Stifel Financial Corp. (Financial) is a financial services holding company. The Company provides securities related financial services through its wholly owned subsidiaries, Stifel Nicolaus & Company, a retail and institutional brokerage and investment banking firm; Century Securities Associates, Inc. (CSA), an independent contractor broker-dealer firm; Stifel Nicolaus Limited (SN Ltd), the Company’s international subsidiary, and Stifel Bank & Trust, a retail and commercial bank. The Company operates in five segments: Private Client Group, Equity Capital Markets, Fixed Income Capital Markets, Stifel Bank and Other. On December 31, 2008, the Company acquired Butler Wick & Company, Inc.