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888-629-0810
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 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.

Related Posts

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.

Mercantil Commercebank (FL/TX) Now Offers Online Smart CDs - 9/4/2017

Mercantil Commercebank (FL/TX) is offering online Smart CDs: 12-month (1.61% APY) and 36-month (2.10% APY). $500 min/$250k max of new money. $500k max per customer.

2.10% APY 36-Month CD - Online Only For FL And TX - 8/28/2017

Advertised in today’s Orlando Sentinel 36-Month Smart CD 2.10% APY 12-Month Smart CD 1.61% APY No checking account required Min $500 Max $250,000 Mercantil Bank https://www.mercantilbank.com/opencd/

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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
Employees960
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD6.59%
Annual Interest Income$201.1MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$8.49B$8.46B
LoansQ3 2017vs Q3 2016$6.03B$5.66B
DepositsQ3 2017vs Q3 2016$6.54B$6.59B
Equity CapitalQ3 2017vs Q3 2016$815.5MM$785.4MM
Loan Loss AllowanceQ3 2017vs Q3 2016$84.6MM$77.9MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$38.6MM$71.8MM
Real Estate OwnedQ3 2017vs Q3 2016$0$155.00K
Rates
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Mercantil Commercebank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$10k-6 Year Smart CD -Florida (New Money)
2.50%$10k-6 Year Smart CD -Texas (New Money)
2.40%$500$250k36 Month Online CD
2.05%$500$250k12 Month Online CD
1.70%$10k-1 Year Smart CD -Florida (New Money)
1.55%$10k-1 Year Smart CD -Texas (New Money)
Locations

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