TriState Capital Holdings, Inc., Rings NASDAQ Opening Bell
PITTSBURGH--(BUSINESS WIRE)-- To commemorate the first day of trading on the NASDAQ Global Select Market for TriState Capital Holdings, Inc., ("TriState Capital"), the holding company for TriState Capital Bank, the company's founders rang the Opening Bell at the NASDAQ MarketSite in New York City this morning.
TriState Capital's founders ring the NASDAQ opening bell on the company's first day of trading, Thursday, May 9, 2013 (from left to right: Mark Sullivan, Jim Getz, Bill Schenck). (Photo: Business Wire)
Founders Jim Getz, chairman and chief executive officer; Bill Schenck, vice chairman; and Mark Sullivan, vice chairman and chief financial officer, opened the first day of trading for TriState Capital in Times Square, and celebrated with close family, friends and colleagues by watching the company's first stock get traded.
The common stock is now officially listed on NASDAQ, trading under the symbol "TSC."
"When we founded TriState Capital six years ago, we saw an opportunity to build a bank from the ground up, combining the capabilities of a large financial institution with the personalized service of a smaller bank," said Getz. "We soon became one of the fastest-growing banks in the nation, and today TriState Capital has achieved another milestone that will help it to continue that progress. Bill, Mark and I thank everyone who helped us get to this point and we look forward to an exciting future as a publicly traded company with continued success in serving our clients."
TriState Capital Holdings, Inc., joins some of the world's most progressive and innovative companies by listing on the NASDAQ Stock Market, which is home to more than 550 financial and real estate companies—more than any other U.S. exchange. This year, NASDAQ has welcomed eleven IPOs in the financial sector.
"Since its foundation, TriState Capital Holdings has targeted the community of middle market businesses, executives and high-net-worth individuals, and has created an institution that focuses primarily on the needs of this middle client base," said Nelson Griggs, senior vice president, NASDAQ OMX. "Like many of NASDAQ's listed companies, TriState Capital began with an idea and an opportunity, which has since resulted in TriState Capital becoming one of the fastest growing banks in the nation. We are proud to welcome TriState Capital to the NASDAQ family, and look forward to watching its continued growth as a public company."
About TriState Capital Holdings, Inc.
TriState Capital Holdings, Inc. is the registered bank holding company for TriState Capital Bank, a commercial bank serving middle market businesses, professionals and high net worth individuals. Headquartered in Pittsburgh, Pa., TriState Capital has representative offices in Philadelphia, Cleveland, Princeton, N.J. and New York City, and serves private banking clients nationwide. Established in 2007, TriState Capital had assets of approximately $2.1 billion as of March 31, 2013. For more information, please visit www.tristatecapitalbank.com.
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets including 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-55 microsecond average speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,300 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500) The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
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for TriState Capital Holdings, Inc.
Jack Horner, 267-932-8760 ext. 302
Mike Gross, 267-932-8760 ext. 310
The NASDAQ OMX Group, Inc.
Jennifer Knapp, 212-401-8916
KEYWORDS: United States North America New York Pennsylvania
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