Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Stifel Financial launches venture banking and lending group: St. Louis-based brokerage and investment firm Stifel Financial Corp. has formed a venture banking and lending group providing debt capital financing and commercial banking services.

Managing Director Brad Ellis and director Nathaniel Stone have joined the company to lead the new unit based in New York City, Stifel said in a statement. Ellis previously was managing director at Square 1 Bank and Stone was previously senior lender at Square 1 Bank.

The new group plans to target early-stage startups through mature growth companies, focusing on the technology, health care and life sciences industries.

"This represents yet another significant step in the build-out of our banking services, which benefit from the capacity and diversification of our $17 billion bank balance sheet," Chris Reichert, CEO of Stifel Bank & Trust, said in the statement.

Robust Wine Bar files for bankruptcy, plans to remain open: Robust Wine Bar filed for Chapter 11 bankruptcy this week, but the Webster Groves location will remain open, according to an attorney representing the owners.

Danielle Suberi, an associate at law firm Carmody MacDonald, said the filing is unrelated to the Webster Groves location, and is intended to help restructure debt from Robust's other locations.

Robust LLC filed for Chapter 11 bankruptcy in St. Louis on Monday, listing estimated assets of $50,000 or less and estimated liabilities ranging between $100,001 and $500,000.

Robust Wine Bar shuttered a location in Edwardsville in 2015, after not quite two years in operation, and closed a location downtown in April 2018.

Snax Gastrobar, a spinoff of Robust, closed in August 2018.

Robust Wine Bar is located at 227 W. Lockwood Ave in Webster Groves.

Southwest cancellations will rise due to grounded Boeing jet: Southwest Airlines is again pushing back the date it expects to be able to fly the grounded Boeing 737 Max jet, meaning more flight cancellations.

Southwest said Thursday that it was taking the plane out of its schedule through Nov. …

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