<SUBMISSION>
<ACCESSION-NUMBER>0000720672-00-000016
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20000602
<ITEMS>2
<FILING-DATE>20000605
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>STIFEL FINANCIAL CORP
<CIK>0000720672
<ASSIGNED-SIC>6211
<IRS-NUMBER>431273600
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-09305
<FILM-NUMBER>648917
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>ONE FINANCIAL PLAZA
<STREET2>501 N BROADWAY
<CITY>ST. LOUIS
<STATE>MO
<ZIP>63102-2102
<PHONE>3143422000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>ONE FINANCIAL PLAZA
<STREET2>501 N BROADWAY
<CITY>ST. LOUIS
<STATE>MO
<ZIP>63102-2102
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>0001.htm
<DESCRIPTION>FORM 8-K; DATED MAY 18,2000
<TEXT>

<HTML>
<HEAD>
<TITLE>SECURITIES AND EXCHANGE COMMISSION</TITLE>
</HEAD>
<FONT SIZE=2><P ALIGN="CENTER"></P>
</FONT><B><FONT SIZE=4><P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>
<P ALIGN="CENTER">WASHINGTON, D.C. 20549</P>
</B></FONT><FONT SIZE=2><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
</FONT><B><FONT SIZE=5><P ALIGN="CENTER">FORM 8-K</P>
</B></FONT><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="CENTER">CURRENT REPORT</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">PURSUANT TO SECTION 13 OR 15(d) OF THE </P>
<P ALIGN="CENTER">SECURITIES EXCHANGE ACT OF 1934</P>
</B><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">Date of Report (Date of Earliest Event Reported):  May 18, 2000</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<B><U><FONT SIZE=5><P ALIGN="CENTER">STIFEL FINANCIAL CORP</U>.</P>
</B></FONT><P ALIGN="CENTER">(Exact Name of Registrant as specified in its Charter)</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=638>
<TR><TD WIDTH="33%" VALIGN="TOP">
<U><P ALIGN="CENTER">Delaware</P>
</U><P ALIGN="CENTER">(State of Incorporation)</P>
<P ALIGN="CENTER"></TD>
<TD WIDTH="33%" VALIGN="TOP">
<U><P ALIGN="CENTER">1-9305</P>
</U><P ALIGN="CENTER">(Commission File Number)</P>
<P ALIGN="CENTER"></TD>
<TD WIDTH="33%" VALIGN="TOP">
<U><P ALIGN="CENTER">43-1273600</P>
</U><P ALIGN="CENTER">(IRS Employer</P>
<P ALIGN="CENTER">Identification No.)</P>
<P ALIGN="CENTER"></TD>
</TR>
</TABLE>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">One Financial Plaza</P>
<P ALIGN="CENTER">501 North Broadway</P>
<U><P ALIGN="CENTER">St. Louis, Missouri 63102-2102</P>
</U><P ALIGN="CENTER">(Address of principal executive offices, including zip code)</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<U><P ALIGN="CENTER">(314) 342-2000</P>
</U><P ALIGN="CENTER">(Registrant's telephone number, including area code)</P>

<P>&nbsp;</P>
<B><P>Item 5. Other Event</P>
</B><P ALIGN="JUSTIFY">On May 18, 2000, Stifel Financial Corp. (the "Registrant") announced the that its principal subsidiary, Stifel, Nicolaus &amp; Company, Incorporated ("Stifel"), and Sakura Global Capital, Inc. ("Sakura") have entered into a
settlement agreement with the Oklahoma Transportation Authority ("OTA"), formerly known as the Oklahoma Turnpike Authority, relating to the 1992 OTA $608 million bond issue.  In connection with the settlement, the settling parties also entered into a
closing agreem
<P ALIGN="JUSTIFY"></P>
eserves the tax-exempt status of the bonds. This settlement agreement resolves the five year-old civil action filed by the OTA.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<B><P>Item 7. Financial Statements, Pro Forma Financial Information and Exhibits</P>
</B>
<P> (a)  Financial Statements of Businesses Acquired.</P>

<P>      None.</P>

<P> (b)  Pro Forma Financial Information.</P>

<P>      None.</P>

<P> (c)  Exhibits.</P>

<P>      Exhibit 99: Press Release</P>

<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="CENTER">SIGNATURE</P>
</B><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P ALIGN="JUSTIFY"></P><DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>

<P>STIFEL FINANCIAL CORP.</P>

<P>&nbsp;</P></DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>

<P>Date:  June 05, 2000&#9; &#9;&#9;&#9;By:  <U>   &#9;/s/  James M. Zemlyak&#9;&#9;&#9;</P><DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>

</U><P>                Name:&#9;James M. Zemlyak</P>
<P>                Title: &#9;Chief Financial Officer</P>

<P>&nbsp;</P>
<FONT SIZE=2><P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
</FONT><P>&nbsp;</P></DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>0002.htm
<DESCRIPTION>EXIBIT 99 PRESS RELEASE
<TEXT>

<HTML>
<B><FONT SIZE=4><P ALIGN="CENTER">STIFEL FINANCIAL CORP.</P>
</B></FONT><P ALIGN="CENTER">Form 8-K Dated May 18, 2000</P>
<B><P ALIGN="CENTER">Exhibit 99: Press Release </P>
</B><P>[Stifel Financial Corp. logo]<B><FONT SIZE=5> Stifel Financial News</B></FONT><I><FONT SIZE=2>--------------------------------------------------------------------------------------------------------------------------------------------</P>
</I><P>&#9;&#9;One Financial Plaza</P>
<P>&#9;&#9;501 North Broadway</P>
<P>&#9;&#9;St. Louis, MO 63102</P>
<P>&#9;&#9;(314) 342-2000&#9;</P>
</FONT><P>For further information contact:</P>
<P ALIGN="JUSTIFY">James M. Zemlyak</P>
<P ALIGN="JUSTIFY">Chief Financial Officer</P>
<P ALIGN="JUSTIFY">(314) 342-2228</P>
<B><FONT SIZE=4><P ALIGN="CENTER">Stifel Financial Corp. </P>
<P ALIGN="CENTER">Announces Settlement of</P>
<P ALIGN="CENTER">Oklahoma Transportation Authority Litigation and</P>
<P ALIGN="CENTER">Closing Agreement with Internal Revenue Service</P>
</B></FONT><FONT SIZE=2><P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="JUSTIFY">&#9;<B>St. Louis, Missouri, May 18, 2000 </B>- Stifel Financial Corp. (NYSE: "SF") today announced that its principal subsidiary, Stifel, Nicolaus &amp; Company, Incorporated ("Stifel"), and Sakura Global Capital, Inc. ("Sakura") have
entered into a settlement agreement with the Oklahoma Transportation Authority ("OTA"), formerly known as the Oklahoma Turnpike Authority, relating to the 1992 OTA $608 million bond issue. In connection with the settlement, the settling parties also
entered
he Internal Revenue Service which preserves the tax-exempt status of the bonds. </P>
<P ALIGN="JUSTIFY">&#9;The settlement agreement resolves the five year-old civil action filed by the OTA. The suit sought payment of an alleged undisclosed $6.5 million fee paid to Stifel by Sakura in connection with an advance refunding escrow for the
1992 bonds. The Company's portion of the settlement, which is fully reserved and will have no impact on the Company's earnings, equaled $2.1 million of the total settlement amount of $4.2 million. </P>
<P ALIGN="JUSTIFY">&#9;Ronald J. Kruszewski, President and Chief Executive Officer, stated, "Since joining Stifel in late 1997, one of our principal goals has been to resolve this litigation. We are pleased with the settlement, which removes a potential
risk to the Company and its shareholders and, importantly, protects the tax-exempt status of the 1992 OTA bonds."</P>
<P ALIGN="JUSTIFY">&#9;Stifel Financial Corp. is a financial services holding company whose subsidiaries are engaged in general securities brokerage, investment banking, and money management with locations in 17 states, primarily in the Midwest. To learn
more about Stifel, please visit the Company's web site at </FONT><FONT SIZE=2>www.stifel.com</FONT></A><FONT SIZE=2>.</P>
<P ALIGN="JUSTIFY">&#9;For further information on the settlement, contact Company's counsel, Dennis M. Kelleher, Skadden, Arps, Slate, Meager &amp; Flom LLP (617) 573-4805.</P>
</FONT><P ALIGN="JUSTIFY">&nbsp;</P>
<B><I><P ALIGN="CENTER">- End -</P></B></I></BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
