Coral Gables, FL - December 14, 2009

Mercantil Commercebank, one of the largest Banks based in South Florida with $5.9 billion in assets, announced an increase of $50 million in capital from its holding company, Mercantil Commercebank Florida Bancorp, to reach a total of $655 million when added to the capital level of September 30th.

The increase in capital to $655 represents a 20.4% increase over the same period last year. Mercantil Commercebank’s Tier 1 Leverage Ratio will be 10.4%, or more than double the regulatory threshold for a ‘well capitalized’ bank. Under regulatory standards, a bank is considered well capitalized if its Tier 1 Leverage Ratio (tangible equity over total assets) is 5% or higher.

“Our high levels of capitalization, combined with a liquid balance sheet, puts us in a unique position to expand in our target markets and to continue to serve our customer’s increasing credit needs,” said Millar Wilson, Mercantil Commercebank President and CEO.

ABOUT MERCANTIL COMMERCEBANK:
Mercantil Commercebank N.A. is one of the largest privately held banks in South Florida serving its community for 30 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 $5.9 billion. The Bank is headquartered in Coral Gables, Florida, and has 17 Banking Centers, 15 in South Florida; one in Manhattan, New York; and one in Houston, Texas. Mercantil Commercebank is a recipient of the “100 Top Business Minority Awards,” and is ranked as a Top Community Bank in South Florida. The Bank 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.

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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