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TriState Capital Hires Gene McCarthy as Regional President of New Jersey Office
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
TriState Capital Holdings, Inc. (NASDAQ: TSC) announced the appointment of Gene McCarthy as the new regional president of TriState Capital Bank in New Jersey. McCarthy, who has over 20 years of experience in financial services, replaces Ken Orchard, who recently retired. His role will focus on enhancing the bank's performance and expanding its market presence through new and existing commercial opportunities. This strategic leadership change aims to strengthen the bank's commitment to delivering customized lending and treasury management solutions.
Positive
Appointment of Gene McCarthy is expected to enhance leadership in New Jersey.
McCarthy's extensive experience could improve market penetration and client relationships.
Negative
Succession of Ken Orchard may raise concerns about continuity in leadership.
Experience gap may exist as McCarthy transitions into a regional president role.
PITTSBURGH & EDISON, N.J.--(BUSINESS WIRE)--
TriState Capital Holdings, Inc. (Nasdaq: TSC) announced that Gene McCarthy has joined the company as TriState Capital Bank regional president, New Jersey. McCarthy is responsible for the region’s overall performance and future strategic direction as well as developing and growing new and existing commercial markets. He succeeds Ken Orchard, who retired earlier this year.
TriState Capital hires Gene McCarthy as TriState Capital Bank regional president, New Jersey. (Photo: Business Wire)
“We are excited to add Gene’s leadership to our talented commercial banking team in New Jersey,” said TriState Capital Bank’s president and CEO, Brian Fetterolf. “His veteran experience and market knowledge make him the perfect fit for expanding our strong team, our support for our clients, and our presence in the market, where we focus on providing customized commercial lending and treasury management solutions.”
McCarthy has more than 20 years of financial services experience and most recently was first senior vice president and market executive with FirstBank. Earlier in his career, McCarthy was lead senior managing director and has also been director of real estate and commercial banking at various institutions.
“I’m excited to join one of the fastest growing middle-market commercial banks in the country,” said McCarthy. “I’m eager to continue building relationships with current and potential clients as TriState Capital’s top-notch talent continues to provide creative solutions and outstanding customer service.”
McCarthy holds a Bachelor of Arts in economics from Bucknell University.
ABOUT TRISTATE CAPITAL
TriState Capital Holdings, Inc. (Nasdaq: TSC) is a bank holding company headquartered in Pittsburgh, Pa., providing commercial banking, private banking and investment management services to middle-market companies, institutional clients and high-net-worth individuals. Its TriState Capital Bank subsidiary had $12.07 billion in assets as of September 30, 2021, and serves middle-market commercial customers through regional representative offices in Pittsburgh, Philadelphia, Cleveland, Edison, N.J., and New York City, as well as high-net-worth individuals nationwide through its national referral network of financial intermediaries. Its Chartwell Investment Partners subsidiary had $11.45 billion in assets under management as of September 30, 2021, and serves institutional clients and TriState Capital’s financial intermediary network. For more information, please visit http://investors.tristatecapitalbank.com.
INVESTOR CONTACT
Jeff Schoenborn Lambert
888-609-8351
TSC@lambert.com
Source: TriState Capital Holdings, Inc.
FAQ
What is the significance of Gene McCarthy's appointment at TriState Capital Holdings?
Gene McCarthy's appointment as regional president is significant as he brings over 20 years of experience to enhance operations and market growth in New Jersey.
Who did Gene McCarthy succeed at TriState Capital Bank?
Gene McCarthy succeeded Ken Orchard, who retired earlier this year.
What impact could McCarthy's leadership have on TriState Capital Holdings?
McCarthy's leadership could positively impact TriState Capital by improving client relationships and expanding the bank's market presence.
