Stone & Youngberg is one of the oldest private financial institutions in the United States. Our firm opened for business in San Francisco in 1931 during the Great Depression, when founders Dan Stone and Carl Youngberg financed distressed irrigation projects in California’s Central Valley. During the post-war period Stone & Youngberg grew to become the West’s preeminent investment bank specializing in the structuring and sale of municipal bonds backed by real estate. Today the firm underwrites more land-secured issues than any other bank in the United States, and is known for its long-time expertise in securities backed by tax increment revenue.
A Prominent Role
Stone & Youngberg continues to play a prominent role in California public finance by underwriting all types of municipal bonds for the state’s most important civic projects. These include major infrastructure financings for the San Francisco-Oakland Bay Bridge seismic retrofit, the new Playa Vista neighborhood in West Los Angeles, and community redevelopment in downtown San Diego. The firm also is the most active underwriter of bonds for school districts in California and Arizona, as new facilities are required to accommodate these state's burgeoning student population.
Ongoing Expansion
Since 2000 Stone & Youngberg has expanded its bond underwriting and trading business across the country. In addition to our four California offices, the firm has offices in New York, Chicago, Phoenix, Richmond, VA, and Annapolis, MD. This expansion in our underwriting, advisory, and investment services has matched the growth in financial products we offer to both institutional and private clients. As we strive to become the premier regional fixed-income investment bank in the nation, we look forward to a new chapter in our proud 79-year history.