Arnold & Porter Advises Stifel Financial in Acquisition of Business Bancshares and The Business Bank of St. Louis
Arnold & Porter advised Stifel Financial Corp. (Stifel Financial), a financial services holding company, in its recent acquisition of Business Bancshares, Inc., and its subsidiary, The Business Bank of St. Louis.
Stifel Financial, headquartered in St. Louis, Missouri, provides banking, securities and financial services businesses through several wholly owned subsidiaries. Its acquisition of Business Bancshares and The Business Bank of St. Louis expands its business banking capabilities for global wealth management clients. Stifel Financial will operate The Business Bank of St. Louis as a separate subsidiary bank under the name Stifel Bank.
The Arnold & Porter team was led by Corporate and Finance partner Robert Azarow, who heads the firm's Financial Institutions Mergers and Acquisitions practice. The team also included Financial Services partner Brian McCormally, Corporate and Finance counsel Stephanie Nygard, Corporate and Finance associates Robert Fischbeck and Megan Melbourne; Financial Services associate Amber Hay; Executive Compensation counsel Kathleen Wechter; and Tax partner Laurie Abramowitz and associate Reuven Graber.