TriState Capital Holdings in Pittsburgh has filed to hold an initial public offering.
The $2.1 billion-asset company filed a registration statement with the Securities and Exchange Commission on Tuesday. The filing did not disclose the timing or price range for the offering.
Last summer, Lovell Minnick Partners invested $50 million in TriState. Jim Minnick, the private equity firm's president and managing director, joined TriState's board.
TriState opened in 2007 and has offices in Pittsburgh, Philadelphia, New York, Cleveland and Princeton, N.J. The company serves middle-market businesses, professionals and high-net-worth individuals.
The company earned $9.1 million last year and had a total risk-based capital ratio of 11.88% at Dec. 31.
