MERCANTIL COMMERCEBANK INCREASES CAPITAL BY $70M
Additional resources will be utilized for expansion and infrastructure

Coral Gables, FL - September 4, 2008

Mercantil Commercebank, one of the largest privately held banks in South Florida with more than $6.0 billion in assets, announced today an increment of $70 million in capital from its holding company, Mercantil Commercebank Holding Corporation, to reach a total of $543 million.

The increase will be utilized to support the Bank’s ongoing growth, which includes the opening of three new branches, one in Broward County, and two in Palm Beach County over the next 6-12 months. 
 “The increment of capital, coupled with a strong balance sheet, will place the Bank in an excellent position to take advantage of opportunities that will come up within the next months and years,” says J. Guillermo Villar, President and CEO of Mercantil Commercebank.

The Bank’s ongoing growth is also reflected in its recently inaugurated Operations Center in Doral, Florida. The 100,000 square foot facility houses a significant percentage of the Bank’s staff of nearly 1000 professionals, a number that has almost doubled in the last four years.
“The strong capital position of the Bank will allow us to continue expanding our lending activities in the personal, commercial, corporate, and international sectors,” concludes Villar.

ABOUT MERCANTIL COMMERCEBANK
Mercantil Commercebank N.A. is one of the largest privately held banks in South Florida serving its community for over 27 years. The Bank is a wholly owned subsidiary of Commercebank Holding Corp., which in turn is owned by Mercantil Servicios Financieros, the largest provider of financial services in Venezuela, with more than 80 years of experience. Mercantil Commercebank has assets in excess of $6 billion. The Bank is headquartered in Coral Gables, Florida, and has thirteen Banking Centers in South Florida; one in Manhattan, New York; and one in Houston, Texas. Mercantil Commercebank offers a wide variety of domestic, international, personal, and commercial banking services, including investment, trust, and estate planning through its subsidiaries, Mercantil Commercebank Investment Services, Inc. and Mercantil Commercebank Trust Company, N.A. For more information, please visit www.mercantilcb.com

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