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Stifel completes purchase of KC business

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St. Louis-based Stifel Financial Corp. announced it completed the purchase of Kansas City-based George K. Baum & Co.

George K. Baum & Co. structures, underwrites and markets municipal bonds.

“The firm’s capabilities in both taxable and tax-exempt municipal securities are a natural fit with Stifel’s existing municipal finance platform and provide a strong foundation to further grow the business," Stifel CEO Ronald Kruszewski said.

Stifel operates a branch in Springfield on East Battlefield Road.

Read more from the St. Louis Business Journal.

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