. The documents containing the
information specified in Part I will be delivered to the participants in
the Stifel Financial Corp. 2007 Incentive Stock Plan covered by this
Registration Statement as required by Rule 428(b)(1).
PART II
INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Certain
Documents by Reference
.
The following documents filed by the Company with the
Securities and Exchange Commission are incorporated herein by reference:
(i)         The Company's
Annual Report on Form 10-K, except for Items 8 and 15, for the year ended
December 31, 2006, filed with the SEC on March 16, 2007, as amended by the
Company's Annual Report on Form 10-K/A for the year ended December 31, 2006,
filed on June 28, 2007;
(ii)        The
Company's Quarterly Reports on Form 10-Q for the quarterly periods ended March
31, 2007 and June 30, 2007, filed on May 15, 2007 and August 9, 2007,
respectively;
(iii)       The Company's
Definitive Proxy Statement for the 2007 Annual Meeting of Shareholders
filed on April 30, 2007;
(iv)       The Company's Definitive
Proxy Statement for the special meeting of Shareholders filed on May 22, 2007;
(v)        The Company's Current
Reports on Form 8-K filed on January 9, 2007, March 1, 2007, April 5, 2007, July
5, 2007, and August 13, 2007, and Current Reports on Form 8-K/A filed on
January 12, 2007, March 6, 2007, and May 7, 2007;
(vi)       All other
reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act
of 1934 since December 31, 2006; and
-
2
-
(vii)      The
description of the Company's Common Stock contained in the Company's
Registration Statement on Form 8-A, filed on April 29, 1987, and any amendment
or report filed for the purposes of updating such description.
All documents filed by the Company pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934,
as amended, after the date of this Registration Statement and prior to the
filing of a post-effective amendment which indicates that all securities
offered hereby have been sold or which deregisters all securities remaining
unsold shall be deemed to be incorporated by reference in this Registration
Statement and to be made a part hereof from the date of filing of such
documents.  Any statements contained herein or in a document incorporated
herein by reference shall be deemed to be modified or superseded for purposes
of this Registration Statement to the extent that a statement contained in a
subsequently filed document incorporated herein by reference modifies or
supersedes such document.  Any statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this
Registration Statement.
Where any document or part thereof is incorporated by
reference in this Registration Statement, the Company will provide without
charge to each person to whom a Prospectus with respect to the Plan is
delivered, upon written or oral request of such person, a copy of any and all
of the information incorporated by reference in this Registration Statement,
excluding exhibits unless such exhibits are specifically incorporated by
reference.
Item 4.
Description of Securities
.
Not required.
Item 5.
Interests of Named
Experts and Officers
.
Not applicable.
Item 6.
Indemnification of Directors and Officers
.
The following is a summary of Section 145 of the General
Corporation Law of the State of Delaware (the "DGCL").
Subject
to restrictions contained in the DGCL, a corporation may indemnify any person,
who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding by reason
of the fact that he is or was a director, officer, employee or agent of the
corporation, or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise, against expenses (including attorney's
fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred in connection therewith if such person acted in good faith and in a
manner such person reasonably believed to be in or not opposed to the best
interests of the corporation, and, in connection with any criminal action or
proceeding, had no reasonable cause to believe that such person's conduct was
unlawful. A present or former director or officer who is successful on the
merits or otherwise in any suit or matter covered by the indemnification
statute, shall be indemnified and indemnification is otherwise authorized upon
a determination that the person to be indemnified has met the applicable
standard of conduct required. Such determination shall be made by a majority
vote of the board of directors who were not parties to such action, suit or
proceeding, even though less than a quorum, a committee of such directors
designated by majority vote of such directors, even though less than a quorum,
or if there are no such directors, or if such directors so direct, by special
independent counsel in a written opinion, or by the shareholders.
- 3
-
Expenses
incurred in defense of any action, suit or proceeding may be paid in advance
upon receipt by the corporation of a written undertaking by or on behalf of the
recipient to repay such amount if it is ultimately determined that the
recipient is not entitled to indemnification under the statute. The
indemnification provided by statute is not exclusive of any other rights to
which those seeking indemnification may be entitled under any by-law,
agreement, vote of shareholders or disinterested directors or otherwise, and
shall inure to the benefit of the heirs, executors and administrators of such
person. Insurance may be purchased on behalf of any person entitled to
indemnification by the corporation against any liability asserted against him
or her and incurred in an official capacity regardless of whether the person
could be indemnified under the statute. References to the corporation include
all constituent corporations absorbed in a consolidation or merger as well as
the resulting corporation, and anyone seeking indemnification by virtue of
acting in some capacity with a constituent corporation would stand in the same
position as if such person had served the resulting or surviving corporation in
the same capacity.
The Company's Certificate
of Incorporation provides generally that a director shall not be personally
liable to the corporation or its shareholders for monetary damages for breach
of fiduciary duty as a director, except for liability (i) for any breach of the
director's duty of loyalty to the corporation or its shareholders, (ii) for
acts or omissions not in good faith which involve intentional misconduct or a
knowing violation of law, (iii) under Section 174 of the Delaware General
Corporation Law, or (iv) for any transaction from which the director derived an
improper personal benefit.
Section 6.4 of the Registrant's Amended and Restated By-Laws provides for indemnification by the Registrant of each person who is or was a director, officer or employee of the Registrant (or is or was serving as a director, officer or employee of any other enterprise at the request of the Registrant) to the full extent authorized by law. Certain of the directors also have indemnification agreements with the Registrant which provide for indemnification to the full extent permitted by the Delaware General Corporation Law or by any amendment thereof or any other statutory provisions authorizing or permitting indemnification.
In
addition, the DGCL and the Company's bylaws authorize the Company to purchase
insurance for the Company's directors and officers insuring them against
certain risks as to which the Company may be unable lawfully to indemnify them.
The Company has purchased insurance coverage for its directors and officers as
well as insurance coverage to reimburse the Company for potential costs of
corporate indemnification of the Company's directors and officers.
Item 7.
Exemption from
Registration Claimed
.
Not applicable.
Item 8.
Exhibits
.
See Exhibit
Index on page 9 hereof.
Item 9.
Undertakings
.
(a)        The undersigned registrant hereby undertakes:
(1)        To file,
during any period in which offers and sales are being made, a post-effective
amendment to this registration statement:
-
4
-
(i)         To include
any prospectus required by Section 10 (a) (3) of the Securities Act of 1933;
(ii)        To reflect in
the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof),
which, individually or in the aggregate, represent a fundamental change in the
information set forth in the registration statement. Notwithstanding the
foregoing, any increase or decrease in the volume of securities offered (if the
total dollar value of securities offered would not exceed that which was
registered) and any deviation from the low or high end of the estimated maximum
offering range may be reflected in the form of prospectus filed with the
Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume
and price represent no more than a 20 percent change in the maximum aggregate
offering price set forth in the "Calculation of Registration Fee"
table in the effective registration statement;
(iii)       To include
any material information with respect to the plan of distribution not previously
disclosed in the registration statement or any material change to such
information in the registration statement;
Provided, however,
that
paragraphs (a) (1) (i) and
(a) (1) (ii) do not apply if the registration statement is on Form S-8, and the
information required to be included in a post-effective amendment by those
paragraphs is contained in reports filed with or furnished to the Commission by
the registrant pursuant to Section 13 or Section 15(d) of the Securities
Exchange Act of 1934 that are incorporated by reference in the registration
statement.
(2)        That, for the
purpose of determining any liability under the Securities Act of 1933, each
such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof.
(3)        To remove from
registration by means of a post-effective amendment any of the securities being
registered which remain unsold at the termination of the offering.
(b)        The undersigned registrant hereby undertakes
that, for purposes of determining any liability under the Securities Act of
1933, each filing of the registrant's annual report pursuant to Section 13(a)
or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable,
each filing of an employee benefit plan's annual report pursuant to
Section 15(d) of the Securities Exchange Act of 1934) that is incorporated
by reference in the registration statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof.
-
5
-
(c)        Insofar as indemnification for liabilities
arising under the Securities Act of 1933 may be permitted to directors,
officers and controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in the opinion
of the Securities and Exchange Commission such indemnification is against
public policy as expressed in the Act and is, therefore, unenforceable.  In the
event that a claim for indemnification against such liabilities (other than the
payment by the registrant of expenses incurred or paid by a director, officer
or controlling person of the registrant in the successful defense of any
action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as
expressed in the Act and will be governed by the final adjudication of such
issue.
SIGNATURES
The Registrant
.  Pursuant to the
requirements of the Securities Act of 1933, the Registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City
of St. Louis, State of Missouri, on September 11, 2007.
STIFEL FINANCIAL CORP.
By
/s/ Ronald J.
Kruszewski
Ronald J.
Kruszewski
Chairman of the
Board, President,
Chief Executive Officer
and Director
POWER OF
ATTORNEY
Each person
whose signature appears below hereby constitutes and appoints David M. Minnick,
Esq. and Ronald J. Kruszewski, and each of them, the undersigned's true and
lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for the undersigned and in the undersigned's name, place and
stead, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to this Registration Statement on Form S-8 with
respect to the Stifel Financial Corp. 2007 Incentive Stock Plan, and to file
the same, with exhibits and any and all other documents filed with respect
thereto, with the Securities and Exchange Commission (or any other governmental
or regulatory authority), granting unto said attorneys-in-fact and agents, and
each of them, full power and authority to do and to perform each and every act
and thing requisite and necessary to be done in ratifying and confirming all
that said attorneys-in-fact and agents, or any of them, or their substitute or
substitutes may lawfully do or cause to be done by virtue hereof.
Pursuant
to the requirements of the Securities Act of 1933, as amended, this
Registration Statement has been signed by the following persons in the
capacities and on the date indicated.
-
6
-
Signature
Title
Date
/s/ Ronald J.
  Kruszewski
Ronald J. Kruszewski
Chairman
  of the Board, President, Chief Executive Officer, and Director
(Principal
  Executive Officer)
September
  11, 2007
/s/ James M. Zemlyak
James M. Zemlyak
Senior Vice President,
  Chief Financial Officer, Treasurer, and Director
(Principal Financial
  and Accounting Officer)
September
  11, 2007
/s/ Robert J. Baer
Robert J. Baer
Director
September
  11, 2007
/s/ Bruce A. Beda
Bruce A. Beda
Director
September
  11, 2007
/s/ Charles A. Dill
Charles A. Dill
Director
September
  11, 2007
/s/ John P. Dubinsky
John P. Dubinsky
Director
September
  11, 2007
/s/ Richard F.
  Ford
Richard F. Ford
Director
September
  11, 2007
/s/ Frederick O. Hanser
Frederick O. Hanser
Director
September
  11, 2007
/s/ Richard J.
  Himelfarb
Richard J. Himelfarb
Director
September
  11, 2007
/s/ Robert E. Lefton
Robert E. Lefton
Director
September
  11, 2007
/s/ Scott B. McCuaig
Scott B. McCuaig
Director
September
  11, 2007
- 7
-
Signature
Title
Date
/s/ Thomas P. Mulroy
Thomas P. Mulroy
Director
September
  11, 2007
/s/ James M. Oates
James M. Oates
Director
September
  11, 2007
/s/ Ben A. Plotkin
Ben A. Plotkin
Director
September
  11, 2007
/s/ Joseph A. Sullivan
Joseph A. Sullivan
Director
September
  11, 2007
/s/ Kelvin R. Westbrook
Kelvin R. Westbrook
Director
September
  11, 2007
- 8
-
EXHIBIT
INDEX
Exhibit No.
4.1
Restated Certificate of
  Incorporation, as amended, of the Company filed with the Secretary of State
  of Delaware on May 31, 2001, incorporated herein by reference to
  Exhibit 3.(a) to the Company's Quarterly Report on Form 10-Q
  (Registration File No. 001-9305) for the quarterly period ended June 30, 2001.
4.2
Amended and Restated
  By-Laws of the Company, incorporated herein by reference to Exhibit 3.(b)(1)
  to the Company's Annual Report on Form 10-K (File No. 1-9305) for the fiscal
  year ended July 30, 1993.
4.3
Registration Rights
  Agreement dated February 28, 2007 of the Company, incorporated herein by
  reference to the Company's Current Report on Form 8-K/A (File No. 1-9305)
  filed on March 6, 2007.
5.1
Opinion of
  Thompson Coburn LLP as to the legality of the securities being registered.
23.1
Consent of Deloitte
  & Touche LLP.
23.2
Consent of
  PricewaterhouseCoopers LLP.
23.3
Consent of Thompson
  Coburn LLP (included in Exhibit 5.1).
24.1
Power of Attorney (set
  forth on signature page hereto).
99.1
Stifel Financial Corp.
  2007 Incentive Stock Plan, filed as Annex I to the Company's definitive Proxy
  Statement on Schedule 14A for the 2007 Annual Meeting of Stockholders (File
  No. 001-09305) filed May 22, 2007 and incorporated herein by reference.
- 9
-
EXHIBIT 5.1
[LETTERHEAD OF THOMPSON COBURN LLP]
September 11, 2007
Stifel Financial Corp.
501 North Broadway
St. Louis, Missouri 63102
Re:      Registration
Statement on Form S-8 for 1,200,000 Shares of Stifel Financial Corp. Common
Stock, $0.15 par value, for issuance under the Stifel Financial Corp. 2007
Incentive Stock Plan (the "Plan").
Ladies and Gentlemen:
With reference to the Registration Statement on
Form S-8 (the "Registration Statement") to be filed with the Securities and
Exchange Commission pursuant to the Securities Act of 1933, as amended, on
September 11, 2007, by Stifel Financial Corp., a Delaware corporation (the
"Company"), pertaining to the proposed issuance by the Company of up to
1,200,000 shares of the Company's common stock, $0.15 par value (the "Shares"),
pursuant to the Plan, we have examined such corporate records of the Company,
such laws and such other information as we have deemed relevant, including the
Company's Restated Certificate of Incorporation, as amended, Amended and
Restated By-Laws, resolutions adopted by the Board of Directors relating to such
issuance, certificates received from state officials and statements we have
received from officers and representatives of the Company. In delivering this
opinion, we have assumed the genuineness of all signatures, the authenticity of
all documents submitted to us as originals, the conformity to the originals of
all documents submitted to us as certified, photostatic or conformed copies, the
authenticity of originals of all such latter documents, and the correctness of
statements submitted to us by officers and representatives of the Company.
Based solely on the foregoing, we are of the opinion that the Shares to be
issued by the Company pursuant to the Plan have been duly authorized and, when
issued by the Company in accordance with the Plan, will be legally issued, fully
paid and non-assessable.
We consent to the filing of this opinion as an
exhibit to the Registration Statement. We further consent to the filing of
copies of this opinion with agencies of such states and other jurisdictions as
you deem necessary in the course of complying with the laws of the states and
jurisdictions regarding the sale and issuance of the Shares in accordance with
the Registration Statement.
Very truly yours,
/s/ Thompson Coburn LLP
- 10
-
EXHIBIT 23.1
CONSENT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference in this
Registration Statement on Form S-8 of our reports relating to the consolidated
financial statements and financial statement schedule of Stifel Financial Corp.
and management's report on the effectiveness of internal control over financial
reporting dated June 28, 2007 appearing in the Annual Report on Form 10-K/A of
Stifel Financial Corp. for the year ended December 31, 2006.
/s/ Deloitte & Touche LLP
St. Louis
, Missouri
September
10, 2007
- 11
-
EXHIBIT 23.2
CONSENT
OF INDEPENDENT ACCOUNTANTS
We hereby consent to the
incorporation by reference in this Registration Statement on Form S-8 of Stifel
Financial Corp. of our report dated April 19, 2007, relating to the
consolidated financial statements of Ryan Beck Holdings, Inc., which appears in
Stifel Financial Corp.'s Current Report on Form 8-K/A dated May 4, 2007.
/s/
PricewaterhouseCoopers LLP
New York
, New York
September 11, 2007
- 12
-