A new bank formed around a gap in relationship banking
TriState Capital Bank began in 2007 with a middle-market banking proposition: offer the capabilities of a larger financial institution while retaining direct relationships with clients who, its founders believed, were underserved by consolidation. The bank’s own history identifies Pennsylvania, Ohio, New York and New Jersey as its initial markets, followed by a national presence. That account is the institution’s explanation of its founding opportunity, rather than an independently measured claim about service across the entire industry. [3]
The FDIC gives January 22, 2007 as the establishment date of the Pittsburgh bank, certificate 58457. The October 2, 2026 institution directory lists it as an active Pennsylvania state-chartered Federal Reserve member bank. Its separate charter remains central to the story after its parent’s acquisition by Raymond James: TriState Capital Bank and Raymond James Bank are distinct insured institutions, even though both belong to the same wider financial group. [1][4]
Founder James F. Getz brought an earlier career in banking and investment distribution. The bank’s biography says he founded Federated Bank and Trust in 1985 and later served as president of Federated Securities Corp., after earlier work at Girard Bank and First Pennsylvania Bank. Its current biography describes him as founder and chairman emeritus. That sequence helps explain a bank positioned between commercial banking and financial-advisor relationships; it does not mean that the earlier institutions became TriState subsidiaries. [5]
Private banking changed the distribution model
TriState launched its Private Bank in 2009. The parent went public in 2013 and acquired Chartwell Investment Partners in 2014, adding an asset-management business. These events expanded the group beyond its original middle-market lending role. Chartwell was an asset manager within the parent’s history, not a second name for the insured bank or a category of bank deposits. [3]
The bank describes its continuing model as commercial and industrial lending, commercial-real-estate expertise, treasury and management, and private-bank lending against marketable, liquid collateral. It works with established middle-market businesses and independent financial advisors and financial-services firms serving their own clients. The distribution arrangement is different from relying solely on walk-in retail traffic: an advisor relationship can identify a borrowing need while investment management and custody remain elsewhere. [3]
That model creates several linked but separate activities. A business may need operating deposits and working-capital credit; a property owner may need real-estate financing; an investor may want cash without an immediate securities sale. The bank provides funding and credit assessment, while the intermediary retains another part of the client relationship. The breadth of these channels does not make the underlying loans interchangeable or establish the profitability of any individual channel. [3][6][7]
Raymond James bought the parent while preserving the bank
On June 1, 2022, Raymond James Financial, Inc. announced completion of its acquisition of TriState Capital Holdings. Each common share converted into the right to receive $6 in cash and 0.25 Raymond James shares, representing $30.62 per TriState share using Raymond James’ May 31 closing price. That consideration combined stock and cash; it was not a fixed cash payment of $30.62. [4]
The announcement quoted Raymond James chairman and chief executive Paul Reilly describing the strategic and cultural fit, while Getz emphasized continued private banking, commercial lending and treasury services through a separately chartered TriState Capital Bank. It also described Chartwell’s place alongside Carillon Tower Advisers. These were distinct parts of the acquired group and should not be collapsed into one bank’s operating statistics. [4]
Separate legal identity limits what can be inferred from the parent’s reports. A combined banking segment can help describe the group’s strategy, but its deposits, or credit ratios cannot automatically be assigned to TriState. The FDIC balances below are therefore tied specifically to certificate 58457. The acquisition supplies ownership context, not permission to combine the two insured banks’ financial statements. [1][2][4]
Securities-backed credit is a liquidity product with collateral risk
TriState’s allows eligible investment portfolios to support borrowing without an immediate sale of the pledged investments. The product page offers fixed-rate and -linked variable-rate options and describes uses including real-estate purchases, business investment, renovation, taxes and debt consolidation. SOFR is a reference rate for secured overnight borrowing; linking a loan to it can make the customer’s interest cost change as the reference rate changes. The bank expressly prohibits using these non-purpose credit lines to purchase securities. Actual terms remain subject to the agreement. [6]
The mechanism exchanges immediate cash for a secured obligation while the borrower continues holding market exposure. If pledged assets decline, the lender’s collateral cushion shrinks. Additional collateral, repayment or liquidation may become necessary under the applicable terms. Avoiding a securities sale at origination therefore does not eliminate the possibility of a later sale at an unfavorable time. This is a structural risk of securities-backed lending, not a claim that a particular TriState customer suffered that outcome. [6]
From the bank’s perspective, liquid collateral can be valued and sold more readily than some private business assets, but rapid market moves, concentrated holdings and execution timing still matter. From the advisor’s perspective, access to a bank credit line adds a service around an investment relationship. Those incentives help explain the channel’s commercial appeal while leaving borrower suitability, collateral eligibility and permitted uses dependent on the actual product terms. [3][6]
Institutional deposits support the lending franchise
TriState markets deposit solutions to broker-dealers, trust companies, corporations, investment managers, family offices, nonprofits, universities and other institutional clients. The described uses include operating accounts, regulatory reserves, overnight sweeps, securities-lending cash collateral and merger escrow accounts. This is a different funding proposition from assuming that all deposits are small household checking balances. [7]
Its product menu includes money-market deposit accounts, time deposits and network-based insured-deposit options. Insured Cash Sweep and CDARS place eligible funds across participating banks, subject to agreements, program limits and insurance rules. A network arrangement does not enlarge the standard insurance limit at one bank. Nor does the availability of such products establish what percentage of TriState’s actual June deposits came from any particular program. [7]
These relationships can supply substantial funding, but institutional cash responds to operating needs, investment opportunities and price. An escrow balance may leave when a transaction closes; an investment manager may move when allocation needs change. Those are characteristics of the advertised use cases, not evidence of a current run or unusual outflows. Matching the stability and cost of funding to the liquidity of loans remains an essential feature of the model. [7]
The June bank balance sheet sets the financial scale
At June 30, 2026, TriState reported $24.258 billion of assets, $22.318 billion of deposits, $19.416 billion of net loans and leases and $1.690 billion of total equity capital. Net income of $87.6 million covers January through June. These are standalone bank regulatory amounts, converted from thousands of dollars; they are not Raymond James’ consolidated results or a three-month earnings figure. [2]
Net loans represented 80.0% of assets and 87.0% of deposits, calculated from the same filing. Securities were $2.095 billion and cash and balances due from depository institutions were $2.282 billion. Such ratios show a lending-centered bank but do not reveal unused credit commitments, immediately available borrowing capacity or the maturity distribution of deposits. Total accounting equity is not the same calculation as regulatory risk-based capital. [2]
Gross loans and leases were $19.472 billion, including $3.447 billion secured by real estate and $1.166 billion classified as commercial and industrial loans. Those categories do not exhaust the portfolio; it would be incorrect to label every remaining dollar without the relevant detailed classification. were $58.6 million, or 0.30% of gross loans, at June 30. The figure is a regulatory snapshot, not an annual loss rate, a promise of future credit performance or a combined Raymond James Bank-segment statistic. [2]
TriState’s trajectory thus connects a newly chartered middle-market bank, an advisor-linked private-lending channel and a larger owner with complementary wealth businesses. The available primary history and product pages establish those mechanics, while June FDIC data supplies the bank-specific scale. They do not establish a later-quarter balance sheet or quantify the profitability of each distribution relationship. [2][3][4]
Sources
- FDIC institution directory, October 2, 2026 index; identity reviewed October 5Official sourceBack to text: ↑1↑2
- FDIC June 30, 2026 bank financials; dollar fields in thousands, net income year to dateOfficial sourceBack to text: ↑1↑2↑3↑4↑5
- TriState Capital Bank Our Story: 2007 founding and subsequent milestones; reviewed October 5, 2026SourceBack to text: ↑1↑2↑3↑4↑5↑6↑7
- Raymond James completes TriState acquisition, June 1, 2022; bank-hosted announcementSourceBack to text: ↑1↑2↑3↑4↑5
- TriState Capital biography of James F. Getz; retained primary-source search excerpt reviewed October 5, 2026SourceBack to text: ↑
- TriState securities-based lending product and risk disclosures; reviewed October 5, 2026SourceBack to text: ↑1↑2↑3↑4↑5
- TriState institutional-deposit products and program conditions; reviewed October 5, 2026SourceBack to text: ↑1↑2↑3↑4