Strong Growth Recognition TriState Capital Bank was ranked 84th on the 2024 Monitor 100 list, reflecting its significant asset growth with a 59.1% year-over-year increase in 2023. This suggests active expansion and a potentially high demand for financial services related to asset management, commercial banking, and private banking solutions.
Private Banking Expansion The recent hiring of multiple senior relationship managers and vice presidents for its private banking division indicates a strategic focus on expanding wealth management and high-net-worth individual services, presenting opportunities for personalized financial advisory, estate planning, and specialized banking products.
Regional Network Presence With regional offices in key markets including Philadelphia, Cleveland, Edison, and New York, TriState Capital Bank offers an accessible platform for businesses and high-net-worth clients in these areas. This regional footprint can be leveraged to introduce tailored banking solutions and expand local client relationships.
Asset Growth Opportunities TriState Capital's substantial revenue in the $100M-$250M range and recent asset growth position it as a promising target for additional financial products such as lending, equipment financing, and treasury services aimed at middle-market businesses and private clients.
Technological Advancement The bank’s use of modern tech stacks like Microsoft Azure Data Factory, Google Cloud, and HTTP/3 indicates a focus on digital transformation and data-driven decision making, opening avenues for offering innovative banking technology solutions, cybersecurity services, and advanced data analytics tools to support their operational growth.