James M. Heffner, real estate, banking and finance law attorney with Danna McKitrick, P.C., recently commented on the state of banking in the St. Louis Business Journal.
In “Kruszewski Bets on Banking Revival,” the Business Journal reported on the acquisition of boutique investment bank/broker-dealer KBW (Keefe, Bruyette & Woods) by Stifel Financial Corporation. KBW advises banks and other financial institutions on mergers and acquisitions.
Leadership for Stifel and KBW and their analysts believe trends are showing that traditional banking services are improving. Stifel Chairman Ron Kruszewski told the Business Journal that the merger will help as they try to “build the premier middle-market investment bank.”
When asked about the turnaround in the banking industry,
[Heffner] said Stifel’s optimism does not appear misplaced. “We’ve seen a marked increase in business loans, ranging from community banks to regional banks,” he said. “It’s difficult to overstate the number of loan transactions our firm has been involved in this year compared with 2009.”
Read the full article … St. Louis Business Journal