Profile: TriState Capital Holdings Inc (TSC.O)
20 May 2019
TriState Capital Holdings, Inc., incorporated on May 25, 2006, is a bank holding company. The Company's subsidiaries include TriState Capital Bank (the Bank), a Pennsylvania chartered bank; Chartwell Investment Partners, LLC (Chartwell), an investment advisor, and Chartwell TSC Securities Corp. (CTSC Securities). The Company operates through two segments: Bank and Investment Management. The Bank segment provides commercial banking and private banking services to middle-market businesses and high-net-worth individuals through the Bank. The Investment Management segment provides advisory and sub-advisory investment management services to primarily institutional plan sponsors through Chartwell, and also supports distribution and marketing efforts for Chartwell's investment products through CTSC Securities.
The Company offers a range of products and services, including loan and deposit products, cash management services, and capital market services, such as interest rate swaps and investment management products. The Company's liquidity and treasury management services include online balance reporting, online bill payment, remote deposit, liquidity services, foreign exchange and controlled disbursement. The Company's investment management business provides equity and fixed income advisory, and sub-advisory services to third-party mutual funds, series trust mutual funds and to separately managed accounts for a range of clients. The investment management business primarily focuses on ultra-high-net-worth and institutional clients, including corporations, Taft-Hartley funds, municipalities, endowments and foundations.
The Company's loan products include loans secured by cash or marketable securities, commercial and industrial loans, commercial real estate loans, personal loans, asset-based loans, acquisition financing and letters of credit. The Company's loan portfolio primarily consists of loans to its private banking clients, and real estate loans secured by commercial real estate properties. As of December 31, 2016, total loans amounted to $3.01 billion.
The Company's securities portfolio consists of available-for-sale securities, held-to-maturity securities and securities held for trading purposes. Its available-for-sale securities portfolio consists of the United States Government agency obligations, mortgage-backed securities collateralized loan obligations, corporate bonds, single-issuer trust preferred securities and certain equity securities. Its held-to-maturity portfolio consists of certain municipal bonds and corporate bonds. As of December 31, 2016, total investment securities amounted to $0.22 billion.
Sources of Funds
Deposits are the Company's primary source of funds. These sources primarily include deposits from high-net-worth individuals, family offices, trust companies, wealth management firms, middle-market businesses and their executives, and other financial institutions. Its deposits include interest-bearing checking accounts, money market deposit accounts and certificates of deposit. As of December 31, 2016, total deposits amounted to $3.29 billion.
TriState Capital Holdings Inc
301 Grant St Ste 2700
PITTSBURGH PA 15219-6414