Raymond James completes $1.1B deal for Pittsburgh financial services firm

TriState Capital Holdings and its subsidiary will continue to operate under their established brands.

  • By Business Observer Staff
  • | 10:20 a.m. June 1, 2022
  • | 0 Free Articles Remaining!
Photo courtesy of Cytonn Photography/Unsplash.com
Photo courtesy of Cytonn Photography/Unsplash.com
  • Tampa Bay-Lakeland
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St. Petersburg-based Raymond James Financial Inc. (NYSE: RJF) has completed its acquisition of 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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