Mercantil Commercebank



Coral Gables, FL - March 20, 2009

Effective January 1, 2009, Millar Wilson has assumed the position of President & CEO of Mercantil Commercebank, one of the largest privately held banks in South Florida, with $6.0 billion in assets. As it was previously announced in July 2008, Wilson was named President and CEO by the Bank’s Board of Directors to succeed the Bank’s former President & CEO, J. Guillermo Villar, who retired in
December 31, 2008.

Wilson has been a part of the Mercantil family for more than 30 years, most recently serving as Global Chief Risk Officer for Mercantil Servicios Financieros, the Bank’s parent company and the largest provider of financial services in Venezuela for over 80 years. He has been part of the organization’s international operations, and has held important positions within Mercantil Commercebank, including 17 years as President of the Bank.

“Millar is a fine professional, with the skills and knowledge to lead Mercantil Commercebank as President and CEO,” said Gustavo Marturet, Chairman of Mercantil Commercebank, and President of Mercantil Servicios Financieros. “His experience in the financial industry will help us further our sustained growth of more than 27 years.”

Wilson is currently a member of the Board of Directors for Mercantil Bank & Trust (Cayman) and Mercantil Bank (Panama), and of the Executive Committees of Mercantil Commercebank, Mercantil Servicios Financieros, and Mercantil Banco Universal. He is also Chairman of the Supervisory Board of Mercantil Bank (Curacao) N.V.

“It is a privilege to serve and represent Mercantil Commercebank as its President and CEO,” said Wilson. “The Bank is a solid and well-capitalized institution poised to maximize the opportunities that are certain to arise in the near future. I look forward to help lead that effort.”

A graduate from Bradford University, England, Wilson also completed the Management Development Program at Harvard Business School. He has lived in Miami during the last 26 years and has served as Chairman of the Greater Miami and the Keys Chapter of the American Red Cross, Director and Treasurer of the Miami Dade College Foundation, and Vice Chairman of the Coral Gables Chamber of Commerce.

Mercantil Commercebank N.A. is one of the largest privately held banks in South Florida serving its community for over 27 years. Mercantil Servicios Financieros (MSF), a Venezuelan company, beneficially owns the Bank through U.S. bank holding companies. MSF is the largest provider of financial services in Venezuela, with more than 80 years of experience. Mercantil Commercebank has assets of $6.0 billion. The Bank is headquartered in Coral Gables, Florida, and has sixteen Banking Centers, fourteen 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

Editor’s Note: There’s another bank in South Florida whose moniker includes the word ‘Mercantile.’  Please note that we are MERCANTIL COMMERCEBANK. Thank you.

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Millar Wilson