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.

This story was originally published May 1, 2015 at 6:09 PM with the headline "Mercantil Commercebank hits $8.1 billion in total assets."