TriState Capital Holdings (TSC) in Pittsburgh has raised $35 million through a private placement of subordinated debt.

The proceeds qualify as Tier 2 capital for the $2.5 billion-asset company. The notes, which are set to mature in July 2019, have a 5.75% fixed interest rate.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.