Davis Polk advised the underwriter in connection with the $59.9 million secondary offering of 2,678,049 shares of common stock of TriState Capital Holdings, Inc. by selling shareholders LM III TriState Holdings LLC and LM III-A TriState Holdings LLC. TriState Capital’s common stock is traded on Nasdaq under the symbol “TSC.”
TriState Capital is a bank holding company headquartered in Pittsburgh, Pennsylvania and serves middle-market businesses and high-net-worth individuals in Pennsylvania, Ohio, New Jersey and New York.
The Davis Polk corporate team included partner Michael Kaplan, counsel Jeffrey S. Ramsay and associate Chris Van Buren. The financial institutions group included partner John Banes and associate Greg Swanson. Partner Mario J. Verdolini and associate Tomislava Dragicevic provided tax advice. All members of the Davis Polk team are based in the New York office.