Raymond James to buy financial services firm for $1.1 billion

Raymond James to buy financial services firm for $1.1 billion
·2 min read

Raymond James Financial Inc. plans to buy a Pittsburgh business bank for $1.1 billion. St. Petersburg-based Raymond James on Wednesday said it plans to acquire TriState Capital Holdings in a combination cash and stock transaction. TriState has over $12 billion in assets and operates a branchless bank model.

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