Miami, FL July 19, 2011

Mercantil Commercebank N.A., one of the largest banks headquartered in Florida, announced the appointment of Derrick Martin as Vice President, Commercial Banking Officer and will develop commercial business opportunities in Broward and Palm Beach counties. He will also focus on supporting the Florida market in increasing and structuring SBA loans. Martin will be based in the Bank’s Weston banking center.

“Derrick brings extensive commercial banking experience, as well as specialized expertise in SBA lending, to our team,” said Ed Holden, Executive Vice President, Domestic Personal and Domestic Commercial Banking Manager, Mercantil Commercebank. “He will be a great addition to our organization, and I look forward to working with him.”

Previously, Martin was Vice President at the Florida Business Development Corporation. He also served as Regional Account Manager for CIT Commercial Finance Group, where he was responsible for originating working capital and business loans.

Martin holds a B.A. from the University of Tampa and a Master of Arts in International Relations from Arizona State University. He is currently enrolled in Georgetown University’s Center for Continuing Professional Education and scheduled to complete a Business Financial Management program February 2011.

ABOUT MERCANTIL COMMERCEBANK:
Mercantil Commercebank N.A. is one of the largest 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 85 years of experience. Mercantil Commercebank has assets of $6.5 billion. The Bank is headquartered in Coral Gables, Florida and has 17 Banking Centers - 15 located in South Florida; one in Manhattan, New York; and one in Houston, Texas. 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.

Editor’s Note: Please note that we are MERCANTIL COMMERCEBANK. There is no “E” at the end of Mercantil as is common with other banks with the similar name. Thank you.