A finance executive with nearly 40 years of experience, James F. Getz is the Chairman, President and CEO of TriState Capital Bank in Pittsburgh.
The years of 2008-2010 were not a good time for the financial industry. It was certainly not a good time to be opening a new bank, while others were closing their doors. TriState Capital Bank was founded as an $85 million startup in 2007, with plans to develop the company in Pennsylvania, Ohio, and New Jersey. The bank was able to meet all of its early goals, and was not negatively affected by the downturn.
The newness of TriState Capital Bank turned out to be its strength. Because the bank had no “legacy issues” or bad loans made during the housing bubble, it had plenty of funds to lend during the worst times of the financial crisis. While other banks have had to curtail their lending in the past four or five years, TriState Capital Bank has grown to include offices in four states with assets of nearly $2 billion. TriState Capital Bank specializes in banking for mid-sized businesses, and typically makes loans of around $4.5 million to family-owned companies.