{"id":17707,"date":"2021-10-21T09:07:53","date_gmt":"2021-10-21T16:07:53","guid":{"rendered":"https:\/\/marketdepth.com\/?p=17707"},"modified":"2021-10-21T09:07:54","modified_gmt":"2021-10-21T16:07:54","slug":"raymond-james-financial-announces-definitive-agreement-to-acquire-tristate-capital-holdings","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/raymond-james-financial-announces-definitive-agreement-to-acquire-tristate-capital-holdings\/","title":{"rendered":"Raymond James Financial Announces Definitive Agreement to Acquire TriState Capital Holdings"},"content":{"rendered":"\n

Raymond James Financial, Inc. (NYSE: RJF) and TriState Capital Holdings, Inc. (NASDAQ: TSC) have entered a definitive agreement<\/a> where Raymond James will acquire TriState Capital in a combined cash and stock transaction at a value of USD 1.1 Billion.\u00a0 TriState Capital common stockholdings will receive USD 6 cash and 0.25 Raymond James shares for each share of TriState Capital Common stock or a represented consideration of USD 31.09 based on closing value of Raymond James common stock on October 19th, 2021.\u00a0 \u201cTriState Capital has a terrific, client-centric franchise focused on serving clients with premier private banking, commercial banking and niche investment management products and services,\u201d said Paul Reilly, Chairman and CEO of Raymond James. \u201cAs we have followed the firm and management team over the past several years,\u00a0including as its largest deposit client, we\u2019ve admired its leadership position in offering securities-based lending\u00a0through a scalable and robust technology platform. Importantly, this acquisition further illustrates our commitment to utilize excess capital through organic and inorganic growth that we expect to drive strong returns for shareholders over the long term.\u201d<\/p>\n\n\n\n

\u201cWe founded TriState Capital 14 years ago because we saw an incredible opportunity to build a successful company built on a commitment to independence, a long-term perspective, integrity, and putting clients squarely at the center of everything we do and every decision we make. Raymond James shares those values and allows us to be part of one of the most highly regarded financial services companies in the nation. Our clients will continue to benefit from working with the same talented\u00a0teams and the TriState Capital and Chartwell brands they already know so well, along with the technology we\u2019ve\u00a0invested in to provide an exceptional and responsive client experience. Raymond James\u2019 strong balance sheet will\u00a0provide supplemental capital and liquidity to continue enabling our fast-growing and highly scalable business model to meet clients\u2019 commercial and securities-based lending and asset management needs.\u201d<\/p>Jim Getz, Chairman and CEO of TriState Capital\u00a0Holdings<\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"Raymond James Financial, Inc. (NYSE: RJF) and TriState Capital Holdings, Inc. (NASDAQ: TSC) have entered a definitive agreement where Raymond James will acquire TriState Capital in a combined cash and stock transaction at a value of USD 1.1 Billion.\u00a0 TriState Capital common stockholdings will receive USD 6 cash and 0.25 Raymond James shares for each… View Article<\/a>","protected":false},"author":3,"featured_media":17274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[31,17,11,16],"tags":[],"acf":[],"yoast_head":"\nRaymond James Financial Announces Definitive Agreement to Acquire TriState Capital Holdings - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/raymond-james-financial-announces-definitive-agreement-to-acquire-tristate-capital-holdings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raymond James Financial Announces Definitive Agreement to Acquire TriState Capital Holdings - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"Raymond James Financial, Inc. (NYSE: RJF) and TriState Capital Holdings, Inc. (NASDAQ: TSC) have entered a definitive agreement where Raymond James will acquire TriState Capital in a combined cash and stock transaction at a value of USD 1.1 Billion.\u00a0 TriState Capital common stockholdings will receive USD 6 cash and 0.25 Raymond James shares for each... 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