Stifel’s Montgomery office of public finance has a history dating back to 1987, when Merchant Capital was founded. Stifel acquired Merchant Capital in 2014, after the firm had grown to be the largest Alabama headquartered investment banking firm in municipal finance and held that distinction for 20 years. The entire Merchant Capital banking team joined Stifel, bringing a wealth of experience and relationships with public and corporate issuers of municipal debt. The bankers in the Montgomery office have assisted a multitude of issuers in project financings for K-12 education, general government, water/sewer/power utilities, higher education, cooperative districts, healthcare, industrial/commercial development, and many other purposes. In addition to serving the regions public finance needs, Stifel’s Montgomery office leads the company’s national affordable housing practice.