<SUBMISSION>
<ACCESSION-NUMBER>0000720672-09-000058
<TYPE>S-8
<PUBLIC-DOCUMENT-COUNT>5
<FILING-DATE>20090710
<DATE-OF-FILING-DATE-CHANGE>20090710
<EFFECTIVENESS-DATE>20090710
<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>S-8
<ACT>33
<FILE-NUMBER>333-160523
<FILM-NUMBER>09940358
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>ATTN: JAMES G. LASCHOBER
<STREET2>501 N. BROADWAY
<CITY>ST. LOUIS
<STATE>MO
<ZIP>63102-2102
<PHONE>314-342-2000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>ATTN: JAMES G. LASCHOBER
<STREET2>501 N. BROADWAY
<CITY>ST. LOUIS
<STATE>MO
<ZIP>63102-2102
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>rsv8.htm
<DESCRIPTION>REGISTRATION STATEMENT
<TEXT>
<html>

<head>



<title>_</title>


</head>

<body lang=EN-US link=blue vlink="#606420">


<p class=MsoHeader>&nbsp;</p>
<div align="center">

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none;border-collapse:collapse !msorm;
 border:none !msorm' width="871">
 <tr style='height:20pt' style='height:20pt !msorm'>
  <td valign=top style='border-left:medium none msorm; border-right:medium none msorm; border-top:medium none msorm; width:857px;border-bottom:4.5pt double msorm;
  height:20pt; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal align=center style='text-align:center'><b>
&nbsp;
&nbsp;<font size="2"> </font>
</b><font size="2">&nbsp;
</font>
<b><font size="2">As Filed with the Securities and Exchange Commission
  on July 10, 2009.</font></b></p>
  <p class=MsoNormal align=right style='margin-right:.5in;text-align:right'><a
  name="_DocXamine_Paragraphs3_25"><b><font size="2">Registration
  No. 333-</font></b></a></p>
  </td>
 </tr>
</table>

</div>

<p class=MsoNormal align=center style='text-align:center'><b><font size="4">UNITED STATES SECURITIES AND
EXCHANGE COMMISSION</font><font size="5"><br>
</font><font size="4">Washington, D.C. 20549</font><br>
</b>_________________________</p>

<p class=MsoNormal align=center style='margin:0in;margin-bottom:.0001pt;
text-align:center'><b>FORM S-8<br>
REGISTRATION STATEMENT <br>
UNDER<br>
THE SECURITIES ACT OF 1933<br>
<font size="2">_________________________<br>
&nbsp;</font></b></p>
<p class=MsoNormal align=center style='margin:0in;margin-bottom:.0001pt;
text-align:center'><b><font size="4">STIFEL FINANCIAL CORP. </font>
</b></p>

<p class=MsoNormal align=center style='margin:0in;margin-bottom:.0001pt;
text-align:center'><font size="2">(Exact name of Registrant as
specified in its charter)</font><b><font size="2"> </font> </b></p>

<p align="center"><font size="2">_________________________


</font>


</p>


<p class=MsoNormal align=center style='margin:0in;margin-bottom:.0001pt;
text-align:center'><b><font size="2">&nbsp;</font></b></p>

<p class=MsoNormal style='margin:0in;margin-bottom:.0001pt' align="center"><b>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43-1273600<br>
</font>
</b><font size="2">(State or other jurisdiction of
incorporation or organization) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (I.R.S. Employer
Identification No.)</font></p>

<p class=MsoNormal align=center style='margin:0in;margin-bottom:.0001pt;
text-align:center'><b><font size="2">&nbsp;<br>
501 North Broadway<br>
St. Louis, MO 63102<br>
(314) 342-2000</font></b><font size="2"><br>
(Address, including zip code, and telephone number, including area code, of
registrant's principal executive offices)</font></p>

<p class=MsoNormal align=center style='margin:0in;margin-bottom:.0001pt;
text-align:center'>&nbsp;</p>
<p class=MsoNormal align=center style='margin:0in;margin-bottom:.0001pt;
text-align:center'><b><font size="4">STIFEL FINANCIAL CORP. 2001 INCENTIVE STOCK
PLAN<br>
  (2008 RESTATEMENT) </font>
</b></p>
<p class=MsoNormal align=center style='margin:0in;margin-bottom:.0001pt;
text-align:center'><font size="2">(Full title of the plan)</font><b><font size="2">
</font> </b></p>
<p align="center">

_________________________<br>

	</p>

	<p class="MsoNormal" align="center" style="text-align: center"><b>
	<font size="2">David M.
	Minnick, Esq.<br>
	Secretary<br>
	Stifel Financial Corp.<br>
	501 North Broadway<br>
	St. Louis, MO 63102<br>
	(314) 342-2000<br>
	Fax: (314) 342-2097<br>
	</font>
	</b><font size="2">(Name, address, including zip code, and telephone number, including area
	code, of agent for service)</font><b><font size="2"><br>
	&nbsp;</font></b></p>
	<p class="MsoNormal" align="center" style="text-align: center; margin-bottom:0"><b>
	<font size="2">Copy
	to:</font></b></p>
<p class="MsoNormal" align="center" style="text-align: center; margin-top:0"><b>
	<font size="2">Robert M. LaRose, Esq.<br>
Thompson Coburn LLP<br>
One US Bank Plaza<br>
St. Louis, MO 63101<br>
(314) 552-6000</font></b></p>
	<p class="MsoNormal" style="margin-left: .5in; margin-right: 34.55pt; margin-top: 0in; margin-bottom: 6.0pt">
	<p class=MsoNormal style='text-align:justify;text-indent:.25in'>
	<font size="2">Indicate by check mark whether the registrant is a
large accelerated filer, an accelerated filer, a non-accelerated filer, or a
smaller reporting company.&nbsp; See the definitions of &quot;large accelerated filer,&quot;
&quot;accelerated filer&quot; and &quot;smaller reporting company&quot; in Rule 12b-2 of the
Exchange Act (Check one):</font></p>

<p class=MsoNormal><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Large accelerated
filer &nbsp;[X]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accelerated
filer [ ]</font></p>

<p class=MsoNormal><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-accelerated&nbsp; filer
&nbsp;(Do not check if a smaller reporting
company)&nbsp;[ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Smaller reporting company
[ ]</font></p>

<br clear=all
style='page-break-before:always'>

	<p align="center"><font size="2">

</div>
	</font>
<p align="center">
<font size="2">
<br>_________________________<br>
</font>
</p>

<p class=MsoNormal align="center"><b><font size="2">CALCULATION OF REGISTRATION FEE</font></b></p>

<div align="center">

<table class=MsoTableGrid border=1 cellspacing=0 cellpadding=0
 style='border-color:msorm; width:800px;margin-left:17.4pt;border-collapse:collapse;border-collapse:collapse !msorm;'>
 <tr>
  <td valign=top style='width:160px;border:1px solid msorm;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal align=center style='text-align:center'><b><font size="2">Title of each <br>
  class of securities <br>
  to be registered</font></b></p>
  </td>
  <td valign=top style='border:1px solid msorm; width:103px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal align=center style='text-align:center'><b><font size="2">Amount to be registered<br>
  (No. of shares)</font></b></p>
  </td>
  <td valign=top style='border:1px solid msorm; width:143px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal align=center style='text-align:center'><b><font size="2">Proposed maximum<br>
  &nbsp;aggregate offering <br>
  price<sup> </sup>per share</font></b></p>
  </td>
  <td valign=top style='border:1px solid msorm; width:183px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align="center"><b><font size="2"><br>
  Proposed maximum aggregate offering price</font></b></td>
  <td valign=top style='border:1px solid msorm; width:136px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal align=center style='text-align:center'><b><font size="2"><br>
  Amount of <br>
  registration fee</font></b></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border:1px solid msorm; width:160px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal style='margin-left:.25in;text-indent:-.25in'>
	<font size="2">Common Stock, par value $0.15 per share</font></p>
  </td>
  <td valign=top style='border:1px solid msorm; width:103px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class="MsoNormal" align="center" style="margin-left: 3.15pt"><b>
	<font size="2"><br>
  </font>
  </b><font size="2">11,250,000</font><sup><font size="2">(1)</font></sup></td>
  <td valign=top style='border:1px solid msorm; width:143px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class="MsoNormal" align="center"><b><font size="2"><br>
  </font>
  </b><font size="2">$44.25</font><sup><font size="2">(2)</font></sup></td>
  <td valign=top style='border:1px solid msorm; width:183px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align="center"><b><font size="2"><br>
  </font>
  </b><font size="2">$497,812,500</font><sup><font size="2">(2)</font></sup></td>
  <td valign=top style='border:1px solid msorm; width:136px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class="MsoNormal" align="center"><b><font size="2"><br>
  </font>
  </b><font size="2">$27,778</font></td>
 </tr>
 </table>



</div>
	<p class="MsoNormal" style="text-indent: -.25in; margin-left: .75in; margin-right: 34.85pt; margin-top: 0in; margin-bottom: .0001pt">
	&nbsp;</p>
	<p class="MsoNormal" style="text-align: justify; text-indent: -.25in; margin-left: .75in; margin-right: 34.85pt; margin-top: 0in; margin-bottom: .0001pt">
	<sup><font size="2">(1)&nbsp;&nbsp;</font></sup><font size="2">Pursuant to Rule 416(a), this
	Registration Statement also covers any
	additional securities that may be offered or issued in connection with any
	stock split, stock dividend or similar transaction.&nbsp;&nbsp; Represents
	the maximum number of additional shares of Common Stock available for
	issuance under the Stifel Financial Corp. 2001 Incentive Stock Plan (2008
	Restatement), adjusted for a fifty percent (50%) stock dividend in the form
	of a three-for-two stock split paid on June 12, 2008. </font> </p>
	<p class="MsoNormal" style="text-indent: -.25in; margin-left: .75in; margin-right: 34.85pt; margin-top: 0in; margin-bottom: .0001pt">
	<sup><font size="2">&nbsp;</font></sup></p>
	<p class="MsoNormal" style="text-align: justify; text-indent: -.25in; margin-left: .75in; margin-right: 34.85pt; margin-top: 0in; margin-bottom: .0001pt">
	<sup><font size="2">(2)&nbsp;&nbsp;&nbsp;</font></sup><font size="2">Estimated solely for the purposes of computing the
	registration fee pursuant
	to the provisions of Rule 457(c) and (h), based upon the average of the high
	and low sale prices of common stock, $0.15 par value, of the Registrant as
	reported on the New York Stock Exchange on&nbsp; July 8, 2009.&nbsp; </font> </p>
<p class="MsoNormal" style="text-align: justify; text-indent: -.25in; margin-left: .75in; margin-right: 34.85pt; margin-top: 0in; margin-bottom: .0001pt">
	&nbsp;</p>
<div align="center">

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none;border-collapse:collapse !msorm;
 border:none !msorm' width="871" id="table4">
 <tr style='height:20pt' style='height:20pt !msorm'>
  <td valign=top style='border-left:medium none msorm; border-right:medium none msorm; border-top:medium none msorm; width:857px;border-bottom:4.5pt double msorm;
  height:20pt; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
 </tr>
</table>

</div>

<b><u>

	<p class="MsoNormal" align="center">&nbsp;</p>

	<hr size=2 width="100%" noshade color=navy align=center>


<font size="2">


<p align="center">


</div>
<br clear=all
style='page-break-before:always'>

<p class="MsoNormal" style="text-align: center">
</u><font size="2">PART I</font></b></p>
<p class="MsoNormal" align="center" style="text-align: center; line-height: 10.95pt; margin-bottom: 10.0pt">
<b>
<font size="2">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</font></b></p>
<p class="MsoNormal" style="text-align: justify; line-height: 10.95pt; margin-bottom: 10.0pt">

<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The information specified by Item 1 and Item 2 of Part I of Form
S-8 is omitted from this filing in accordance with the provisions of Rule 428
under the Securities Act of 1933 and the introductory note to Part I of Form
S-8. &nbsp;The documents containing the information specified in Part I will be
delivered to the participants in the plan covered by this Registration Statement
as required by Rule 428(b).</font></p>
<p class="MsoNormal" style="text-align: center"><b>
<font size="2">&nbsp;</font></b></p>
<p class="MsoNormal" style="text-align: center"><b>
<font size="2">PART II</font></b></p>
<p class="MsoNormal" align="center" style="text-align: center"><b>
<font size="2">INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT</font></b></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Registrant previously filed with the Securities
and Exchange Commission (the &quot;SEC&quot;) on February 7, 2002, a Registration
Statement on Form S-8 (Registration No. 333-82328) relating to securities
offered under the Stifel Financial Corp. 2001 Incentive Stock Plan, registering
an initial 2,000,000 shares for distribution, on June 2, 2003, Amendment No. 1
to Registration Statement on Form S&#8209;8 (Registration No. 333-105756) registering
an additional 1,300,000 shares for distribution under the Stifel
Financial Corp. 2001 Incentive Stock Plan, and on February 13, 2007, Amendment
No. 2 to Registration Statement on Form S-8 (Registration No. 333-140662)
registering an additional 2,000,000 shares for distribution under the Stifel
Financial Corp. 2001 Incentive Stock Plan. &nbsp;The
contents of such previously filed Registration Statements on Form S-8, including
exhibits thereto, are incorporated herein by reference, except to the extent
superseded or modified by the specific information set forth below or the
specific exhibits attached hereto.&nbsp; </font> </p>
<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">
<b><font size="2">Item 3.&nbsp;
Incorporation of Documents by Reference.</font></b></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The following documents,
which have been filed by Stifel Financial Corp. (the
&quot;Registrant&quot;) with the SEC pursuant to the Securities Exchange Act of 1934, as
amended are incorporated by reference herein and shall be deemed to be part
hereof:</font></p>
<p class="MsoNormal" style="text-align: justify; text-indent: -.5in; margin-left: 1.0in">
<font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;our
Annual Report on Form 10-K for the year ended December 31, 2008, filed with the
SEC on February 27, 2009;</font></p>
<p class="MsoNormal" style="text-align: justify; text-indent: -.5in; margin-left: 1.0in">
<font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp; our
Quarterly Report on Form 10-Q for the three month period ended March 31, 2009,
filed with the SEC on May 11, 2009;</font></p>
<p class="MsoNormal" style="text-align: justify; text-indent: -.5in; margin-left: 1.0in">
<font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp; our
Current Reports on Form 8-K filed with the SEC on March 23, 2009, May 11, 2009
and June 4, 2009 (except, in any such case, the portions furnished and not filed
pursuant to Item 2.02, Item 7.01 or otherwise);</font></p>
<p class="MsoNormal" style="text-align: justify; text-indent: -.5in; margin-left: 1.0in">
<font size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp; all
other reports filed by the Registrant pursuant to Sections 13 or 15(d) of the
Securities Exchange Act of 1934, as amended, since December 31, 2008; and</font></p>
<p class="MsoNormal" style="text-align: justify; text-indent: -.5in; margin-left: 1.0in">
<font size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp; the description of the Registrant's common stock
which is contained in the Registration Statement on Form 8-A, filed by the
Registrant on April 29, 1987, and any amendment or report filed for the purposes
of updating such description.</font></p>
<p class="MsoNormal" style="text-align: justify; text-autospace: none">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
All documents subsequently filed by the Registrant with the SEC pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act of 1934, prior to the
filing of a post-effective amendment to the Registration Statement which
indicates that all securities offered hereby have been sold or which deregisters
all securities then remaining unsold, shall be deemed to be incorporated by
reference in the Registration Statement and to be a part hereof from the date of
filing of such documents. </font> </p>
<p class="MsoNormal" style="text-align: justify; text-autospace: none">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Any statement, including financial statements, contained in a document
incorporated or deemed to be incorporated by reference herein shall be deemed to
be modified or superseded for purposes of this Registration Statement to the
extent that a statement contained herein or therein or in any other subsequently
filed document which also is or is deemed to be incorporated by reference herein
modifies or supersedes such statement. Any such statement so modified or
superseded shall not be deemed, except as so modified or superseded, to
constitute a part of this Registration Statement.</font></p>
<p class="MsoNormal" style="text-align: justify">
<b><font size="2">Item 4.&nbsp;
Description of Securities.</font></b></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The class of securities to be offered is registered under Section 12 of the
Exchange Act of 1934.&nbsp; </font> </p>
<p class="MsoNormal" style="text-align: justify">
<b><font size="2">Item 5.&nbsp;
Interests of Named Experts and Counsel.</font></b></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Not applicable.</font></p>

<p class=MsoFooter align="center"><font size="2">&nbsp;
</font>
<hr size=2 width="100%" noshade color=navy align=center>

<font size="2">

<br clear=all
style='page-break-before:always'>

</font>

<b><font size="2">Item 6.&nbsp;
Indemnification of Directors and Officers.</font></b></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following is a summary of Section 145 of the General Corporation Law of the
State of Delaware (the &quot;DGCL&quot;).</font></p>
<p class="MsoNormal" style="text-align: justify">

<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Subject to restrictions contained in the DGCL, a corporation may indemnify any
person, who was or is a party or is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding by reason of the
fact that he is or was a director, officer, employee or agent of the
corporation, or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise, against expenses (including attorney's
fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred in connection therewith if such person acted in good faith and in a
manner such person reasonably believed to be in or not opposed to the best
interests of the corporation, and, in connection with any criminal action or
proceeding, had no reasonable cause to believe that such person's conduct was
unlawful. A present or former director or officer who is successful on the
merits or otherwise in any suit or matter covered by the indemnification
statute, shall be indemnified and indemnification is otherwise authorized upon a
determination that the person to be indemnified has met the applicable standard
of conduct required. Such determination shall be made by a majority vote of the
board of directors who were not parties to such action, suit or proceeding, even
though less than a quorum, a committee of such directors designated by majority
vote of such directors, even though less than a quorum, or if there are no such
directors, or if such directors so direct, by special independent counsel in a
written opinion, or by the shareholders. Expenses incurred in defense may be
paid in advance upon receipt by the corporation of a written undertaking by or
on behalf of the recipient to repay such amount if it is ultimately determined
that the recipient is not entitled to indemnification under the statute. The
indemnification provided by statute is not exclusive of any other rights to
which those seeking indemnification may be entitled under any by-law, agreement,
vote of shareholders or disinterested directors or otherwise, and shall inure to
the benefit of the heirs, executors and administrators of such person. Insurance
may be purchased on behalf of any person entitled to indemnification by the
corporation against any liability asserted against him or her and incurred in an
official capacity regardless of whether the person could be indemnified under
the statute. References to the corporation include all constituent corporations
absorbed in a consolidation or merger as well as the resulting corporation, and
anyone seeking indemnification by virtue of acting in some capacity with a
constituent corporation would stand in the same position as if such person had
served the resulting or surviving corporation in the same capacity.</font></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Registrant's Restated Certificate of Incorporation, as amended, provides
generally that a director shall not be personally liable to the corporation or
its shareholders for monetary damages for breach of fiduciary duty as a
director, except for liability (i) for any breach of the director's duty of
loyalty to the corporation or its shareholders, (ii) for acts or omissions not
in good faith which involve intentional misconduct or a knowing violation of
law, (iii) under Section 174 of the DGCL, or (iv) for any transaction from which
the director derived an improper personal benefit.</font></p>
<p class="MsoNormal" style="text-align: justify">

<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Section 6.4 of the Registrant's Amended and Restated By-Laws provides for
indemnification by the Registrant of each person who is or was a director,
officer or employee of the Registrant (or is or was serving as a director,
officer or employee of any other enterprise at the request of the Registrant) to
the full extent authorized by law. Certain of the directors also have
indemnification agreements with the Registrant which provide for indemnification
to the full extent permitted by the DGCL or by any amendment thereof or any
other statutory provisions authorizing or permitting indemnification.</font></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, the DGCL authorize the Registrant to purchase insurance for its
directors and officers insuring them against certain risks as to which the
Registrant may be unable lawfully to indemnify them. The Registrant has
purchased insurance coverage for its directors and officers as well as insurance
coverage to reimburse itself for potential costs of corporate indemnification of
its directors and officers.</font></p>
<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">
<b><font size="2">Item 7.&nbsp;
Exemption From Registration Claimed.</font></b></p>
<p class="MsoNormal">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Not applicable.</font></p>
<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">
<b><font size="2">Item 8. &nbsp;Exhibits.</font></b></p>
<p class="MsoNormal">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
See Exhibit Index.</font></p>
<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">
&nbsp;<p class="smfTitleCenBld">
<p class=MsoFooter align="center"><font size="2">2&nbsp;

</font>

<hr size=2 width="100%" noshade color=navy align=center>



<font size="2">



<br clear=all

style='page-break-before:always'>

</font>

<b><font size="2">Item 9.&nbsp;
Undertakings.</font></b></p>
<p class="MsoNormal" style="text-align: justify; text-indent: 0in; text-autospace: none; margin-bottom: 12.0pt">
<font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned Registrant hereby undertakes: </font> </p>
<p class="MsoNormal" style="text-align: justify; text-indent: .4in; text-autospace: none; margin-right: 0in; margin-top: 0in; margin-bottom: 12.0pt">
<font size="2">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
file, during any period in which offers and sales are being made, a
post-effective amendment to this registration statement:</font></p>
<p class="MsoNormal" style="text-align: justify; text-indent: -.5in; text-autospace: none; margin-left: 1.3in; margin-right: 0in; margin-top: 0in; margin-bottom: 12.0pt">
<font size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
include any prospectus required by Section 10(a)(3) of the Securities Act of
1933;</font></p>
<p class="MsoNormal" style="text-align: justify; text-indent: -.5in; text-autospace: none; margin-left: 1.3in; margin-right: 0in; margin-top: 0in; margin-bottom: 12.0pt">
<font size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
reflect in the prospectus any facts or events arising after the effective date
of the registration statement (or the most recent post-effective amendment
thereof), which, individually or in the aggregate, represent a fundamental
change in the information set forth in the registration statement.&nbsp;
Notwithstanding the foregoing, any increase or decrease in the volume of
securities offered (if the total dollar value of securities offered would not
exceed that which was registered) and any deviation from the low or high and the
estimated maximum offering range may be reflected in the form of prospectus
filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in
volume and price represent no more than a 20 percent change in the maximum
aggregate offering price set forth in the "Calculation of Registration Fee"
table in the effective registration statement; </font> </p>
<p class="MsoNormal" style="text-align: justify; text-indent: -.5in; text-autospace: none; margin-left: 1.3in; margin-right: 0in; margin-top: 0in; margin-bottom: 12.0pt">
<font size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp; To
include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to
such information in this Registration Statement; </font> </p>
<p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: 12.0pt">
<i><font size="2">provided,
however, that</font></i><font size="2"></i>
paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to
be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the SEC by the Registrant pursuant
to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are
incorporated by reference in this Registration Statement.</font></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .4in; text-autospace: none; margin-bottom: 12.0pt">
<font size="2">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
That, for the purpose of determining any liability under the Securities Act of
1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.</font></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .4in; text-autospace: none; margin-bottom: 12.0pt">
<font size="2">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To
remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering. </font> </p>
<p class="MsoNormal" style="text-align: justify; text-indent: 0in; text-autospace: none; margin-bottom: 12.0pt">
<font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the Registrant's
annual report pursuant to Section 13(a) or Section 15(d) of the Securities
Exchange Act of 1934 (and, where applicable, each filing of an employee benefit
plan's annual report pursuant to Section 15(d) of the Securities Exchange Act of
1934) that is incorporated by reference in this Registration Statement shall be
deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.</font></p>
<p class="MsoNormal" style="text-align: justify; text-indent: 0in; text-autospace: none; margin-bottom: 12.0pt">
<font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Insofar as indemnification for liabilities arising under the Securities Act of
1933 may be permitted to directors, officers and controlling persons of the
Registrant pursuant to the foregoing provisions, or otherwise, the Registrant
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Securities Act
of 1933 and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities
Act of 1933 and will be governed by the final adjudication of such issue.</font></p>

&nbsp;<p class="smfTitleCenBld">
<p class=MsoFooter align="center"><font size="2">3&nbsp;

</font>

<hr size=2 width="100%" noshade color=navy align=center>



<font size="2">



<br clear=all

style='page-break-before:always'>
</font>
<p align="center">

<b><font size="2">SIGNATURES</font></b></p>
</p>

<p class=MsoNormal style='margin-bottom:12.0pt;text-align:justify;text-indent:
0in'><i><font size="2">The Registrant.</font></i><font size="2">&nbsp; </font> <a name="_DocXamine_Paragraphs100_22">
<font size="2">Pursuant
to the requirements of the Securities Act of 1933, Stifel Financial Corp.
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of St. Louis, State of Missouri on July 10, 2009.</font></a></p>

<p class=MsoNormal style='margin-left:4.0in'><b><font size="2">STIFEL FINANCIAL CORP.<br>
</font>
</b><font size="2">(Registrant)</font></p>

<p class=MsoNormal style='margin-left:4.0in'><font size="2">By:</font><u><font size="2">&nbsp
/s/Ronald J. Kruszewski&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> </u></p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;
margin-left:4.25in'><font size="2">Ronald J. Kruszewski<br>
</font>
<i><font size="2">Chairman, President and Chief Executive Officer</font></i></p>

<p class=MsoFooter align="center">&nbsp;<p class=MsoFooter align="center">
<font size="2">4&nbsp;

</font>

<hr size=2 width="100%" noshade color=navy align=center>

</p>
<font size="2">
<br clear=all
style='page-break-before:always'>

</font>

<p class=MsoNormal align=center style='margin-top:.25in;margin-right:0in;
margin-bottom:12.0pt;margin-left:0in;text-align:center'><b>

<font size="2">POWER OF ATTORNEY</font></b></p>

<p class=MsoNormal style='margin-bottom:6.0pt;text-align:justify;text-indent:
0in'><font size="2">We, the undersigned officers and directors of Stifel Financial Corp., hereby severally and individually constitute and appoint Ronald J. Kruszewski and James M. Zemlyak and each of them, the true and lawful attorneys and agents of each of us to execute in the name, place and stead of each of us (individually and in any capacity stated below) any and all amendments to this Registration Statement on Form S-8 and all instruments necessary or advisable in connection therewith and to file the same with the Securities and Exchange Commission, each of said attorneys and agents to have the power to act with or without the other and to have full power and authority to do and perform in the name and on behalf of each of the undersigned every act whatsoever necessary or advisable to be done in the premises as fully and to all intents and purposes as any of the undersigned might or could do in person, and we hereby ratify and confirm our signatures as they may be signed by our said attorneys and agents and each of them to any and all such amendments and instruments.</font></p>

<p class=MsoNormal style='margin-bottom:6.0pt;text-align:justify;text-indent:
0in'><font size="2">Pursuant to the requirements of the
Securities Act of 1933,as amended, this Registration Statement has been signed
by the following persons in the capacities and on the dates indicated:&nbsp;

</font>

</p><div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=654
 style='width:490.4pt;border-collapse:collapse;border-collapse:collapse !msorm'>
 <tr>
  <td width=263 valign=top style='width:197.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm'>
  <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center'><b>
  <font size="2">
  <br>
  </font>
  <u><font size="2">Signature</font></u></b></p>
  </td>
  <td valign=top style='width:257px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center'><b>
  <font size="2">
  <br>
  </font>
  <u><font size="2">Title</font></u></b></p>
  </td>
  <td valign=top style='width:107px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center'><b>
  <font size="2">
  <br>
  </font>
  <u><font size="2">Date</font></u></b></p>
  </td>
 </tr>
 <tr>
  <td width=263 valign=top style='width:197.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm'>
  <p class=MsoNormal><a name="_DocXamine_Paragraphs111_22"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/&nbsp; Ronald J. Kruszewski</font></u></a><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;
	</font> </u></p>
  </td>
  <td rowspan=2 valign=top style='width:257px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal style='margin-bottom:12.0pt'><font size="2">Chairman
  of the Board, President, Chief Executive Officer (Principal Executive
  Officer), and Director</font></p>
  </td>
  <td valign=top style='width:107px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal><font size="2">July 10, 2009</font></p>
  </td>
 </tr>
 <tr style='height:34.2pt' style='height:34.2pt !msorm'>
  <td width=263 valign=top style='width:197.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm;
  height:34.2pt'>
  <p class=MsoNormal style='margin-bottom:12.0pt'><a
  name="_DocXamine_Paragraphs114_22"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ronald
  J. Kruszewski</font></a></p>
  </td>
  <td valign=top style='width:107px;height:34.2pt; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
 </tr>
 <td width=263 valign=top style='width:197.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm'>
  <p class=MsoNormal><a name="_DocXamine_Paragraphs111_22"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/&nbsp;
	James M. Zemlyak</font></u></a><u><font size="2">&nbsp; &nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;
	</font> </u></p>
  </td>
  <td rowspan=2 valign=top style='width:257px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class="MsoNormal" style="margin-bottom: 12.0pt"><font size="2">Senior Vice President,
	Chief Financial Officer, Treasurer (Principal Financial and Accounting
	Officer), and Director</font></td>
  <td valign=top style='width:107px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal><font size="2">July 10, 2009</font></p>
  </td>
 </tr>
 <tr style='height:34.2pt' style='height:34.2pt !msorm'>
  <td width=263 valign=top style='width:197.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm;
  height:34.2pt'>
  <p class=MsoNormal style='margin-bottom:12.0pt'><a
  name="_DocXamine_Paragraphs114_22"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	James M. Zemlyak</font></a></p>
  </td>
  <td valign=top style='width:107px;height:34.2pt; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
 </tr>
 <td width=263 valign=top style='width:197.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm'>
  <p class=MsoNormal><a name="_DocXamine_Paragraphs111_22"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/&nbsp;
	Bruce A. Beda </font> </u></a><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> </u></p>
  </td>
  <td rowspan=2 valign=top style='width:257px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class="MsoNormal" style="margin-bottom: 12.0pt"><font size="2">Director</font></td>
  <td valign=top style='width:107px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal><font size="2">July 10, 2009</font></p>
  </td>
 </tr>
 <tr style='height:34.2pt' style='height:34.2pt !msorm'>
  <td width=263 valign=top style='width:197.4pt;height:35px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal style='margin-bottom:12.0pt'><a
  name="_DocXamine_Paragraphs114_22"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Bruce A. Beda</font></a></p>
  </td>
  <td valign=top style='width:107px;height:35px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
 <tr>
 <td width=263 valign=top style='width:197.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm'>
  <p class=MsoNormal><a name="_DocXamine_Paragraphs111_23"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	/s/&nbsp; Charles A. Dill </font> </u></a><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;
	</font> </u></p>
  </td>
  <td rowspan=2 valign=top style='width:257px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class="MsoNormal" style="margin-bottom: 12.0pt"><font size="2">Director</font></td>
  <td valign=top style='width:107px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal><font size="2">July 10, 2009</font></p>
  </td>
 </tr>
	<tr>
  <td width=263 valign=top style='width:197.4pt;height:36px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal style='margin-bottom:12.0pt'>
	<a
  name="_DocXamine_Paragraphs114_23"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Charles A. Dill</font></a></p>
  </td>
  <td valign=top style='width:107px;height:36px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
 </tr>
	<tr>
 <td width=263 valign=top style='width:197.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm'>
  <p class=MsoNormal><a name="_DocXamine_Paragraphs111_24"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	/s/&nbsp; John P. Dubinsky </font> </u></a><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;
	</font> </u></p>
  </td>
  <td rowspan=2 valign=top style='width:257px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class="MsoNormal" style="margin-bottom: 12.0pt"><font size="2">Director</font></td>
  <td valign=top style='width:107px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal><font size="2">July 10, 2009</font></p>
  </td>
 </tr>
	<tr>
  <td width=263 valign=top style='width:197.4pt;height:35px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal style='margin-bottom:12.0pt'>
	<a
  name="_DocXamine_Paragraphs114_24"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	John P. Dubinsky</font></a></p>
  </td>
  <td valign=top style='width:107px;height:35px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
 </tr>
	<tr>
 <td width=263 valign=top style='width:197.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm'>
  <p class=MsoNormal><a name="_DocXamine_Paragraphs111_25"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	/s/&nbsp; Richard F. Ford </font> </u></a><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;
	</font> </u></p>
  </td>
  <td rowspan=2 valign=top style='width:257px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class="MsoNormal" style="margin-bottom: 12.0pt"><font size="2">Director</font></td>
  <td valign=top style='width:107px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal><font size="2">July 10, 2009</font></p>
  </td>
 </tr>
	<tr>
  <td width=263 valign=top style='width:197.4pt;height:35px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal style='margin-bottom:12.0pt'>
	<a
  name="_DocXamine_Paragraphs114_25"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Richard F. Ford</font></a></p>
  </td>
  <td valign=top style='width:107px;height:35px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
 </tr>
	<tr>
 <td width=263 valign=top style='width:197.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm'>
  <p class=MsoNormal><a name="_DocXamine_Paragraphs111_26"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	/s/&nbsp; Fredrick O. Hanser</font></u></a><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;
	</font> </u></p>
  </td>
  <td rowspan=2 valign=top style='width:257px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class="MsoNormal" style="margin-bottom: 12.0pt"><font size="2">Director</font></td>
  <td valign=top style='width:107px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal><font size="2">July 10, 2009</font></p>
  </td>
 </tr>
	<tr>
  <td width=263 valign=top style='width:197.4pt;height:35px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal style='margin-bottom:12.0pt'>
	<a
  name="_DocXamine_Paragraphs114_26"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Fredrick O. Hanser</font></a></p>
  </td>
  <td valign=top style='width:107px;height:35px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
 </tr>
	<tr>
 <td width=263 valign=top style='width:197.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm'>
  <p class=MsoNormal><a name="_DocXamine_Paragraphs111_27"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	/s/&nbsp; Richard J. Himelfarb</font></u></a><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> </u></p>
  </td>
  <td rowspan=2 valign=top style='width:257px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class="MsoNormal" style="margin-bottom: 12.0pt"><font size="2">Director</font></td>
  <td valign=top style='width:107px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal><font size="2">July 10, 2009</font></p>
  </td>
 </tr>
	<tr>
  <td width=263 valign=top style='width:197.4pt;height:36px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal style='margin-bottom:12.0pt'>
	<a
  name="_DocXamine_Paragraphs114_27"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Richard J. Himelfarb</font></a></p>
  </td>
  <td valign=top style='width:107px;height:36px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
 </tr>
	<tr>
 <td width=263 valign=top style='width:197.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm'>
  <p class=MsoNormal><a name="_DocXamine_Paragraphs111_28"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	/s/&nbsp; Robert E. Lefton </font> </u></a><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;
	</font> </u></p>
  </td>
  <td rowspan=2 valign=top style='width:257px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class="MsoNormal" style="margin-bottom: 12.0pt"><font size="2">Director</font></td>
  <td valign=top style='width:107px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal><font size="2">July 10, 2009</font></p>
  </td>
 </tr>
	<tr>
  <td width=263 valign=top style='width:197.4pt;height:36px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal style='margin-bottom:12.0pt'>
	<a
  name="_DocXamine_Paragraphs114_28"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Robert E. Lefton</font></a></p>
  </td>
  <td valign=top style='width:107px;height:36px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
 </tr>
	<tr>
 <td width=263 valign=top style='width:197.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm'>
  <p class=MsoNormal><a name="_DocXamine_Paragraphs111_29"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	/s/&nbsp; Scott B. McCuaig </font> </u></a><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;
	</font> </u></p>
  </td>
  <td rowspan=2 valign=top style='width:257px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class="MsoNormal" style="margin-bottom: 12.0pt"><font size="2">Director</font></td>
  <td valign=top style='width:107px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal><font size="2">July 10, 2009</font></p>
  </td>
 </tr>
	<tr>
  <td width=263 valign=top style='width:197.4pt;height:36px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal style='margin-bottom:12.0pt'>
	<a
  name="_DocXamine_Paragraphs114_29"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Scott B. McCuaig</font></a></p>
  </td>
  <td valign=top style='width:107px;height:36px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
 </tr>
	<tr>
 <td width=263 valign=top style='width:197.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm'>
  <p class=MsoNormal><a name="_DocXamine_Paragraphs111_30"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	/s/&nbsp; Thomas P. Mulroy </font> </u></a><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;
	</font> </u></p>
  </td>
  <td rowspan=2 valign=top style='width:257px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class="MsoNormal" style="margin-bottom: 12.0pt"><font size="2">Director</font></td>
  <td valign=top style='width:107px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal><font size="2">July 10, 2009</font></p>
  </td>
 </tr>
	<tr>
  <td width=263 valign=top style='width:197.4pt;height:36px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal style='margin-bottom:12.0pt'>
	<a
  name="_DocXamine_Paragraphs114_30"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Thomas P. Mulroy</font></a></p>
  </td>
  <td valign=top style='width:107px;height:36px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
 </tr>
	<tr>
 <td width=263 valign=top style='width:197.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm'>
  <p class=MsoNormal><a name="_DocXamine_Paragraphs111_31"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	/s/&nbsp; James M. Oates </font> </u></a><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;
	</font> </u></p>
  </td>
  <td rowspan=2 valign=top style='width:257px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class="MsoNormal" style="margin-bottom: 12.0pt"><font size="2">Director</font></td>
  <td valign=top style='width:107px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal><font size="2">July 10, 2009</font></p>
  </td>
 </tr>
	<tr>
  <td width=263 valign=top style='width:197.4pt;height:35px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal style='margin-bottom:12.0pt'>
	<a
  name="_DocXamine_Paragraphs114_31"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	James M. Oates</font></a></p>
  </td>
  <td valign=top style='width:107px;height:35px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
 </tr>
	<tr>
 <td width=263 valign=top style='width:197.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm'>
  <p class=MsoNormal><a name="_DocXamine_Paragraphs111_32"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	/s/&nbsp; Ben A. Plotkin </font> </u></a><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;
	</font> </u></p>
  </td>
  <td rowspan=2 valign=top style='width:257px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class="MsoNormal" style="margin-bottom: 12.0pt"><font size="2">Director</font></td>
  <td valign=top style='width:107px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal><font size="2">July 10, 2009</font></p>
  </td>
 </tr>
	<tr>
  <td width=263 valign=top style='width:197.4pt;height:35px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal style='margin-bottom:12.0pt'>
	<a
  name="_DocXamine_Paragraphs114_32"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Ben A. Plotkin</font></a></p>
  </td>
  <td valign=top style='width:107px;height:35px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
 </tr>
	<tr>
 <td width=263 valign=top style='width:197.4pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm'>
  <p class=MsoNormal><a name="_DocXamine_Paragraphs111_33"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	/s/&nbsp; Kelvin R. Westbrook</font></u></a><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;
	</font> </u></p>
  </td>
  <td rowspan=2 valign=top style='width:257px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class="MsoNormal" style="margin-bottom: 12.0pt"><font size="2">Director</font></td>
  <td valign=top style='width:107px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal><font size="2">July 10, 2009</font></p>
  </td>
 </tr>
	<tr>
  <td width=263 valign=top style='width:197.4pt;height:35px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p class=MsoNormal style='margin-bottom:12.0pt'>
	<a
  name="_DocXamine_Paragraphs114_33"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Kelvin R. Westbrook</font></a></p>
  </td>
  <td valign=top style='width:107px;height:35px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
 </tr>
</table>

<p class=MsoFooter align="center"><font size="2">5&nbsp;

</font>

<hr size=2 width="100%" noshade color=navy align=center>

</p>
<font size="2">
<br clear=all
style='page-break-before:always'>
</font>
<p align="center"><b><font size="2">EXHIBIT INDEX</font></b></p>
<p class="MsoNormal" style="text-align: justify">
&nbsp;</p>
<div align=center>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse: collapse" id="table3" width="692">

		<tr>
			<td width="86" valign="top" style="width: .9in; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
			<p class="MsoNormal" align="center" style="text-align: center"><b>
			<u>
			<font size="2">Exhibit No.</font></u></b></td>
			<td valign="top" style="width: 578px; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
			<p class="MsoNormal" align="center" style="text-align: center">&nbsp;</td>
		</tr>

	<tr>
		<td width="86" valign="top" style="width: .9in; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" align="center" style="text-align: center">
		&nbsp;</p>
		<p class="MsoNormal" align="center" style="text-align: center">
		<font size="2">4.1*</font></td>
		<td valign="top" style="width: 578px; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" style="text-align: justify">
		&nbsp;</p>
		<p class="MsoNormal" style="text-align: justify">
		<font size="2">Restated
		Certificate of Incorporation of the Registrant, as amended.</font></p></td>
	</tr>
	<tr>
		<td width="86" valign="top" style="width: .9in; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" align="center" style="text-align: center">
		&nbsp;</p>
		<p class="MsoNormal" align="center" style="text-align: center">
		<font size="2">4.2</font></td>
		<td valign="top" style="width: 578px; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" style="text-align: justify">
		&nbsp;</p>
		<p class="MsoNormal" style="text-align: justify">
		<font size="2">Amended
		and Restated By-laws of the Registrant, incorporated herein by reference
		to Exhibit 3.(b)(1) to the Registrant's Annual Report on Form 10-K for
		the fiscal year ended July 30, 1993. </font> </p>
		</td>
	</tr>
	<tr>
		<td width="86" valign="top" style="width: .9in; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" align="center" style="text-align: center; page-break-after: avoid">
		&nbsp;</p>
		<p class="MsoNormal" align="center" style="text-align: center; page-break-after: avoid">
		<font size="2">4.3</font></td>
		<td valign="top" style="width: 578px; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">
		&nbsp;</p>
		<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">

		<font size="2">Registration Rights Agreement, dated February 28, 2007 of the
		Registrant, incorporated herein by reference to the Registrant's Current
		Report on Form 8-K/A filed on March 6, 2007.</font></p>
		</td>
	</tr>
	<tr>
		<td width="86" valign="top" style="width: .9in; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" align="center" style="text-align: center; page-break-after: avoid">
		&nbsp;</p>
		<p class="MsoNormal" align="center" style="text-align: center; page-break-after: avoid">
		<font size="2">4.4</font></td>
		<td valign="top" style="width: 578px; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">
		&nbsp;</p>
		<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">
		<font size="2">Specimen
		Stock Certificate, incorporated herein by reference to Exhibit 7 to the
		Registrant's Registration Statement on Form 8-A filed April 29, 1987.</font></p>
		</td>
	</tr>
	<tr>
		<td width="86" valign="top" style="width: .9in; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" align="center" style="text-align: center; page-break-after: avoid">
		&nbsp;</p>
		<p class="MsoNormal" align="center" style="text-align: center; page-break-after: avoid">
		<font size="2">5.1*</font></p></td>
		<td valign="top" style="width: 578px; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">
		&nbsp;</p>
		<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">
		<font size="2">Opinion of
		Thompson Coburn LLP as to the legality of the securities being
		registered.</font></p>
		</td>
	</tr>
	<tr>
		<td width="86" valign="top" style="width: .9in; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" align="center" style="text-align: center; page-break-after: avoid">
		&nbsp;</p>
		<p class="MsoNormal" align="center" style="text-align: center; page-break-after: avoid">
		<font size="2">23.1*</font></p></td>
		<td valign="top" style="width: 578px; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">
		&nbsp;</p>
		<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">
		<font size="2">Consent of
		Thompson Coburn LLP (included in Exhibit 5.1).</font></p></td>
	</tr>
	<tr>
		<td width="86" valign="top" style="width: .9in; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" align="center" style="text-align: center; page-break-after: avoid">
		&nbsp;</p>
		<p class="MsoNormal" align="center" style="text-align: center; page-break-after: avoid">
		<font size="2">23.2*</font></p></td>
		<td valign="top" style="width: 578px; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">
		&nbsp;</p>
		<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">
		<font size="2">Consent of
		Ernst &amp; Young LLP.</font></td>
	</tr>
	<tr>
		<td width="86" valign="top" style="width: .9in; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" align="center" style="text-align: center; page-break-after: avoid">
		&nbsp;</p>
		<p class="MsoNormal" align="center" style="text-align: center; page-break-after: avoid">
		<font size="2">23.3*</font></p></td>
		<td valign="top" style="width: 578px; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">
		&nbsp;</p>
		<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">
		<font size="2">Consent of
		Deloitte &amp; Touche LLP.</font></td>	</tr>
	<tr>
		<td width="86" valign="top" style="width: .9in; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" align="center" style="text-align: center; page-break-after: avoid">
		&nbsp;</p>
		<p class="MsoNormal" align="center" style="text-align: center; page-break-after: avoid">
		<font size="2">24.1*</font></p>
		<td valign="top" style="width: 578px; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">
		&nbsp;</p>
		<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">
		<font size="2">Power of
		Attorney (set forth on signature page hereto).</font></p></td>
	</tr>
	<tr>
		<td width="86" valign="top" style="width: .9in; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" align="center" style="text-align: center">
		&nbsp;</p>
		<p class="MsoNormal" align="center" style="text-align: center">
		<font size="2">99.1</font></td>
		<td valign="top" style="width: 578px; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" style="text-align: justify">
		&nbsp;</p>
		<p class="MsoNormal" style="text-align: justify">
		<font size="2">Stifel Financial Corp. 2001 Incentive Stock Plan, as restated and
		amended, filed as Annex B to the Registrant's
		Definitive
		Proxy Statement for the 2008 Annual Meeting of Shareholders filed on
		April 29, 2008 and incorporated herein by
		reference. </font> </td>
	</tr>
	<tr>
		<td width="86" valign="top" style="width: .9in; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		&nbsp;</td>
		<td valign="top" style="width: 578px; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" align="center">
		<p class="MsoNormal" style="text-align: justify; page-break-after: avoid">
		&nbsp;</p>
		<p align="left"><font size="2">* Filed herewith.</font></td>
	</tr>
</table>

<p class=MsoNormal style='margin-left:4.0in' align="justify"><font size="2"><br>
</font>
<p style="line-height: 12.0pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">
&nbsp;</p>

<p class=MsoFooter align="center"><font size="2">6&nbsp;

</font>

<hr size=2 width="100%" noshade color=navy align=center>

</p>
</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4
<SEQUENCE>2
<FILENAME>rexv4x1.htm
<DESCRIPTION>RESTATED CERTIFICATE OF INCORPORATION
<TEXT>
<html>

<head>
<meta "Content-Type" content="text/html; charset=windows-1252">
<title>RESTATED CERTIFICATE OF INCORPOR</title>
</head>

<body>

<p class="MsoNormal" align="center" style="text-align: right"><b><font size="2">Exhibit
4.</font></b><font size="2"><b>1</b></font></p>
<p class="MsoNormal" align="center" style="text-align: center"><b>
<font size="2">RESTATED
CERTIFICATE OF INCORPORATION<br>
OF<br>
STIFEL FINANCIAL CORP.</font></b></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">STIFEL FINANCIAL CORP., a corporation organized
December 31, 1981 under the name of SN Alliance, Inc. and existing under and by
virtue of the General Corporation Law of Delaware, as amended, does hereby
restate its Certificate of Incorporation:</font></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">FIRST: The name of the Corporation is STIFEL
FINANCIAL CORP.</font></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">SECOND: Its registered office in the State of
Delaware is located at 100 West Tenth Street, Wilmington, New Castle County,
Delaware 19801. The name and address of its registered agent is The Corporation
Trust Company, 100 West Tenth Street, Wilmington, Delaware, 19801.</font></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">THIRD: The purpose of the Corporation is to
engage in any lawful act or activity for which corporations may be organized
under the General Corporation Law of the State of Delaware.</font></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">FOURTH:</font></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">A. The aggregate shares of all classes of
stock which the Corporation shall have authority to issue is Thirteen Million
(13,000,000) shares, consisting of Three Million (3,000,000) shares of preferred
stock of the par value of One Dollar ($1.00) each (hereinafter called the
&quot;Preferred Stock&quot;) and Ten Millions (10,000,000) shares of common stock of the
par value of Fifteen Cents ($0.15) each (hereinafter called the &quot;Common Stock&quot;).</font></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">B. Any number of shares of the 3,000,000
shares of Preferred Stock may be issued from time to time in one or more series
of Preferred Stock. The designations, the relative preferences and
participating, optional and other special rights, and the qualifications,
limitations or restrictions of other series, if any, may differ from those of
any and all other series, and the Board of Directors is hereby expressly
authorized to fix by resolution or resolutions prior to the issuance of any
shares of any series of the Preferred Stock, the designation, preferences,
relative, participating, optional and other special rights or the
qualifications, limitations or restrictions of such series, including without
limiting the generality of the foregoing, the following:</font></p>
<font size="2"><p class=MsoFooter align="center"><font size="2">&nbsp;

</font>

<hr size=2 width="100%" noshade color=navy align=center>

<font size="2">

<br clear="all" style="page-break-before: always">
</font>
ii.&nbsp;&nbsp;&nbsp; The date and time at which, and the terms
and conditions on which, dividends on such series of Preferred Stock shall be
paid;</font></p>
<p class="MsoNormal" style="text-align: justify; margin-left: .25in">
<font size="2">iii.&nbsp;&nbsp; The right, if any of the holders of
shares of such series of Preferred Stock to vote and the manner of voting,
except as may otherwise be provided by the General Corporation Law of the State
of Delaware;</font></p>
<p class="MsoNormal" style="text-align: justify; margin-left: .25in">
<font size="2">iv.&nbsp;&nbsp; The right, if any, of the holders of
shares of such series of Preferred Stock to convert the same into or exchange
the same for other classes of stock of the Corporation and the terms and
conditions for such conversion and exchange;</font></p>
<p class="MsoNormal" style="text-align: justify; margin-left: .25in">
<font size="2">v.&nbsp;&nbsp; The redemption price or prices and the time
at which, and the terms and conditions on which, the shares of such series of
Preferred Stock may be redeemed;</font></p>
<p class="MsoNormal" style="text-align: justify; margin-left: .25in">
<font size="2">vi.&nbsp;&nbsp; The rights of the holders of shares of
such series of Preferred Stock upon the voluntary or involuntary liquidation,
distribution, or sale of assets, dissolution or winding up of the Corporation,
and;</font></p>
<p class="MsoNormal" style="text-align: justify; margin-left: .25in">
<font size="2">vii.&nbsp; The terms of the sinking fund or
redemption or purchase account, if any, to be provided for such series of
Preferred Stock.</font></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">C. Subject to the provisions of the Preferred
Stock, dividends payable on the Common Stock of the Corporation is cash or
otherwise may be declared and paid on the shares of the Common Stock of the
Corporation from time to time out of any funds or property legally available
therefore, and in the event of any such declaration or payment the holders of
Common Stock of the Corporation shall be entitled, to the exclusion of the
holders of the Preferred Stock, to share therein.</font></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">D. In the event of any liquidation, dissolution
or winding up of the Corporation, after distribution and payment in full shall
have been made to the holders of the Preferred Stock in accordance with the
terms thereof, the remainder of the assets, if any, of the Corporation shall be
distributed pro rata among the holders of the Common Stock of the Corporation.</font></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">E. The holders of the Common Stock shall,
subject to the provisions of the By-laws of the Corporation and the General
Corporation Law of the State of Delaware relating to the fixing of a record
date, be entitled to one vote for each share held by them respectively in the
election of directors and for all other purposes.</font></p>
<font size="2"><p class=MsoFooter align="center">2&nbsp;

<hr size=2 width="100%" noshade color=navy align=center>

<font size="2">

<br clear="all" style="page-break-before: always">
</font>
FIFTH: No stock or other security of the
Corporation shall carry with it and no owner of any share or shares of stock or
other security or securities of the Corporation shall be entitled to any
preferential or pre-emptive right whatsoever to acquire additional shares of
stock or of any other security of the Corporation.</font></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">SIXTH: The Board of Directors of the Corporation
shall have the power to make, alter, amend or repeal the By-laws of the
Corporation.</font></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">SEVENTH: The election of directors need not be
by written ballot unless the By-laws shall so provide.</font></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">Said Restated Certificate of Incorporation has
been duly adopted by the board of directors of the Corporation in accordance
with the provisions of Section 245 of the General Corporation Law of Delaware,
as amended.</font></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">IN WITNESS WHEREOF, said STIFEL FINANCIAL CORP.
has caused the corporate seal to be hereunto affixed and this certificate to be
signed by George H. Walker III, its President and John J. Goebel, its Secretary,
this 31<sup>st</sup> day of May, 1983.</font></p>
<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;
margin-left:3.0in'>
<font size="2">STIFEL FINANCIAL CORP.</font></p>
<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;
margin-left:3.0in'>
&nbsp;</p>
<p class=MsoNormal style='margin-left:3.0in'>
<font size="2">By:</font><u><font size="2">&nbsp
/s/George H. Walker III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> </u></p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;
margin-left:3.25in'><font size="2">George H. Walker III<br>
</font>
<i><font size="2">President and Chief Executive Officer</font></i></p>

<p class="MsoNormal" style="margin-left:3.0in">
<font size="2">ATTESTED:</font></p>

<p class=MsoNormal style='margin-left:3.0in'>&nbsp;</p>
<p class=MsoNormal style='margin-left:3.0in'><font size="2">By:</font><u><font size="2">&nbsp
/s/John J. Goebel&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> </u></p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;
margin-left:3.25in'><font size="2">John J. Goebel<br>
</font>
<i><font size="2">Secretary</font></i></p>

<p class=MsoFooter align="center"><font size="2">3&nbsp;

</font>

<hr size=2 width="100%" noshade color=navy align=center>

<font size="2">

<br clear="all" style="page-break-before: always">
</font>
<p class="MsoNormal" align="center" style="text-align: center"><b>
<font size="2">CERTIFICATE OF AMENDMENT<br>
OF<br>
CERTIFICATE OF INCORPORATION<br>
OF<br>
STIFEL FINANCIAL CORP.</font></b></p>


<p class="MsoNormal" style="text-align: justify">
<font size="2">STIFEL FINANCIAL CORP., a corporation organized
and existing under and by virtue of the General Corporation Law of Delaware, as
amended, DOES HEREBY CERTIFY:</font></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">FIRST: That each member of the Board of
Directors of STIFEL FINANCIAL CORP., has given written consent to the adoption
of a resolution setting forth the proposed amendment to the Restated Certificate
of Incorporation of said Corporation and declaring said amendment advisable and
calling for the presentation of said proposed amendment to the voting
stockholders of said Corporation for consideration thereof and consent thereto.
The resolutions setting forth the proposed amendments are as follows:</font></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">RESOLVED, that subject to approval by the
stockholders, the Restated Certificate of Incorporation of the Corporation be
amended by adding a new Article Eight as follows:</font></p>

<p class="MsoNormal" style="text-align: justify; margin-left: .25in">
<font size="2">&quot;EIGHTH:</font></p>

<p class="MsoNormal" style="text-align: justify; margin-left: .25in">
<font size="2">A director of the Company shall not be
personally liable to the Corporation or its stockholders for monetary damages
for breach of fiduciary duty as a director except for liability (i) for any
breach of the director's duty of loyalty to the corporation or its stockholders,
(ii) for acts or omissions not in good faith or which involve intentional
misconduct or a knowing violation of law, (iii) under Section 147 of the
Delaware General Corporation Law, as the same exists or hereafter may be
amended, or (iv) for any transaction from which the director derived an improper
personal benefit. This Article shall not eliminate or limit the liability of a
director or any act of omission occurring prior to the effective date of the
Amendment adding this Article to the Restated Certificate of Incorporation. Any
repeal or amendment of this Article by the stockholders of the corporation shall
be prospective only, and shall not adversely affect any limitations of the
personal liability of a director of the corporation existing at the time of such
repeal or amendment.&quot;</font></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">SECOND: That thereafter, pursuant to the
direction of the Board of Directors of the Corporation, the Annual Meeting of
the stockholders of said Corporation was duly called and held, at which meeting
the necessary number of shares, as required by statute, were voted in favor of
the amendment.</font></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">THIRD: That said amendment was duly adopted in
accordance with the provisions of Section 242 of the General Corporation Law of
Delaware, as amended and that the capital of the Corporation will not be reduced
under or by reason of the amendments.</font></p>

<font size="2"><p class=MsoFooter align="center">4&nbsp;

<hr size=2 width="100%" noshade color=navy align=center>

<font size="2">

<br clear="all" style="page-break-before: always">
</font>
IN WITNESS WHEREOF, said STIFEL FINANCIAL CORP.
has caused its corporate seal to be hereunto affixed and this certificate to be
signed by George H. Walker III, its President and John J. Goebel, its Secretary,
this 8<sup>th</sup> day of May, 1987.</font></p>

<p class=MsoNormal style='margin-left:3.0in'>
<font size="2">STIFEL FINANCIAL CORP.</font></p>
<p class="MsoNormal" style="text-align: justify">
&nbsp;</p>
<p class=MsoNormal style='margin-left:3.0in'><font size="2">By:</font><u><font size="2">&nbsp
/s/George H. Walker III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> </u></p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;
margin-left:3.25in'><font size="2">George H. Walker III<br>
</font>
<i><font size="2">President and Chief Executive Officer</font></i></p>

<p class="MsoNormal" style="margin-left:3.0in">
<font size="2">ATTESTED:</font></p>

<p class=MsoNormal style='margin-left:3.0in'>&nbsp;</p>
<p class=MsoNormal style='margin-left:3.0in'><font size="2">By:</font><u><font size="2">&nbsp
/s/John J. Goebel&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> </u></p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;
margin-left:3.25in'><font size="2">John J. Goebel<br>
</font>
<i><font size="2">Secretary</font></i></p>

<p class=MsoFooter align="center"><font size="2">5&nbsp;

</font>

<hr size=2 width="100%" noshade color=navy align=center>

<font size="2">

<br clear="all" style="page-break-before: always">
</font>
<p class="MsoNormal" align="center" style="text-align: center"><b>
<font size="2">CERTIFICATE OF DESIGNATION, PREFERENCES AND RIGHTS<br>
OF<br>
SERIES A JUNIOR PARTICIPATING PREFERRED STOCK<br>
OF<br>
STIFEL FINANCIAL CORP.</font></b></p>
<p class="MsoNormal" align="center" style="text-align: center">
<font size="2">Pursuant to Section 151 of the General
Corporation Law of the State of Delaware</font></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">We, GEORGE H. WALKER III, President and Chief
Executive Officer, and JOSEPH C. ZINGRICH, Assistant Secretary, of Stifel
Financial Corporation, a corporation organized and existing under the General
Corporation Law of the State of Delaware, in accordance with the provisions of
Section 103 thereof, DO HEREBY CERTIFY:</font></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">That pursuant to the authority conferred upon
the Board of Directors by the Certificate of Incorporation, as amended, of the
Company, the said Board of Directors on June 30, 1989, adopted the following
resolution crating a series of One Hundred Thousand (100,000) shares of
Preferred Stock designated as Series A Junior Participating Preferred Stock:</font></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">RESOLVED, that pursuant to the authority vested
in the Board of Directors of the Company in accordance with the provisions of
its Certificate of Incorporation, as amended, a series of Preferred Stock of the
Company be an it hereby is created, and that the designation and amount thereof
and the powers, preferences and relative, participating, optional and other
special rights of the shares of such series, and the qualifications, limitations
or restrictions thereof are as follows:</font></p>

<p class="MsoNormal" style="text-align: justify"><b>
<font size="2">Section 1.&nbsp;&nbsp;&nbsp;&nbsp; Designation and Amount.</font></b></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">There shall be a series of the preferred stock
of the Company which shall be designated as the &quot;Series A Junior Participating
Preferred Stock,&quot; par value $1.00 per share, and the number of shares
constituting such series shall be 100,000. Such number of shares may be
increased or decreased by resolution of the Board of Directors; provided, that
no decrease shall reduce the number of shares of Series A Junior Participating
Preferred Stock to a number less than that of the shares then outstanding plus
the number of shares issuable upon exercise of outstanding rights, options or
warrants or upon conversion of outstanding securities issued by the Company.</font></p>

<p class="MsoNormal" style="text-align: justify"><b>
<font size="2">Section 2.&nbsp;&nbsp;&nbsp;&nbsp; Dividends and Distributions.</font></b></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">Subject to the prior and superior rights of the
holders of any shares of any series of preferred stock of the Company ranking
prior and superior to the shares of Series A Junior Participating Preferred
Stock with respect to dividends, the holders of shares of Series A Junior
Participating Preferred Stock, in preference to the holders of shares of Common
Stock, $.15 par value (the &quot;Common Stock&quot;), of the Company and any other junior
stock, shall be entitled to receive, when as and if declared by the Board of
Directors out of funds legally available for the purpose, subject to the
provision for adjustment hereinafter set forth, 100 times the aggregate per
share amount of all cash dividends, and 100 times the aggregate per share amount
(payable in kind) of all non-cash dividends or other distributions other than a
dividend payable in shares of Common Stock or subdivision of the outstanding
shares of Common Stock (by reclassification or otherwise), declared on the
Common Stock, (ii) subdivide the outstanding Common Stock, or (iii) combine the
outstanding Common Stock into a smaller number of shares, then in each such case
the amount to which holders of shares of Series A Junior Participating Preferred
Stock were entitled immediately prior to such event shall be adjusted by
multiplying such amount by a fractions the numerator of which is the number of
shares of Common Stock outstanding immediately after such event and the
denominator of which is the number of shares of Common Stock that were
outstanding immediately prior to such event.</font></p>

<font size="2"><p class=MsoFooter align="center">6<b>&nbsp;

<hr size=2 width="100%" noshade color=navy align=center>

<font size="2">

<br clear="all" style="page-break-before: always">
</font>
Section 3.&nbsp;&nbsp;&nbsp;&nbsp; Voting Rights.</b></font></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">The holders of shares of Series A Junior
Participating Preferred Stock shall have the following voting rights:</font></p>
<p class="MsoNormal" style="text-align: justify; margin-left: .25in">
<font size="2">a.&nbsp;&nbsp; Each share of Series A Junior Participating
Preferred Stock shall entitle the holder thereof to one hundred votes on all
matters submitted to a vote of the stockholders of the Company.</font></p>
<p class="MsoNormal" style="text-align: justify; margin-left: .25in">
<font size="2">b.&nbsp;&nbsp; Except as otherwise provided herein or by
law, the holders of shares of Series A Junior Participating Preferred Stock and
the holders of shares of Common Stock shall vote together as one class on all
matters submitted to a vote of stockholders of the Company. In the event the
Company shall at any time after the Rights Declaration Date (i) declare or pay
any dividend on Common Stock, payable in shares of Common Stock, or (ii) effect
a subdivision or combination of the outstanding shares of Common Stock (y
reclassification or otherwise) into a greater or lesser number of shares of
Common Stock, into a smaller number of shares, then in each such se the number
of votes to which holders of shares of Series A Junior Participating Preferred
Stock were entitled immediately prior to such event shall be adjusted by
multiplying such number by a fraction the numerator of which is the number of
shares of Common Stock outstanding immediately after such event and the
denominator of which is the number of shares of Common Stock that were
outstanding immediately prior to such event.</font></p>
<p class="MsoNormal" style="text-align: justify; margin-left: .25in">
<font size="2">c.&nbsp;&nbsp; Except as set forth herein, holders of
Series A Junior Participating Preferred Stock shall have no special voting
rights and their consent shall not be required (except to the extent they are
entitled to vote with holders of Common Stock as set forth herein) for taking
any corporate action.</font></p>

<p class="MsoNormal" style="text-align: justify"><b>
<font size="2">Section 4.&nbsp;&nbsp;&nbsp;&nbsp; Certain Restrictions.</font></b></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">(A)&nbsp; Whenever dividends or distributions payable
on the Series A Junior Participating Preferred Stock as provided in Section 2
are in arrears, thereafter and until all accrued and unpaid dividends and
distributions, whether or not declared, on shares of Series A Junior
Participating Preferred Stock outstanding shall have been paid in full, the
Company shall not:</font></p>
<p class="MsoNormal" style="text-align: justify; margin-left: .25in">
<font size="2">i.&nbsp;&nbsp;&nbsp; declare or pay dividends on, make any
other distributions on, or redeem or purchase or otherwise acquire for
consideration any shares of stock ranking junior (either as to dividends or upon
liquidation, dissolution or winding up) to the Series A Junior Participating
Preferred Stock;</font></p>
<p class="MsoNormal" style="text-align: justify; margin-left: .25in">
<font size="2">d.&nbsp;&nbsp; declare or pay dividends on or make any
other distributions on any shares of stock ranking on a parity (either as to
dividends or upon liquidation, dissolution or winding up) with the Series A
Junior Participating Preferred Stock, except dividends paid ratably on the
Series A Junior Participating Preferred Stock and all such parity stock on which
dividends are payable or in arrears in proportion to the total amounts to which
the holders of all such shares are then entitled;</font></p>
<font size="2"><p class=MsoFooter align="center">7&nbsp;

<hr size=2 width="100%" noshade color=navy align=center>

<font size="2">

<br clear="all" style="page-break-before: always">
</font>
<p class="MsoNormal" style="text-align: justify; margin-left: .25in">
<font size="2">e.&nbsp;&nbsp; except as permitted in Section 4(A)(iv)
below, redeem or purchase of otherwise acquire for consideration shares of any
stock ranking on a parity (either as to dividends or upon liquidation,
dissolution or winding up) with the Series A Junior Participating Preferred
Stock, provided that the Company may at any time redeem, purchase or otherwise
acquire shares of such parity stock in exchange for shares of any stock of the
Company ranking junior (either as to dividends or upon dissolution, liquidation
or winding up) to the Series A Junior Participating Preferred Stock; and
purchase or otherwise acquire for consideration any shares of Series A Junior
Participating Preferred Stock, or any shares of stock ranking in parity with the
Series A Junior Participating Preferred Stock, except in accordance with a
purchase offer made in writing or by publication (as determined by the Board of
Directors) to all holders of such shares upon such terms as the Board of
Directors, after consideration of the respective annual dividend rates and other
relative rights and preferences of the respective series and classes, shall
determine in good faith will result in fair and equitable treatment among the
respective series or classes.</font></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">B.&nbsp;&nbsp;&nbsp; The Company shall not permit any
subsidiary of the Company to purchase or otherwise acquire for consideration any
shares of stock of the Company unless the Company could, under paragraph (A) of
this Section 4, purchase of otherwise acquire such shares at such time and in
such manner.</font></p>

<p class="MsoNormal" style="text-align: justify"><b>
<font size="2">Section 5.&nbsp;&nbsp;&nbsp;&nbsp; Reacquired Shares.</font></b></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">Any shares of Series A Junior Participating
Preferred Stock purchased or otherwise acquired by the Company in any manner
whatsoever shall be retired and cancelled promptly after the acquisition
thereof. The Company shall cause all such shares upon their cancellation to be
authorized but unissued shares of Preferred Stock which may be reissued as part
of a new series or Preferred Stock, subject to the conditions and restrictions
on issuance set forth herein.</font></p>
<p class="MsoNormal" style="text-align: justify"><b>
<font size="2">Section 6.&nbsp;&nbsp;&nbsp;&nbsp; Liquidation, Dissolution or
Winding Up.</font></b></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">(A)&nbsp; Upon any liquidation (voluntary or
otherwise), dissolution or winding up of the Company, no distribution shall be
made to the holders of shares of stock ranking junior (either as to dividends or
upon liquidation, dissolution or winding up) to the Series A Junior
Participating Preferred Stock unless, prior thereto, the holders of shares of
Series A Junior Participating Preferred Stock shall have received $4,000 per
share, plus an amount equal to accrued and unpaid dividends and distributions
thereon, whether or not declared, to the date of such payment (the Series A
Liquidation Preference&quot;). Following the payment of the full amount of the Series
A Junior Participating Preferred Stock, no additional distributions shall be
made to the holders of shares of Series A Junior Participating Preferred Stock,
unless prior thereto, the holders of shares of Common Stock shall have received
an amount per share (the &quot;Common Adjustment&quot;) equal to the quotient obtained by
dividing (i) the Series A Liquidation Preference by (ii) 100 as appropriately
adjusted as set forth in subparagraph C below to reflect such events as stock
splits, stock dividends and recapitalizations with respect to the Common Stock
(such number in clause (ii), the &quot;Adjustment Number&quot;). Following the payment of
the full amount of the Series A Liquidation Preference and the Common Adjustment
in respect of all outstanding shares of Series A Junior Participating Preferred
Stock and Common Stock, respectively, holders of Series A Junior Participating
Preferred Stock and holders of shares of Common Stock shall receive their
ratable and proportionate shares of the remaining assets to be distributed in
the ration of the Adjustment Number to 1 with respect to such Series A Junior
Participating Preferred Stock and Common Stock, on a per share basis,
respectively.</font></p>

<p class=MsoFooter align="center">8&nbsp;

<hr size=2 width="100%" noshade color=navy align=center>

<font size="2">

<br clear="all" style="page-break-before: always">
</font>
(B)&nbsp; In the event there are not sufficient
assets available to permit payment in full of the Series A Liquidation
Preference and the liquidation preferences of all other series of preferred
stock, in any, which rank on a parity with the Series A Junior Participating
Preferred Stock, then such remaining assets shall be distributed ratably to the
holders of such parity shares in proportion to their respective liquidation
preferences. In the event there are not sufficient assets available to permit
payment in full of the Common Adjustment, then such remaining assets shall be
distributed ratably to the holders of Common Stock.</p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">(C)&nbsp; In the event the Company shall at any time
after the Rights Declaration Date (i) declare any dividend on Common Stock
payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock,
or (iii) combine the outstanding Common Stock into a smaller number of shares,
then in each such case the Adjustment Number in effect immediately prior to such
event shall be adjusted by multiplying such Adjustment Number by a fraction the
numerator of which is the number of shares of Common Stock outstanding
immediately after such event and the denominator of which is the number of
shares of Common Stock that were outstanding immediately prior to such event.</font></p>

<p class="MsoNormal" style="text-align: justify"><b>
<font size="2">Section 7.&nbsp;&nbsp;&nbsp;&nbsp; Consolidation, Merger, etc.</font></b></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">In case the Company shall enter into any
consolidation, merger, combination or other transaction n which the shares of
Common Stock are exchanged for or changed into other stock or securities, cash
and/or any other property, then in any such case the shares of Series A Junior
Participating Preferred Stock shall at the same time be similarly exchanged or
changed in an amount per share (subject to the provision for adjustment
hereinafter set forth) equal to 100 times that aggregated amount of stock,
securities, cash and/or any other property (payable in kind), as the case may
be, into which or for which each share of Common Stock is changed or exchanged.
In the event the Company shall at any time after the Rights Declaration Date (i)
declare any dividend on Common Stock payable in shares of Common Stock, (ii)
subdivide the outstanding Common Stock, or (iii) combine the outstanding Common
Stock into a smaller number of shares, then in each such case the amount set
forth in the preceding sentence with respect to the exchange or change of shares
of Series A Junior Participating Preferred Stock shall be adjusted by
multiplying such amount by a fraction the numerator of which is the number of
shares of Common Stock outstanding immediately after such event and the
denominator of which is the number of shares of Common Stock that are
outstanding immediately prior to such event.</font></p>

<p class="MsoNormal" style="text-align: justify"><b>
<font size="2">Section 8.&nbsp;&nbsp;&nbsp;&nbsp; Redemption.</font></b></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">The shares of Series A Junior Participating
Preferred Stock shall not be redeemable.</font></p>

<p class="MsoNormal" style="text-align: justify"><b>
<font size="2">Section 9.&nbsp;&nbsp;&nbsp;&nbsp; Ranking.</font></b></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">The Series A Junior Participating Preferred
Stock shall rank junior to all other series of the Company's Preferred Stock as
to the payment of dividends and the distribution of assets, unless the terms of
any such series shall provide otherwise.</font></p>

<p class=MsoFooter align="center">9<b>&nbsp;

<hr size=2 width="100%" noshade color=navy align=center>

<font size="2">

<br clear="all" style="page-break-before: always">
</font>
Section 10.&nbsp;&nbsp; Amendment.</b></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">The Certificate of Incorporation of the Company
shall not be further amended in any manner which would materially alter or
change the powers, preferences or special rights of the Series A Junior
Participating Preferred Stock so as to affect them adversely without the
affirmative vote of the holders of a majority of the outstanding shares of
Series A Junior Participating Preferred Stock, voting separately as a class.</font></p>

<p class="MsoNormal" style="text-align: justify"><b>
<font size="2">Section 11.&nbsp;&nbsp; Fractional Shares.</font></b></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">Series A Junior Participating Preferred Stock
may be issued in fractions of a share which shall entitle the holder, in
proportion to such holder's fractional shares, to exercise voting rights,
receive dividends, participate in distributions and to have the benefit of all
other rights of holders of Series A Junior Participating Preferred Stock.</font></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">IN WITNESS WHEREOF, we have executed and
subscribed this Certificate and do affirm the foregoing as true under the
penalties of perjury this 30<sup>th</sup> day of June 1987.</font></p>

<p class="MsoNormal" style="text-align: justify">
&nbsp;</p>
<p class=MsoNormal style='margin-left:3.0in'><font size="2">By:</font><u><font size="2">&nbsp
/s/George H. Walker III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> </u></p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;
margin-left:3.25in'><font size="2">George H. Walker III<br>
</font>
<i><font size="2">President</font></i></p>

<p class="MsoNormal" style="margin-left:3.0in">
<font size="2">ATTESTED:</font></p>

<p class=MsoNormal style='margin-left:3.0in'>&nbsp;</p>
<p class=MsoNormal style='margin-left:3.0in'><font size="2">By:</font><u><font size="2">&nbsp
/s/John J. Goebel&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> </u></p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;
margin-left:3.25in'><font size="2">John J. Goebel<br>
</font>
<i><font size="2">Secretary</font></i></p>

<p class=MsoFooter align="center">10&nbsp;

<hr size=2 width="100%" noshade color=navy align=center>


<font size="2">


<br clear="all" style="page-break-before: always">
</font>
<p class="MsoNormal" align="center" style="text-align: center"><b>
<font size="2">CERTIFICATE OF AMENDMENT<br>
OF<br>
RESTATED
CERTIFICATE OF INCORPORATION<br>
OF<br>
STIFEL FINANCIAL CORP.</font></b></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">STIFEL FINANCIAL CORP., a corporation organized
and existing under and by virtue of the General Corporation Law of the State of
Delaware, as amended, DOES HEREBY CERTIFY:</font></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">FIRST: That the Board of Directors of STIFEL
FINAINCIAL CORP. has duly adopted the following resolution setting forth a
proposed amendment to the Restated Certificate in Incorporation of said
Corporation and declaring said amendment advisable and directing that said
proposed amendment be considered at the 1989 Annual Meeting of Stockbrokers of
said Corporation held on November 28, 1989:</font></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">RESOLVED that the Board of Directors of the
Corporation deems advisable that the Restated Certificate of Incorporation of
the Corporation be amended by adding a new Article Ninth as follows:</font></p>

<p class="MsoNormal" style="text-align: justify; margin-left: .25in">
<font size="2">"NINTH:</font></p>

<p class="MsoNormal" style="text-align: justify; margin-left: .25in">
<font size="2">A.&nbsp; The Board of Directors shall be divided into
three classes, as nearly equal in number as reasonably possible, except that one
class may be one greater or one less in number than the other two classes. At
the annual meeting of stockholders to be held in 1989, the directors of one
class shall be elected for a term of one year, the directors of another class
shall be elected for a term of two years, and the directors of the third class
shall be elected for a term of three years, and in each case, until their
respective successors shall have been elected and qualified in the class to
which such director is assigned or until their earlier death, resignation and
removal. At each annual meeting of stockholders thereafter, the successors of
the directors of the class whose term expires in that year shall be elected to
hold office for a term of three years (and until their respective successors
shall have been elected and qualified in such class or until their earlier
death, resignation or removal), so that the term of one class of directors shall
expire in each year. In the case of any vacancies, by reason of an increase in
the number of directors or resignation or otherwise, directors to fill such
vacancies may be elected by a majority of the directors then in office, to hold
office until the next election of the class for which such directors shall have
been chosen, and until their respective successors shall have been elected and
qualified in the class to which such director is assigned or until their earlier
death, resignation or removal. No decrease in the number of directors shall
shorten the term of any incumbent director.</font></p>

<p class="MsoNormal" style="text-align: justify; margin-left: .25in">
<font size="2">B.&nbsp;&nbsp; Notwithstanding anything in the Restated
Certificate of Incorporation or By-Laws of the Corporation to the contrary,
whenever the holders of any one or more classes or series of shares of capital
stock of the Corporation other than shares of Common Stock shall have the right,
voting separately by class or series, to elect directors, the election, term of
office, filling of vacancies and other features of such directorship shall be
governed by the terms of the Restated Certificate of Incorporation of the
Corporation or any Certificate of Designation thereunder applicable thereto; and
such directors so elected shall not be divided into classes pursuant to this
Article Ninth unless expressly provided by such terms.</font></p>

<font size="2"><p class=MsoFooter align="center">11&nbsp;

<hr size=2 width="100%" noshade color=navy align=center>

<font size="2">

<br clear="all" style="page-break-before: always">
</font>
<p class="MsoNormal" style="text-align: justify; margin-left: .25in">
<font size="2">C.&nbsp;&nbsp; This Article Ninth may be altered, amended
or repealed only by vote of the holders of eighty percent of the issued and
outstanding shares of the Corporation's stock entitled to vote generally for the
election of directors, unless such alteration, amendment or repeal has been
recommended by three-fourths of the directors then in office.&quot;</font></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">SECOND: That thereafter, pursuant to the
direction of the Board of Directors of the Corporation, the 1989 Annual Meeting
of Stockholders of said Corporation was duly called and held on November 28,
1989, at which meeting more than a majority of the outstanding stock entitled to
vote thereon was voted in favor of Amendment.</font></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">THIRD: That said amendment was duly adopted in
accordance with the provisions of Section 242 of the General Corporation Law ofelaware.</font></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">IN WITNESS WHEREOF, said STIFEL FINANCIAL CORP.
has caused its corporate seal to be hereunto affixed and this certificate to be
signed by George H. Walker III, its president and John J. Goebel, its secretary
this 28<sup>th</sup> day of November, 1989.</font></p>
<p class="MsoNormal" style="margin-left:3.0in">
<font size="2">STIFEL FINANCIAL CORP.</font></p>
<p class="MsoNormal" style="text-align: justify">
&nbsp;</p>
<p class=MsoNormal style='margin-left:3.0in'><font size="2">By:</font><u><font size="2">&nbsp
/s/George H. Walker III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> </u></p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;
margin-left:3.25in'><font size="2">George H. Walker III<br>
</font>
<i><font size="2">President</font></i></p>

<p class="MsoNormal" style="margin-left:3.0in">
<font size="2">ATTESTED:</font></p>

<p class=MsoNormal style='margin-left:3.0in'>&nbsp;</p>
<p class=MsoNormal style='margin-left:3.0in'><font size="2">By:</font><u><font size="2">&nbsp
/s/John J. Goebel&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> </u></p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;
margin-left:3.25in'><font size="2">John J. Goebel<br>
</font>
<i><font size="2">Secretary</font></i></p>

<p class=MsoFooter align="center">12&nbsp;

<hr size=2 width="100%" noshade color=navy align=center>

<font size="2">

<br clear="all" style="page-break-before: always">
</font>
<p class="MsoNormal" align="center" style="text-align: center"><b>
<font size="2">CERTIFICATE OF AMENDMENT<br>
OF<br>
RESTATED
CERTIFICATE OF INCORPORATION<br>
OF<br>
STIFEL FINANCIAL CORP.</font></b></p>
&nbsp;</p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">Pursuant to the provisions of the General
Corporation Law of the State of Delaware, Stifel Financial Corp. certifies the
following:</font></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">FIRST: That the Board of Directors of Stifel
Financial Corp. adopted the following resolution setting forth a proposed
amendment of the Restated Certificate of Incorporation of said corporation,
declaring said amendment to be advisable and directing that said amendment be
considered at the 2001 Annual Meeting of Stockbrokers of said corporation held
on April 15, 2001. The resolution setting forth the proposed amendment is as
follow:</font></p>
<p class="MsoNormal" style="text-align: justify">
<font size="2">RESOLVED, that the fourth article of the
Certificate of Incorporation of the Company shall be amended to increase the
total number of shares of stock authorized for issuance from 13,000,000 to
33,000,000 and to increase the number of shares of common stock $.15 par value
per share, authorized for issuance from 10,000,000 to 30,000,000, by deleting
the first paragraph of the fourth article in its entirety and replacing it with
the following:</font></p>

<p class="MsoNormal" style="text-align: justify; margin-left: .25in">
&quot;A.&nbsp; The aggregate shares of all class of stock
which the Corporation shall have authority to issue is Thirty-Three Million
(33,000,000) shares, consisting of Three Million (3,000,000) shares of preferred
stock of the par value of One Dollar ($1.00) each (hereinafter called the
&quot;Preferred Stock&quot;) and Thirty Million (30,000,000) shares of common stock of the
par value of Fifteen Cents ($0.15) each (hereinafter called the &quot;Common Stock).&quot;</p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">SECOND: That thereafter, pursuant to the
direction of the Board of Directors, the 2001 Annual Meeting of Stockholders of
the corporation was duly called and held on April 15, 2001, at which meeting
more than a majority of the outstanding stock entitled to vote thereon was voted
in favor of the amendment.</font></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">THIRD: That said Amendment was duly adopted in
accordance with the provisions of Section 242 of the General Corporation Law of
the State of Delaware.</font></p>

<p class="MsoNormal" style="text-align: justify">
<font size="2">IN WITNESS WHEREOF, the undersigned has executed
this instrument on behalf of the corporation this 7th day of May 2001.</font></p>
<p class="MsoNormal" style="text-align: justify">
&nbsp;</p>

<p class=MsoNormal style='margin-left:3.0in'><font size="2">By:</font><u><font size="2">&nbsp
/s/Ronald J. Kruszewski&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> </u></p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;
margin-left:3.25in'><font size="2">Ronald J. Kruszewski<br>
</font>
<i><font size="2">President and Chief Executive Officer</font></i></p>

<p class=MsoFooter align="center">13&nbsp;

<hr size=2 width="100%" noshade color=navy align=center>

<br clear="all" style="page-break-before: always">

<p class="MsoNormal" align="center" style="text-align: center"><b>
<font size="2">CERTIFICATE OF AMENDMENT<br>
OF<br>
CERTIFICATE OF INCORPORATION<br>
OF<br>
STIFEL FINANCIAL CORP.</font></b></p>
<p class="MsoNormal" style="text-align: justify; line-height: 116%; margin-top: .35in">
<font size="2">It is hereby certified that:</font></p>
<p class="MsoNormal" style="text-align: justify; text-indent: 0in; text-autospace: none; margin-left: 0in; margin-right: 0in; margin-top: .15in; margin-bottom: .0001pt">
<font size="2">1.&nbsp;&nbsp;&nbsp;
The name of the corporation (hereinafter called the &quot;corporation&quot;) is
STIFEL FINANCIAL CORP.</font></p>
<p class="MsoNormal" style="text-align: justify; text-indent: 0in; text-autospace: none; margin-left: 0in; margin-right: 0in; margin-top: 12.6pt; margin-bottom: .0001pt">
<font size="2">2.&nbsp;&nbsp;&nbsp;
The
Certificate of Incorporation of the corporation is hereby amended by striking
out Article Fourth
(A) thereof and by substituting in lieu thereof the following:</font></p>
<p class="MsoNormal" style="text-align: justify; margin-left: .25in; margin-right: 0in; margin-top: 12.6pt; margin-bottom: .0001pt">
&quot;FOURTH:</p>
<p class="MsoNormal" style="text-align: justify; margin-left: .25in; margin-right: 0in; margin-top: .2in; margin-bottom: .0001pt">
<font size="2">A.&nbsp;
The aggregate shares of all classes of stock which the Corporation shall have
authority to issue
is One Hundred Million (100,000,000) shares, consisting of Three Million
(3,000,000) shares of
preferred stock of the par value of One Dollar ($1.00) each (hereinafter called
the &quot;Preferred
Stock&quot;) and Ninety Seven Million (97,000,000) shares of common stock of the par
value of Fifteen Cents ($0.15) each
(hereinafter called the &quot;Common Stock&quot;).&quot;</font></p>
<p class="MsoNormal" style="text-align: justify; margin-top: .2in">
<font size="2">3.&nbsp;&nbsp; The amendment of the Certificate of
Incorporation herein certified has (have)
been duly adopted in accordance with the provisions of Section 242 of the
General Corporation Law of the State of Delaware.</font></p>
<p class="MsoNormal" style="margin-left:3.0in">
<font size="2">Signed on June 3, 2009</font></p>

<p class=MsoNormal style='margin-left:3.0in'>&nbsp;</p>
<p class=MsoNormal style='margin-left:3.0in'><font size="2">By:</font><u><font size="2">&nbsp
/s/Ronald J. Kruszewski&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> </u></p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;
margin-left:3.25in'><font size="2">Ronald J. Kruszewski<br>
</font>
<i><font size="2">President and Chief Executive Officer</font></i></p>

<p class="MsoNormal" style="margin-left:3.0in">
<font size="2">ATTESTED:</font></p>

<p class=MsoNormal style='margin-left:3.0in'>&nbsp;</p>
<p class=MsoNormal style='margin-left:3.0in'><font size="2">By:</font><u><font size="2">&nbsp
/s/David M. Minnick&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> </u></p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:12.0pt;
margin-left:3.25in'><font size="2">David M. Minnick<br>
</font>
<i><font size="2">Senior Vice President, Secretary and General Counsel</font></i></p>

<p class=MsoFooter align="center">14&nbsp;

<hr size=2 width="100%" noshade color=navy align=center>


<p class=MsoFooter align="center">&nbsp;</body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5
<SEQUENCE>3
<FILENAME>rexv5x1.htm
<DESCRIPTION>OPINION OF THOMPSON COBURN LLP
<TEXT>
<html>

<head>


<title> </title>


</head>

<body lang=EN-US link=blue vlink=purple>



<p class=MsoHeader align="right"><font size="2"><b>Exhibit 5.1</b></font></p>
<p class=MsoHeader><b><font size="2">THOMPSON COBURN LETTERHEAD</font></b></p>

<p class=MsoDate><font size="2">July
10, 2009</font></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=264
 style='width:2.75in;border-collapse:collapse'>
 <tr>
  <td width=264 valign=top style='width:2.75in;padding:0in 5.75pt .15in 5.75pt'>
  <p class=Address><font size="2">Board of Directors<br>
	Stifel Financial Corp. <br>
	501 N. Broadway<br>
	St. Louis, MO 63102</font></p>
  </td>
 </tr>
</table>

<p class="MsoNormal" style="text-align: justify; text-indent: -.5in; text-autospace: none; margin-left: .5in; margin-right: 0in; margin-top: 0in; margin-bottom: 12.0pt">
&nbsp;</p>
<p class="MsoNormal" style="text-align: justify; text-indent: -.5in; text-autospace: none; margin-left: .5in; margin-right: 0in; margin-top: 0in; margin-bottom: 12.0pt">
<font size="2">Re:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registration Statement on Form S-8 for
eleven million two hundred fifty thousand (11,250,000) shares
of Stifel Financial Corp. Common Stock, par value $0.15, for issuance to
participants under the Stifel Financial Corp. 2001 Incentive Stock Plan (2008 Restatement) (the "Plan")</font></p>
<p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-bottom: 12.0pt">
<font size="2">Ladies and
Gentlemen:</font></p>
<p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-bottom: 12.0pt">
<font size="2">We reference the
Registration Statement on Form S-8 (the "Registration Statement") to be filed by
Stifel Financial Corp., a Delaware corporation (the "Company"), on July 10,
2009, with the Securities and Exchange Commission pursuant to the Securities Act
of 1933, as amended, relating to the proposed issuance by the Company of up
to eleven million two hundred fifty thousand (11,250,000) shares of the Company's Common Stock, par value
$0.15 (the "Shares"), adjusted for a fifty percent (50%) stock dividend in the
form of a three-for-two stock split paid on June 12, 2008, for issuance to participants under the Plan.&nbsp; We have examined such corporate records of the Company,
such laws and such other information as we have deemed relevant, including the
Company's Restated Certificate of Incorporation and all amendments thereto,
Amended and Restated By-Laws and all amendments thereto and statements we have
received from officers and representatives of the Company.&nbsp; In delivering this
opinion, we have assumed the genuineness of all signatures, the authenticity of
all documents submitted to us as originals, the conformity to the originals of
all documents submitted to us as certified, photostatic or conformed copies, the
authenticity of originals of all such latter documents, and the correctness of
statements submitted to us by officers and representatives of the Company.</font></p>
<p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-bottom: 12.0pt">
<font size="2">Based solely on
the foregoing, we are of the opinion that the Shares to be issued by the Company
pursuant to the Plan have been duly authorized and, when issued by the Company
in accordance with the Plan, will be legally issued, fully paid and
non-assessable.</font></p>
<p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-bottom: 12.0pt">
<font size="2">We consent to the
filing of this opinion as an exhibit to the Registration Statement. We further
consent to the filing of copies of this opinion with agencies of such states and
other jurisdictions as you deem necessary in the course of complying with the
laws of the states and jurisdictions regarding the sale and issuance of the
Shares in accordance with the Registration Statement.</font></p>
<p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-bottom: 12.0pt">
<font size="2">Very truly yours,</font></p>
<p class="MsoNormal" style="text-align: justify; text-autospace: none; margin-bottom: 12.0pt">
<font size="2">/s/ Thompson
Coburn LLP</font></p>


<div class=MsoNormal align=center style='text-align:center;line-height:normal'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>



</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>4
<FILENAME>rexv23x2.htm
<DESCRIPTION>CONSENT OF ERNST & YOUNG LLP
<TEXT>
<html>

<head>


<title>Exhibit 23</title>



</head>

<body lang=EN-US>



<p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:right'><b>
<font size="2">Exhibit 23.2</font></b></p>

<p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center'><b>
<font size="2">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM</font></b></p>







<p class=MsoNormal style='margin-top:6.0pt;text-align:justify'><font size="2">We consent to the
incorporation by reference in the Registration Statement on Form S-8 of Stifel Financial Corp.
relating to the Stifel Financial Corp. 2001 Incentive Stock Plan (2008 Restatement) of our report dated February 26, 2009, with respect to the
consolidated financial statements and schedule of Stifel Financial Corp., and the effectiveness of internal control over financial
reporting of Stifel Financial Corp., included in its Annual
Report (Form 10-K) for the year ended December 31, 2008, filed with the Securities and Exchange Commission.</font></p>







<p class=MsoNormal style='margin-top:6.0pt;margin-right:0in;margin-bottom:0in;
margin-left:3.0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in'>
<font size="2">/s/ Ernst &amp; Young LLP </font> </p>
<p class=MsoNormal style='margin-top:6.0pt;margin-right:0in;margin-bottom:0in;
margin-left:3.0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in'>&nbsp;</p>





<p class=MsoNormal style='margin-top:0;text-align:justify; margin-bottom:0'>&nbsp;</p>
<p class=MsoNormal style='margin-top:0;text-align:justify; margin-bottom:0'>
<font size="2">Chicago, Illinois</font></p>

<p class=MsoNormal style="margin-top: 0; margin-bottom: 0"><font size="2">July 10, 2009</font></p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p class=MsoNormal style='line-height:normal !msorm;line-height:1.0pt'>&nbsp;</p>





</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>5
<FILENAME>rexv23x3.htm
<DESCRIPTION>CONSENT OF DELOITTE & TOUCHE LLP
<TEXT>
<html>

<head>


<title>Exhibit 23</title>



</head>

<body lang=EN-US>



<p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:right'><b>
<font size="2">Exhibit 23.3</font></b></p>

<p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center'><b>
<font size="2">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM</font></b></p>







<p class=MsoNormal style='text-align:justify'><font size="2">We
consent to the incorporation by reference in this Registration Statement on
Form S-8 of the Stifel Financial Corp. 2001 Incentive Stock Plan (2008 Restatement) of our report dated February 28, 2008,
relating to the consolidated financial statements and financial statement
schedule of Stifel Financial Corp. and subsidiaries as of December 31, 2007 and
for the years ended December 31, 2007 and 2006, appearing in the Annual Report on Form 10-K
of Stifel Financial Corp. for the year ended December 31,
2008.</font></p>
<p class=MsoNormal style='text-align:justify'><font size="2">/s/ Deloitte &amp; Touche LLP
</font> </p>





<p class=MsoNormal style='margin-top:0;text-align:justify; margin-bottom:0'>&nbsp;</p>
<p class=MsoNormal style='margin-top:0;text-align:justify; margin-bottom:0'>
<font size="2">St. Louis, Missouri</font></p>

<p class=MsoNormal style="margin-top: 0; margin-bottom: 0"><font size="2">July 10, 2009</font></p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p class=MsoNormal style='line-height:normal !msorm;line-height:1.0pt'>&nbsp;</p>





</body>

</html>
</TEXT>
</DOCUMENT>
</SUBMISSION>
