Raymond James to acquire $12B financial services firm

The deal with Pittsburgh-based TriState Capital Holdings is valued at approximately $1.1 billion.

  • By Business Observer Staff
  • | 10:15 a.m. October 21, 2021
Unsplash/Cytonn Photography. Raymond James has agreed to acquire TriState Capital Holdings for approximately $1.1 billion.
Unsplash/Cytonn Photography. Raymond James has agreed to acquire TriState Capital Holdings for approximately $1.1 billion.
  • Tampa Bay-Lakeland
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ST. PETERSBURG — Raymond James Financial Inc. (NYSE: RJF) has inked a deal to acquire TriState Capital Holdings Inc. (NASDAQ: TSC), a Pittsburgh-based financial services firm that boasts more than $12 billion in assets, for $1.1 billion in cash and stock.

 

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