History and Timeline | AMERANT

History and Timeline

Empowering Communities for Almost 40 Years

2018

  • On December 21, 2018, Amerant closes Initial Public Offering.
  • On November 26, 2018, Amerant announces launch of Initial Public Offering.
  • On October 23, 2018, our new brand, Amerant, was announced.
  • 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.

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.

2016

  • Mercantil Commercebank opens two additional banking centers in Greater Houston – Champions and Sugar Land – expanding the network to seven locations.

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.

2013

  • Mercantil Commercebank expands in Greater Houston with the opening of two banking centers – one in Cy-Fair and another in Upper Kirby.

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.

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.

2006

  • Commercebank acquires Florida Savings Bank.
  • Commercebank assets reach the $4 billion mark.

2005

  • Commercebank celebrates its 25 year anniversary.
  • Commercebank opens its first full-service banking center in Houston, Texas.

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.

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.

2002

  • Commercebank forms Commercebank Investment Services, a wholly-owned broker-dealer subsidiary to offer customers investment services.
  • Commercebank establishes a footprint in Houston, Texas.

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.

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.

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.

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.
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