Northeastern bank TriState Capital files for a $70 million IPO
TriState Capital, a bank serving middle market businesses primarily in Pennsylvania, New York, New Jersey and Ohio, filed on Tuesday with the SEC to raise up to $70 million in an initial public offering.
The Pittsburgh, PA-based company, which was founded in 2007 and generated $77 million in revenue for the 2012 fiscal year, plans to list on the NASDAQ under the symbol TSC. TriState Capital initially filed confidentially on 2/1/2013. Stephens Inc., Keefe Bruyette Woods and Baird are the joint bookrunners on the deal. No pricing terms were disclosed.