CHICAGO - St. Louis-based Stifel, Nicolaus & Co. has hired four public finance bankers from Wachovia Securities LLC to staff a new East Lansing office in a move that expands Stifel's presence in Michigan.

The new hires bring to 12 the number of bankers Stifel has hired from Wachovia in the last few months. Most of the bankers originally worked at A.G. Edwards & SonsInc., which Wachovia acquired last year.

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