TriState Capital
- Company typePrivate
- Founded2007
- HeadquartersPittsburgh, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What TriState Capital does
TriState Capital Bank is a Pennsylvania-chartered commercial bank founded in 2007 and headquartered in Pittsburgh, operating as a wholly owned subsidiary of Raymond James Financial since its June 2022 acquisition. The bank holds more than $23 billion in assets and serves two core customer groups: middle-market companies with annual revenues of $10M–$300M, and high-net-worth individuals, family offices, trusts, and financial advisors. It runs a branchless, relationship-led model distributed through regional offices in Pennsylvania (Western and Eastern), New York City, New Jersey, Ohio, and Virginia, with national reach in private banking and institutional deposits layered through the Raymond James distribution network.
The product set is organized around two divisions: Lending (Commercial Real Estate, Equipment Finance, Middle Market Solutions, Securities-Based Lending, Insurance-Based Lending, and Financial Advisor Solutions) and Liquidity (Treasury Management, Family Office deposit solutions, and National Deposits for financial institutions). The technology stack centers on proprietary digital platforms including the Digital Lending Platform for advisors, the myAccess Borrower Platform for real-time loan visibility, AdvantageTSC Direct for treasury management, and Positive Pay/ACH fraud prevention services. Revenue is generated primarily through net interest income on the lending portfolio (commercial real estate, middle market, equipment finance $1M–$10M, and securities/insurance-based lines), supplemented by treasury management fees, private banking fees, and deposit-related spread economics; pricing is relationship-based and not publicly disclosed.
Customer acquisition is executed through dedicated relationship managers, regional presidents, and a national sales director for Private Bank lending, complemented by referral partnerships with broker-dealers, RIAs, trust companies, and family offices. The bank's go-to-market emphasizes customized, fast-approval credit delivery in segments underserved by large standardized institutions, supported by Kroll A/K1 credit ratings, FDIC-insured deposits, and recognition including Fortune 100 Fastest-Growing Companies (2017–2019) and six consecutive years of Monitor equipment finance accolades.
TriState Capital firmographics
Firmographics- Name
- TriState Capital
- Legal name
- TriState Capital Bank
- Website
- https://tristatecapitalbank.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
TriState Capital industry classification
Industry- Product category
- Commercial Banking
- NAICS
- Commercial Banking (52211), Activities Related to Credit Intermediation (5223)
- SIC
- State Commercial Banks (6022), Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- SME Trade Finance & Working Capital (LCs, Guarantees, Receivables) (FSABABAF)
- akta.pro secondary industry
- Liquidity & Cash Concentration (Sweeping, pooling, notional pooling) (FSABAIAC)
Keywords
Where TriState Capital is headquartered
LocationHeadquarters
- HQ city
- Pittsburgh
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
TriState Capital business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Net Interest Income: Interest income generated from the bank's lending portfolio including commercial real estate loans, middle market loans, equipment finance, securities-based lending, and insurance-based lending. The bank offers both variable rate (SOFR-based) and fixed rate loan products.
- Treasury Management Fees: Fee income from treasury and liquidity management services including deposit solutions, cash management, escrow services, settlement distribution, and payment processing for institutional clients, family offices, and commercial entities.
- Private Banking Fees: Fee income from securities-based lending (SBLOCs) and insurance-based lines of credit offered through the Private Bank to high-net-worth individuals, family offices, trusts, and business entities.
- Deposit Products: Interest expense from deposit products including money market deposit accounts, certificates of deposits (ICS, CDARS programs), and relationship-based deposit pricing for institutional clients and family offices.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | Variable Rate Insurance-Based Line of Credit ($100K-$499K) |
| Usage-based | Monthly | Variable Rate Insurance-Based Line of Credit ($500K-$999K) |
| Usage-based | Monthly | Insurance-Based Line of Credit ($1M+) |
| Usage-based | Multi-year contract | Fixed Rate Non-Revolving Insurance-Based Line of Credit |
| Unit Pricing | Monthly | Equipment Finance ($1M-$10M) |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
TriState Capital product offering
Product offeringCore offering
TriState Capital Bank is a Pennsylvania-chartered commercial bank offering lending and liquidity solutions to middle-market businesses (annual revenues $10M-$300M), high-net-worth individuals, family offices, financial advisors, and commercial real estate owners. Its lending portfolio includes commercial real estate, equipment finance ($1M-$10M), middle market loans, securities-based lines of credit (SBLOCs), and insurance-based lines of credit, while its liquidity solutions span treasury management, family office deposit services, and institutional deposit products through CDARS and ICS programs. The bank operates proprietary digital platforms for loan origination, borrower account management, and treasury management services.
Product overview
TriState Capital Bank is a Pennsylvania-chartered commercial bank with assets exceeding $23 billion, operating as a subsidiary of Raymond James Financial since 2022. The bank offers a comprehensive suite of lending and liquidity solutions organized around two primary divisions: Lending and Liquidity. The Lending division encompasses Commercial Real Estate (construction, bridge, and income property financing), Equipment Finance (leasing and loans from $1M-$10M), Financial Advisor Solutions (private bank lending for advisors and their high-net-worth clients), Insurance-Based Lending (policy cash value lines of credit), Middle Market Solutions (serving companies with $10M-$300M revenues), and Securities-Based Lending/SBLOC (pledging marketable securities as collateral). The Liquidity division includes Treasury Management (comprehensive cash management, fraud prevention, and specialized services for 1031 exchanges, settlement distribution, and escrow), Family Offices (custom deposit solutions for SFOs and MFOs), and National Deposits (institutional deposit products for financial institutions). The bank operates a Digital Lending Platform and myAccess Borrower Platform for 24/7 digital banking access, along with AdvantageTSC Direct for treasury management services. TriState Capital serves middle-market businesses, financial advisors, family offices, and high-net-worth individuals through regional offices across Pennsylvania, New York, New Jersey, Ohio, and nationally.
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial Real Estate Fast and flexible commercial real estate lending options including construction financing, bridge loans, income property financing, and letters of credit for owners, developers, investors, and homebuilders.
- Equipment Finance
- Financial Advisor Solutions
- Insurance-Based Lending
- Middle Market Solutions
- Securities-Based Lending (SBLOC)
- Treasury Management
- Family Offices
- National Deposits (Financial Institutions)
Quantifiable outcome
- 28.5% YOY growth in equipment finance new business volume ($313M in new business)
- +3 more outcomes
Companies that use TriState Capital
Customer profileNamed customers4 records
Segments6 records
Ideal customer profiles5 records
TriState Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature4 records
TriState Capital partnerships and signals
Strategic signalScale indicators8 records
Recent moves8 records
Expansion highlights5 records
TriState Capital competitors and assessment
Company assessmentDirect peers
- FNB Corporation: Pennsylvania-headquartered regional bank operating commercial banking, wealth management, and treasury management across the Northeast and Mid-Atlantic, directly mirroring TriState Capital's footprint, middle-market focus, and product mix.
- Northwest Bancshares: Mid-Atlantic and Midwest regional bank with a similar mix of commercial lending and consumer deposit gathering, operating in geographies overlapping Pennsylvania and Ohio where TriState has meaningful presence.
- Customers Bancorp: Pennsylvania-based commercial bank with strong middle-market and small-business lending franchise, comparable to TriState Capital's commercial banking, commercial real estate, and specialty lending focus.
- WSFS Financial Corporation: Philadelphia-area bank and wealth management franchise with comparable Mid-Atlantic commercial lending and private banking offerings, including deposit and treasury management services that overlap with TriState's Liquidity division.
- Atlantic Union Bankshares: Virginia-headquartered regional commercial bank with strong commercial real estate and middle-market banking franchises across the Mid-Atlantic, directly comparable to TriState Capital's lending verticals in that geography.
- NBT Bancorp: Northeast regional bank offering commercial banking, wealth management, and treasury services across New York, Pennsylvania, and New England—geographies that overlap substantially with TriState Capital's footprint.
Broad incumbents
- M&T Bank Corporation: Large Northeast/Mid-Atlantic super-regional with deep commercial banking, commercial real estate, equipment finance (M&T Equipment Finance), and treasury management offerings that compete with TriState Capital across nearly every vertical.
- Huntington Bancshares: Midwest-to-Mid-Atlantic regional bank with a strong middle-market commercial banking, equipment finance, and treasury management franchise that competes with TriState Capital in commercial real estate and equipment finance.
- Comerica Incorporated: National middle-market commercial bank with comparable middle-market C&I lending, commercial real estate, equipment finance, and treasury management offerings and a comparable relationship-led GTM motion.
Regional players
- First Commonwealth Financial Corporation: Pennsylvania-based regional commercial bank serving middle-market and consumer clients in overlapping Western Pennsylvania markets, providing a close regional comp for TriState Capital's Pittsburgh-area franchise.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
TriState Capital compliance and trust
Trust signalCompliance3 records
TriState Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
TriState Capital leadership team
Management profileNumber of profiles
Profiles25 records
TriState Capital subsidiaries and ownership
Company hierarchySubsidiaries1 record
TriState Capital funding detail
Funding detailFunding overview
Funding rounds6 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TriState Capital M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TriState Capital
What does TriState Capital do?
TriState Capital Bank is a Pennsylvania-chartered commercial bank offering lending and liquidity solutions to middle-market businesses (annual revenues $10M-$300M), high-net-worth individuals, family offices, financial advisors, and commercial real estate owners. Its lending portfolio includes commercial real estate, equipment finance ($1M-$10M), middle market loans, securities-based lines of credit (SBLOCs), and insurance-based lines of credit, while its liquidity solutions span treasury management, family office deposit services, and institutional deposit products through CDARS and ICS programs. The bank operates proprietary digital platforms for loan origination, borrower account management, and treasury management services.
Is TriState Capital a public or private company?
TriState Capital is a private company. It is classified as corporate owned and is currently operating.
When was TriState Capital founded?
TriState Capital was founded in 2007. It employs 251 to 500 people.
Where is TriState Capital based?
TriState Capital is headquartered in Pittsburgh, United States, in the North America region.
How does TriState Capital make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are treasury Management Fees, private Banking Fees and deposit Products.
Who are TriState Capital's main competitors?
Direct peers on record are FNB Corporation, Northwest Bancshares, Customers Bancorp, WSFS Financial Corporation, Atlantic Union Bankshares and NBT Bancorp. Broad incumbents are M&T Bank Corporation, Huntington Bancshares and Comerica Incorporated. First Commonwealth Financial Corporation is listed as a regional player.
Does TriState Capital have an API?
No public API is recorded for TriState Capital.
What industry is TriState Capital in?
TriState Capital's product category is Commercial Banking. Its primary akta.pro industry code is FSABABAF, SME Trade Finance & Working Capital (LCs, Guarantees, Receivables), with a secondary code of FSABAIAC, Liquidity & Cash Concentration (Sweeping, pooling, notional pooling). Its NAICS code is 52211 and its SIC code is 6022.