Progress Financial Corporation | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.


Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

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Financial Advisor and Fairness Opinion

Progress Financial Corporation

$41.9 million 02/14/2017 Depository Pending
Lead Banker: Brian Branson
Public Companies
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Transaction Details

  • Announcement Date: February 14, 2017
  • Transaction Value: $41.9 million
  • Combined company will have ~$1B in assets, ~$750 million in loans and ~$850 million in deposits
  • Combined company will have banking operations in Northern Alabama, the Birmingham MSA and Destin, FL
  • Combined company will be the 8th largest bank headquartered in Alabama
  • Expected Closing: Late Q2 or early Q3 2017
Sources: Company filings, SNL Financial and publicly available information.
  1. Note: Financial information as of December 31, 2016.

    This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.