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Mercantil Commercebank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
3.00%5-year CD60 Month Smart CD - Florida (New Money)
2.75%4-year CD48 Month Smart CD - Florida (New Money)
2.60%3-year CD36 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 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 December of 2017, it had grown to 944 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 (3.00% APY) - 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
Employees944
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.6%
Return on Equity - YTD6.36%
Annual Interest Income$273.3MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$8.43B$8.42B
LoansQ4 2017vs Q4 2016$6.00B$5.68B
DepositsQ4 2017vs Q4 2016$6.37B$6.62B
Equity CapitalQ4 2017vs Q4 2016$822.0MM$771.6MM
Loan Loss AllowanceQ4 2017vs Q4 2016$72.0MM$81.8MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$26.4MM$70.4MM
Real Estate OwnedQ4 2017vs Q4 2016$319.00K$386.00K
Rates
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* 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
OTHER TIERS: 0.20% $100 - $5k | 0.25% $5k - $10k | 0.65% $10k - $25k

Mercantil Commercebank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$10k$500k60 Month Smart CD - Florida (New Money)
2.75%$10k$500k48 Month Smart CD - Florida (New Money)
2.60%$10k$500k36 Month Smart CD-Florida (New Money)
2.35%$10k$500k24 Month Smart CD - Florida (New Money)
2.00%$10k$500k12 Month Smart CD -Florida (New Money)
Locations

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