Raymond James Financial, a financial services company, agreed to acquire TriState Capital Holdings, a bank holding company, for $1.1bn. “TriState Capital has a terrific, client-centric franchise focused on serving clients with premier private banking, commercial banking and niche investment management products and services. As we have followed the firm and management team over the past several years, including as its largest deposit client, we’ve admired its leadership position in offering securities-based lending through a scalable and robust technology platform. Importantly, this acquisition further illustrates our commitment to utilize excess capital through organic and inorganic growth that we expect to drive strong returns for shareholders over the long term," Paul Reilly, Raymond James Chairman and CEO.