Business

Mercantil Commercebank hits $8.1 billion in total assets

Mercantil Commercebank reported net income of $6.2 million for the first quarter of 2015.

The Coral Gables-based bank, which is owned by a Venezuelan company, also said that it had $8.1 billion in total assets, the first time it had broken the $8 billion mark.

Net income was $8 million in the fourth quarter of 2014 and $5.9 million in the first quarter of 2014. Mercantil has 16 branches in South Florida, five in Houston and one in New York City.

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