Raymond James completes acquisition of TriState Capital
The Pittsburgh-based private bank will continue to operate as a separately chartered institution.
Raymond James Financial has completed its previously announced acquisition of TriState Capital Holdings Inc., the holding company of TriState Capital Bank.
The Pittsburgh-based bank, which offers private banking, commercial lending and treasury management solutions, will continue to operate as a separately chartered bank.
TriState’s Chartwell Investment Partners unit has become a wholly owned subsidiary of Carillon Tower Advisers, itself a subsidiary of Raymond James Financial.
The acquisition was announced last October.
At midday in New York, Raymond James (RJF) shares were down 1.61% at $96.90.
[More: Raymond James offers remote company administrative support]
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