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Stifel Nicolaus

FILE PHOTO: Stifel Financial's headquarters building at 501 N. Broadway in downtown St. Louis in Dec. 2011.  Photo by Johnny Andrews

Stifel Financial Corp. is acquiring First Empire Holding Corp. and its subsidiaries, including First Empire Securities Inc., an institutional broker-dealer specializing in the fixed income markets.

Financial terms of the deal announced Wednesday were not disclosed.

Based in Hauppauge, N.Y., First Empire provides fixed income products and services for credit unions, regional banks, insurance companies, pensions,and municipalities.

“With this acquisition, we will be able to further grow and diversify our client base andalso strengthen our offerings by delivering additional services and more robust loan trading capabilities," Eric Needleman, Head of Fixed Income at St. Louis-based Stifel, said in a statement.

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