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 152nd largest bank in the nation. It was established in 1979 and as of September of 2018, it had grown to 948 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 Becomes AMERANT BANK - 10/24/2018

To our valued customers, Earlier this year, we marked the start of a new chapter in our history. Mercantil Bank Holding Corporation - the holding company for Mercantil Bank, N.A. and its investment and trust subsidiaries, Mercantil Investment Services and Mercantil Trust Company - is now a publicly traded organization. Today, we have greater access to capital that will fuel further service improvements focused on you, such as an expanded product and service offering, as well as technology to better serve you - today and into the future. As we near our 40th anniversary and embark on a new path to offering exceptional banking and financial services, we're launching a new face for the same company you have known for so long. This new brand is a reflection of our guiding principles over the last four decades and represents the values that drive our activities and decisions toward the future. We believe that one of our most important values is providing the level of service excelle

2.25% APY For Relationship Money Market (Requires Checking Account.) - 10/16/2018

Mercantil Relationship Money Market 2.25% APY Get rewarded for your banking relationship and obtain our best Money Market rate while having the flexibility of writing a few checks or making a few withdrawals each month.* *Subject to a limit of checks and the withdrawals apply per Account Statement cycle, gets you a First Class rate of 2.25% APY on your Relationship Money Market account https://www.mercantilbank.com/relationship/

Mercantil Bank Ups 60-Month Online CD APY - 10/1/2018

Mercantil Bank (Florida and Texas) has raised the rate on its 60-month Online CD to 3.50% APY. Minimum deposit is $500 of new money, capped at $250k.

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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
Employees948
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD7.34%
Annual Interest Income$227.5MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$8.42B$8.49B
LoansQ3 2018vs Q3 2017$6.09B$6.03B
DepositsQ3 2018vs Q3 2017$6.23B$6.54B
Equity CapitalQ3 2018vs Q3 2017$801.4MM$815.5MM
Loan Loss AllowanceQ3 2018vs Q3 2017$69.5MM$84.6MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$28.6MM$38.6MM
Real Estate OwnedQ3 2018vs Q3 2017$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

MERCANTIL Becomes AMERANT BANK

leemd   |  
To our valued customers,


Earlier this year, we marked the start of a new chapter in our history. Mercantil Bank Holding Corporation - the holding company for Mercantil Bank, N.A. and its investment and trust subsidiaries, Mercantil Investment Services and Mercantil Trust Company - is now a publicly traded organization. Today, we have greater access to capital that will fuel further service improvements focused on you, such as an expanded product and service offering, as well as technology to better serve you - today and into the future.


As we near our 40th anniversary and embark on a new path to offering exceptional banking and financial services, we're launching a new face for the same company you have known for so long. This new brand is a reflection of our guiding principles over the last four decades and represents the values that drive our activities and decisions toward the future.


We believe that one of our most important values is providing the level of service excellence that fosters close relationships with each of our customers. Because of this commitment and our proven experience, we earn your trust and confidence every day. Finally, we continue to renew our commitment to the communities in which we operate by actively working to enrich the lives of those we serve.


We are extremely proud to introduce you to our new brand:




Our new name expresses a blend of our heritage and our new path. In the process, it strengthens our commitment to offer exceptional banking and financial services to you. Our new brand intends to reflect the enthusiasm we put into everything we do, the dynamism that helps move your financial life forward and the empathy to stay close to you, to understand your needs and breathe life into your aspirations.


What should you do?
In the coming months, you will see this new identity implemented in our communications, products and services. However, everything about your account(s) and the way you bank with us will remain the same. You can continue to bank as you always have, knowing that the same experienced, considerate and proactive staff will be there to guide you.


Please visit amerantbank.com to learn more about our new brand. Should you have any questions, do not hesitate to reach out to your representative or our Customer Call Center at 1.888.629.0810.


As we take this exciting step forward to continue growing and building an even stronger bank, we thank you for your patronage and for welcoming our new future. With Amerant, we aim high and look forward to continue delivering the exceptional service you deserve.


Sincerely,




Millar Wilson
Vice-Chairman and CEO

2.25% APY For Relationship Money Market (Requires Checking Account.)

leemd   |  
Mercantil Relationship Money Market 2.25% APY
Get rewarded for your banking relationship and obtain our best Money Market rate while having the flexibility of writing a few checks or making a few withdrawals each month.*



*Subject to a limit of checks and the withdrawals apply per Account Statement cycle, gets you a First Class rate of 2.25% APY on your Relationship Money Market account

https://www.mercantilbank.com/relationship/

3.50% 5 Years

louann   |  
I think I read this correctly. And it can only be done on line

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
2.25%$100-Relationship Money Market - In Branch Only
1.55%*$25k*-MCB Money Market - Florida
OTHER TIERS: 0.20% $100 - $5k | 0.25% $5k - $10k | 0.65% $10k - $25k

Mercantil Commercebank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$100- Relationship Interest Checking - In Branch Only

Mercantil Commercebank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%$500$250k60 Month Online CD - New Money
3.40%$10k$500k60 Month Smart CD - Florida (New Money)
3.40%$10k$500kBusiness 60 Month Smart CD - Florida (New Money)
3.11%$500$250k48 Month Online CD - New Money
2.85%$500$250k36 Month Online CD Limited time - New Money
2.79%$500$250k24 Month Online CD - New Money
2.75%$10k$500k48 Month Smart CD - Florida (New Money)
2.75%$10k$500kBusiness 48 Month Smart CD - Florida (New Money)
2.75%$10k$500k15 Month Smart CD - Florida (New Money)
2.75%$10k$500kBusiness 15 Month Smart CD - Florida (New Money)
2.70%$10k$500k36 Month Smart CD - Florida (New Money)
2.70%$10k$500kBusiness 36 Month Smart CD - Florida (New Money)
2.59%$500$250k18 Month Online CD - New Money
2.55%$10k$500k24 Month Smart CD - Florida (New Money)
2.55%$10k$500kBusiness 24 Month Smart CD - Florida (New Money)
2.55%$500$250k12 Month Online CD Limited time - New Money
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