History and Timeline

Empowering Communities for Almost 40 Years


For almost 40 years, Mercantil Bank has been committed to providing value-added and meaningful financial services that empower the lives of our customers, employees, and the communities we serve.

Since opening the doors of our first Banking Center in North Miami, Florida, in 1979, Mercantil Bank has employed long-term strategic thinking focused on offering excellent financial products and services, ensuring the well-being and professional development of our over 800 employees, and supporting local community organizations as partners in making a difference and succeeding together.

Today, we operate 22 banking centers – 15 in South Florida and 7 in Houston – as well as a commercial real estate loan production office in New York – with headquarters in Coral Gables, Florida.

As the fifth largest bank headquartered in Florida, Mercantil Bank offers a wide variety of domestic, international, personal and commercial banking services, including investment, trust and estate planning through its subsidiaries, Mercantil Investment Services and Mercantil Trust Company.

Throughout our rich history, we have been guided by the core values that are at the heart of our company and our employees who embrace shared principles to create an enduring corporate culture that is integral to our past and makes Mercantil Bank what it is today.


With each passing year, our steadfast commitment to our mission, vision and values continues to inspire our future.

Our History

  • 1979
    • Commercebank N.A., our predecessor organization, is founded in North Miami Beach, Florida.  Originally operated as Gold Coast National Bank, later becoming Commercebank, N.A. after a change in ownership.
  • 1987
    • With $53 million in assets and a second location in Coral Gables, Florida, Commercebank is acquired by Mercantil Servicios Financieros (MSF), one of the most highly respected financial institutions in the region.
  • 1990 – 2000
    • Commercebank experiences a period of expansion: purchases two banks from the FDIC – Miami National Bank and Imperial Bank – and branches outside the Miami area into Broward County with the opening of its Pompano Beach Banking Center.
    • In 1997, the Bank relocates its Corporate Headquarters to its current location at 220 Alhambra Circle in Coral Gables.
    • In 1998, the Office of the Comptroller of the Currency (OCC) awards Commercebank a rate of Outstanding in its Community Reinvestment Act (CRA) performance.
    • By the end of the decade, the Bank is seven banking centers and $1.2 billion in assets strong.
  • 2001
    • Commercebank surpasses $2 billion in assets, making it one of the largest privately-owned banks headquartered in South Florida.
    • Commercebank opens a Commercial Real Estate Lending Office in New York City.
    • Commercebank launches a five-year initiative with the Florida Department of Children and Families – Connecting to Foster Kids – to donate computers for foster homes in Miami-Dade County.
  • 2002
    • Commercebank forms Commercebank Investment Services, a wholly-owned broker-dealer subsidiary to offer customers investment services.
    • Commercebank establishes a footprint in Houston, Texas.
  • 2003
    • Commercebank assets top $3 billion.
    • Commercebank receives the Bank of the Year distinction from the Latin Builders Association.
    • Commercebank becomes the first South Florida bank to participate in the Senior Crime Prevention Program.
    • Commercebank forms Commercial Banking International Division. 
  • 2004
    • Commercebank launches the iWire online service to initiate and process wire transfers online.  This same year, a prestigious Fortune 500 think tank recognized the Bank for this innovative application.
    • Commercebank joins forces with the Florida Memorial College Mobile Unit and local corporations, bringing banking services to small business and individuals in underserved communities in South Florida.
    • Commercebank forms Commercebank Trust Company, a wholly-owned trust and estate planning subsidiary.
  • 2005
    • Commercebank celebrates its 25 year anniversary.
    • Commercebank opens its first full-service banking center in Houston, Texas.
  • 2006
    • Commercebank acquires Florida Savings Bank.
    • Commercebank assets reach the $4 billion mark.
  • 2007
    • Commercebank changes name to Mercantil Commercebank; unveils new brand, leveraging its local identity along with the global strength of MSF.
    • Commercebank surpasses $5 billion in total assets with 15 banking centers.
    • Commercebank forms a new Private Banking division.
  • 2010
    • Mercantil Commercebank launches its ZoolensSM Photography Contest for Middle School students, developed in partnership with Zoo Miami and the Zoological Society of Florida. The photography contest was designed to foster awareness of wildlife among Dade County youth, encouraging middle school students to creatively photograph their favorite Zoo Miami animal for a chance to receive an array of prizes.
    • Mercantil Commercebank receives the Greater Miami Chamber of Commerce’s Top 100 Minority Business Awards® in the category of Community Involvement. 
  • 2013
    • Mercantil Commercebank expands in Greater Houston with the opening of two banking centers – one in Cy-Fair and another in Upper Kirby.
  • 2014
    • Mercantil Commercebank purchases the prominent building that serves as its headquarters in Coral Gables, Florida – 220 Alhambra Circle.
    • Mercantil Commercebank opens two more banking centers in the Greater Houston area – Tanglewood and the Woodlands – creating a network of five locations to better serve the community.
  • 2016
    • Mercantil Commercebank opens two additional banking centers in Greater Houston – Champions and Sugar Land – expanding the network to seven locations.
  • 2017  
    • Mercantil Commercebank evolves its name to Mercantil Bank, N.A. with over $8 billion in assets and 22 banking centers in three of the most important business communities in the U.S. – South Florida, the Greater Houston, Texas area, and the greater New York City area.
    • On December 15, 2017, Mercantil Bank, and its U.S. holding company, Mercantil Bank Holding Corporation, announced its Spin-off from Mercantil Servicios Financieros, C.A. (MSF), the next step in a long-term strategic initiative to further expand the Bank’s business in South Florida, Houston, Texas, and the New York City area.
  • 2018
    • On August 8, 2018, Mercantil Bank Holding Corporation, Mercantil Bank’s holding company, started a new chapter as a publicly traded organization.  The Securities and Exchange Commission (SEC) declared the Spin-off Registration and Information Statement effective and received listing approval from the Nasdaq Global Select Market.


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This information is not an offer to sell nor the solicitation of an offer to purchase any securities.