TriState Capital Closes $105 Million Capital Raise, Issuing Common Equity, Convertible Preferred Stock and Warrants to Funds Managed by Stone Point Capital LLC

PITTSBURGH--(BUSINESS WIRE)--TriState Capital Holdings, Inc. (Nasdaq: TSC) (“TriState Capital” or the “company”) on Wednesday completed its previously announced plans to raise $105 million in capital, pursuant to its October 10, 2020 definitive investment agreement with funds managed by Stone Point Capital LLC (“Stone Point”).