Company Profile
TriState Capital Bank (“TriState”) (“the bank”) is a Pennsylvania state-chartered subsidiary of Raymond James Financial, Inc. (NYSE: RJF) (via an intermediary subsidiary, TriState Capital Holding Company, LLC), operating independent of Raymond James Bank. TriState provides middle market commercial banking services, treasury management services on a national scale, and is a peer leader in the private banking sector. Headquartered in Pittsburgh, TriState has no retail operations, with four bank representative offices located in Philadelphia, Cleveland, Edison, NJ, and NYC.
The bank’s largest lending segment remains its private banking, which is primarily comprised of loans secured with marketable securities and other liquid financial collateral, sourced through a national distribution of over 400 financial intermediaries. Despite the higher interest rate environment, which has kept utilization rates relatively low (<40% at 2Q24), TriState has reported strong growth…