TriState Capital Bank, established in 2007, is one of the nation’s fastest growing banks and has a focus on middle-market businesses, executives and high-net-worth individuals. In 2014, TriState announced the acquisition of Chartwell Investment Partners, an investment management firm with $9.9 billion in assets under management.
Northwood participated in a $50 million equity financing in 2008 and in a follow-on offering in 2010 in support of the bank’s continued growth. In 2013,TriState completed an initial public offering raising $75 million. (NASDAQ:TSC) Northwood’s position was liquidated through open-market sales through 2014. tristatecapitalbank.com