On June 1, 2022, Raymond James completed its previously announced acquisition of TriState Capital pursuant to the Merger Agreement. On the Closing Date, (a) Merger Sub 1 merged with and into TriState Capital (the First Merger"), with TriState Capital as the surviving entity in the First Merger, and (b) immediately following the First Merger, the surviving entity in the First Merger merged with and into Merger Sub 2 (the Second Merger" and, together with the First Merger, the Mergers"), with Merger Sub 2 as the surviving entity in the Second Merger. Upon closing of the Second Merger, the separate existence of TriState Capital ceased.

At the effective time of the Second Merger, as a result the Second Merger, TriState Capital ceased to exist as a separate entity and TriState Capital's directors and executive officers ceased serving as directors and executive officers of TriState Capital.