PITTSBURGH--(BUSINESS WIRE)--TriState Capital Holdings, Inc. (Nasdaq: TSC) announced that affiliates of Lovell Minnick Partners LLC have agreed to sell 2,678,049 shares of TriState Capital common stock in an underwritten public offering. Barclays Capital Inc. is acting as the sole book-running manager for the offering.

TriState Capital is not selling any stock in this transaction and will not receive any proceeds from the secondary offering.

Lovell Minnick funds have been equity investors in TriState Capital since August 2012. Following the offering, the Lovell Minnick funds will no longer hold shares in TriState Capital.

ABOUT TRISTATE CAPITAL

TriState Capital Holdings, Inc. (Nasdaq: TSC) is a bank holding company headquartered in Pittsburgh, Pa., providing commercial banking, private banking and investment management services to middle-market companies, institutional clients and high-net-worth individuals. Its TriState Capital Bank subsidiary had $7.7 billion in assets, as of December 31, 2019, and serves middle-market commercial customers through regional representative offices in Pittsburgh, Philadelphia, Cleveland, Edison, N.J., and New York City, as well as high-net-worth individuals nationwide through its national referral network of financial intermediaries. Its Chartwell Investment Partners subsidiary had $9.7 billion in assets under management, as of December 31, 2019, and serves institutional clients and TriState Capital’s financial intermediary network.