Last $9.46 USD
Change Today -0.045 / -0.47%
Volume 17.8K
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As of 11:37 AM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

One Oxford Centre

Suite 2700

301 Grant Street

Pittsburgh, PA 15219

United States

Phone: 412-304-0304

Fax:

TriState Capital Holdings, Inc. operates as the bank holding company for TriState Capital Bank that provides banking products and services. The company provides its products and services through its main office located in Pittsburgh, Pennsylvania, as well as through its four additional representative offices in Cleveland, Ohio; Philadelphia, Pennsylvania; Princeton, New Jersey; and New York, New York. Lending Activities The company’s loan portfolio consists primarily of commercial and industrial loans, real estate loans secured by commercial real estate properties, and personal loans to its private banking clients. Commercial and Industrial Loans: The company’s commercial and industrial loan portfolio includes loans made to service companies or manufacturers generally for the purpose of production, operating capacity, accounts receivable, inventory or equipment financing acquisitions and recapitalizations. The company’s commercial and industrial loans include both working capital lines of credit and term loans. The company’s commercial and industrial term loans have maturities between three to five years, and typically do not extend beyond seven years. Commercial Real Estate Loans: The company concentrates on making commercial real estate loans to experienced borrowers that have an established history of successful projects. Real Estate Term Loans: The company’s real estate term loans include credit secured by various types of income-producing properties, owner-occupied term loans and multifamily/apartment loans. Construction Loans: The company’s residential construction loans are typically for single-family residential properties. The company’s other construction loans are typically for projects used in manufacturing, warehousing, office, service, retail and multifamily housing. These loans are usually floating rate loans. Land Development Loans: The company’s land development loans include loans to finance the purchase and development of land for sale. The company makes these loans on a limited basis. Private Banking-Personal Loans: The company’s private banking-personal loans, along with certain of its loans classified as commercial loans, are sourced through its private banking channel, which operates on a national basis. These loans consist primarily of loans made to high net worth individuals that might be secured by cash, marketable securities, residential property or other financial assets. The company also has a limited number of unsecured loans and lines of credit in its private banking-personal loan portfolio that have been made to creditworthy borrowers. Private Equity Lending The company makes loans to companies owned by private equity funds. A majority of the private equity funds that support these borrowers are located within its primary markets. Deposits The company’s deposit products include, among others, checking accounts, money market deposit accounts, certificates of deposit, and Promontory’s CDARS and Insured Cash Sweep services. The company also offers cash management services, including online balance reporting, online bill payment, remote deposit, liquidity services, wire and ACH services and collateral disbursement. Investment Portfolio The company’s investment portfolio includes corporate bonds, trust preferred securities, non-agency mortgage-backed securities, agency collateralized mortgage obligations, agency mortgage-backed securities, and agency debentures. Business Strategy The company’s business strategy includes the following: focus on efficient and profitable sales and distribution of middle market business and private banking products and services; place an uncompromising emphasis on effective risk management as an integral component of organizational culture; employ highly experienced personnel across entire organization; and follow efficient and scalable operating model. Regulations The company is a bank holding company registered under the Bank Holding Company Act of 1956, as amended, and is subject to supervision, regulation and examination by the Federal Reserve. The bank is a commercial bank chartered under the laws of the state of Pennsylvania that is not a member of the Federal Reserve System and is subject to supervision, regulation and examination by the Pennsylvania Department of Banking and Securities and the Federal Deposit Insurance Corporation. The bank is subject to various laws and regulations intended to protect consumers in transactions with the bank. These laws include the Electronic Fund Transfer Act, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, the Real Estate Procedures Act of 1974, the S.A.F.E. Mortgage Licensing Act of 2008, the Truth in Lending Act, and the Truth in Savings Act. History TriState Capital Holdings, Inc. was founded in 2007.

 

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TSC

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Valuation TSC Industry Range
Price/Earnings 24.2x
Price/Sales 4.2x
Price/Book 0.9x
Price/Cash Flow 24.2x
TEV/Sales NM Not Meaningful
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