Kroll Bond Rating Agency Releases Comment on TriState Capital Acquisition

NEW YORK--()--Kroll Bond Rating Agency (KBRA) released a comment on the acquisition by TriState Capital Holdings, Inc. (“TriState”) of The Killen Group, Inc. (TKG). The TKG transaction compliments TriState’s Chartwell subsidiary as it further improves the level of relatively stable fee revenues and significantly boosts and diversifies assets under management. In June of 2015, KBRA affirmed the senior unsecured debt rating of BBB, subordinated debt rating of BBB- and the short-term rating of K3 for TriState Capital Holdings, Inc. In addition, KBRA affirmed the deposit rating of BBB+ and the short-term rating of K2 for TriState Capital Holding, Inc.’s subsidiary, TriState Capital Bank. The outlook on all ratings is stable.

Please use the following link to access the report: https://www.krollbondratings.com/show_report/3505.

The ratings are based on KBRA’s Global Bank and Bank Holding Company Rating Methodology published on January 28, 2015.

About Kroll Bond Rating Agency

KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).

Contacts

Kroll Bond Rating Agency
Analytical:
Ashley Phillips, 240-394-4150
Associate
aphillips@kbra.com
or
Joe Scott, 646-731-2438
Senior Director
jscott@kbra.com
or
Chris Whalen, 646-731-2366
Senior Managing Director
cwhalen@kbra.com
or
Follow us on Twitter!
@KrollBondRating

Contacts

Kroll Bond Rating Agency
Analytical:
Ashley Phillips, 240-394-4150
Associate
aphillips@kbra.com
or
Joe Scott, 646-731-2438
Senior Director
jscott@kbra.com
or
Chris Whalen, 646-731-2366
Senior Managing Director
cwhalen@kbra.com
or
Follow us on Twitter!
@KrollBondRating