By Lisa Kerner
Charlotte, N.C., June 9 – TriState Capital Holdings, Inc. completed a private placement of $35 million of 5.75% five-year subordinated notes.
Proceeds will help fund growth and may be used to invest in TriState Capital Bank and Chartwell Investment Partners, Inc. and for other general corporate purposes.
Stephens Inc. was placement agent, according to a company news release.
TriState is a bank holding company based in Pittsburgh.
| Issuer: | TriState Capital Holdings, Inc.
|
| Issue: | Subordinated notes
|
| Amount: | $35 million
|
| Coupon: | 5.75%
|
| Maturity: | July 1, 2019
|
| Agent: | Stephens Inc.
|
| Distribution: | Private placement
|
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