NEW YORK--(BUSINESS WIRE)--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.
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