Mercantil Commercebank


Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.50%1-year CD12 Month Online CD - New Money
2.75%3-year CD36 Month Online CD - New Money
3.00%5-year CD60 Month Smart CD - Florida (New Money)

Overview / Commentary
305-460-8701
220 Alhambra Circle - 12th Floor
Coral Gables, FL 33134

Mercantil Commercebank is headquartered in Coral Gables and is the 7th largest bank in the state of Florida. It is also the 151st largest bank in the nation. It was established in 1979 and as of June of 2018, it had grown to 940 employees at 23 locations. Mercantil Commercebank's money market rates are 4X the national average, and it has a B+ health rating.

Related Posts

Mercantil Commercebank (FL/TX) Has 60-Month Smart CD - 4/5/2018

Mercantil Commercebank (FL, TX) is offering an in-branch 60-month Smart CD (3.00% APY) and 48-month Smart CD (2.75% APY). Minimum deposit is $10k of new money.

Mercantil Commerce Bank (FL/TX) Ups 36-Month Online CD - 3/9/2018

Mercantil Commerce Bank (FL/TX) has raised the rate on its 36-month Online CD (2.60% APY). $500 min/$250k max per CD. $500k max per customer.

Mercantil Commercebank (FL/TX) Ups Online CD Rates - 1/16/2018

Mercantil Commercebank (FL/TX) has raised the rate on its 12-month Online CD (2.05% APY) and 36-month Online CD (2.40% APY). Min deposit is $500 of new money.

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Reviews (1)

BE CAREFUL WITH THIS BANK

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.



Health
B+

Health Grade Components

Overall
FDIC Certificate #22953
Year Established1979
Employees940
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD7.27%
Annual Interest Income$147.8MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$8.52B$8.54B
LoansQ2 2018vs Q2 2017$6.15B$5.99B
DepositsQ2 2018vs Q2 2017$6.40B$6.64B
Equity CapitalQ2 2018vs Q2 2017$797.2MM$794.9MM
Loan Loss AllowanceQ2 2018vs Q2 2017$69.9MM$82.7MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$29.1MM$55.2MM
Real Estate OwnedQ2 2018vs Q2 2017$558.00K$371.00K
Rates
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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.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Mercantil Commercebank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.55%*$25k*-MCB Money Market - Florida
OTHER TIERS: 0.20% $100 - $5k | 0.25% $5k - $10k | 0.65% $10k - $25k

Mercantil Commercebank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.17%$500$250k60 Month Online CD - New Money
3.05%$500$250k48 Month Online CD - New Money
3.00%$10k$500k60 Month Smart CD - Florida (New Money)
2.75%$500$250k36 Month Online CD - New Money
2.75%$10k$500k48 Month Smart CD - Florida (New Money)
2.75%$500$250k24 Month Online CD - New Money
2.60%$10k$500k36 Month Smart CD-Florida (New Money)
2.56%$500$250k18 Month Online CD - New Money
2.50%$500$250k12 Month Online CD - New Money
2.45%$10k$500k24 Month Smart CD - Florida (New Money)
2.30%$10k$500k12 Month Smart CD -Florida (New Money)
Locations

Availability



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