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ST. LOUIS - Investment bank Stifel Financial Corp. said late Tuesday it plans an offering of 2.2 million shares of common stock.
Stifel is selling 300,000 shares, while shareholders BankAtlantic Bancorp Inc. and The Western and Southern Life Insurance Co. are offering 1.9 million shares.
Stifel, Nicolaus & Co., Merrill Lynch & Co., Keefe, Bruyette & Woods and Fox-Pitt Kelton Cochran Caronia Waller are serving as underwriters. The underwriters have been granted the option to buy up to an additional 330,000 shares from Stifel to cover any overallotments.
Stifel currently has about 15.1 million shares outstanding.
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