Mercantil Commercebank is headquartered in Coral Gables and is the 6th largest bank in the state of Florida. It is also the 149th largest bank in the nation. It was established in 1979 and as of September of 2017, it had grown to 960 employees at 23 locations. Mercantil Commercebank's CD rates are 2X the national average, and it has a B+ health rating.
I was a customer for 6 years, if you move your money very often, try not to reach the account balance to 0 because the bank will CLOSE your account because "new politics", so, no penalties, no overdraft fees, you only get the "kick in the butt" treatment from customer service.
|FDIC Certificate #||22953|
|Return on Assets - YTD||0.62%|
|Return on Equity - YTD||6.59%|
|Annual Interest Income||$201.1MM|
|Assets and Liabilities|
|Assets||Q3 2017vs Q3 2016||$8.49B$8.46B|
|Loans||Q3 2017vs Q3 2016||$6.03B$5.66B|
|Deposits||Q3 2017vs Q3 2016||$6.54B$6.59B|
|Equity Capital||Q3 2017vs Q3 2016||$815.5MM$785.4MM|
|Loan Loss Allowance||Q3 2017vs Q3 2016||$84.6MM$77.9MM|
|Unbacked Noncurrent Loans||Q3 2017vs Q3 2016||$38.6MM$71.8MM|
|Real Estate Owned||Q3 2017vs Q3 2016||$0$155.00K|
Always verify rates and promotions with the bank or credit union. We are not Mercantil Commercebank; we are a rate comparison website and cannot provide official rates or promotions.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|2.50%||$10k||-||6 Year Smart CD -Florida (New Money)|
|2.50%||$10k||-||6 Year Smart CD -Texas (New Money)|
|2.40%||$500||$250k||36 Month Online CD|
|2.05%||$500||$250k||12 Month Online CD|
|1.70%||$10k||-||1 Year Smart CD -Florida (New Money)|
|1.55%||$10k||-||1 Year Smart CD -Texas (New Money)|