TRISTATE CAPITAL HOLDINGS, INC. (NASDAQ:TSC) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operations and Financial Condition.
On January24, 2018, TriState Capital Holdings, Inc. issued a press release which disclosed results of operations for the three months and year ended December 31, 2017. A copy of the press release is included as Exhibit 99 to this report.
The information in this report, including the exhibit attached hereto, is furnished solely to Item 2.02 of this Form 8-K and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.
Item 8.01. Other Events.
On January24, 2018, TriState Capital Holdings, Inc. entered into a definitive agreement to acquire the clients and client contracts and certain other assets of the fixed income business and equity business of Columbia Partners, L.L.C., Investment Management. Institutional accounts with up to $1 billion in client assets under management (AUM) are expected to move from Columbia to Chartwell upon closing of the transaction. Columbia Partners and the board of directors of TriState Capital have approved the transaction. Closing is anticipated during the first half of 2018, subject to regulatory requirements, certain Columbia Partners client consents, and other customary closing conditions and adjustments.
Item 9.01. Financial Statements and Exhibits.
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Press release dated January24, 2018, filed herewith, for item 2.02. |
TriState Capital Holdings, Inc. ExhibitEX-99 2 tsc-pressrelease1x24x2018.htm EXHIBIT 99 Exhibit EXHIBIT 99FOR IMMEDIATE RELEASETRISTATE CAPITAL REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTSFourth quarter 2017 EPS grew 55.6%,…To view the full exhibit click here
About TRISTATE CAPITAL HOLDINGS, INC. (NASDAQ:TSC)
TriState Capital Holdings, Inc. is a bank holding company. The Company’s subsidiaries include TriState Capital Bank (the Bank), a Pennsylvania chartered bank; Chartwell Investment Partners, Inc. (Chartwell), an investment advisor, and Chartwell TSC Securities Corp. (CTSC Securities). The Company operates through two segments: Bank and Investment Management. The Bank segment provides commercial banking and private banking services through the Bank. The Investment Management segment provides advisory and sub-advisory investment management services to primarily institutional plan sponsors through Chartwell, and also provides distribution and marketing services for Chartwell’s investment products through CTSC Securities. The Company’s cash management services include online balance reporting, online bill payment, remote deposit, liquidity services, wire and Automated Clearing House (ACH) services, foreign exchange and controlled disbursement.
