James F. Getz is founder of Pennsylvania’s TriState Capital, headquartered in Pittsburgh. Currently, James F. Getz serves the bank in a number of executive positions, including president, chairman, and chief executive officer.
This past April TriState Capital Bank finalized a plan at least six years in the making when it officially became a publicly traded company. The announcement, made shortly after the bank filed the necessary S-1 form with the United States Securities and Exchange Commission, came in the wake of a particularly strong stock market. In fact, TriState had initially planned to make its first public offering by 2011 (or four years after launching), but decided to wait until the appropriate pricings could be made to help ensure a successful public offering. TriState primarily will utilize the net proceeds of the offering to expand its services through the acquisition of wealth management businesses, as well as to reinforce already acquired wealth management operations. Despite its being just the fourth start-up bank in Pittsburgh over the last half-century, TriState’s rise has been rapid. Its decision to go public only underscores how successful the bank has been.
This past April TriState Capital Bank finalized a plan at least six years in the making when it officially became a publicly traded company. The announcement, made shortly after the bank filed the necessary S-1 form with the United States Securities and Exchange Commission, came in the wake of a particularly strong stock market. In fact, TriState had initially planned to make its first public offering by 2011 (or four years after launching), but decided to wait until the appropriate pricings could be made to help ensure a successful public offering. TriState primarily will utilize the net proceeds of the offering to expand its services through the acquisition of wealth management businesses, as well as to reinforce already acquired wealth management operations. Despite its being just the fourth start-up bank in Pittsburgh over the last half-century, TriState’s rise has been rapid. Its decision to go public only underscores how successful the bank has been.