Mercantile Bank

For low and moderate-income earners, finding a financing institution that would lend them money for a minimal interest and no guaranteeing collaterals is a difficult feat. Most small and average-scale borrowers resort to borrowing from loan sharks, which lends money without collaterals but impose heavy monthly interest rates. Growth opportunities knock rarely on these people as loans are essential in growing one’s business or helping one start a business of his or her own that would improve his or her social status and eventually lift the economy of the community he or she belongs. Fortunately, there is a bank that serves to cater to the financially underserved people, who cannot show a collateral for their loans and pay high loan interest rates. The bank is called the community development bank that emerged to service a huge number of low to moderate-income earners, a lucrative market that has a high potential of spurring economic development in the country if only given the chance. And Mercantile Bank is one of the banks in the United States that opened its door to realize that market potential and create economic progress not only for these financially underserved individuals but also to the country in general.

Mercantile Bank is a division of Carolina First Bank for the state of Florida. It began operations in 1999 and founded with the mission to serve as a premier bank that puts its customers first. What makes this mission even nobler is the kind of customers it targets to serve. The bank is created to specifically prioritize small and middle market businesses and retail customers. So if you’re a low to moderate-income earner, feel free and comfortable to go to any Mercantile Bank locations and mean business inside the bank because you are a valuable customer there, where you will be most welcomed and entertained.

In fact, for almost a decade of service, Mercantile Bank etched a name in the banking industry for remarkably providing personable, flexible, and responsive banking services. On the Mercantile Bank online page, the bank highlights its strong commitment of getting to know the needs of their customers to help them design and provide the right mixes of banking services. The bank’s official website further stresses that this customer-oriented approach in providing services serves as the hallmark of Mercantile Bank.

Mercantile Bank, along of course with Carolina First Bank, is owned under the umbrella of the South Financial Group, which is the largest publicly-traded bank holding company based in South Carolina. Founded in 1986, the holding company ranks among the top 50 commercial banks in the US in terms of total assets. It has a total asset of about US$14 billion on its latest disclosure. What makes South Financial Group more amazing is that it gears to adapt a “super-community” business strategy, which targets to serve the financially underserved communities in the United States particularly in South and North Caroline through Carolina First Bank and in Florida through Mercantile Bank. To serve other areas in the US, the group created Bank CaroLine, an online banking service accessible through the Internet.

Reflective of its mother company, Mercantile Bank takes pride on its more personalized service to its customers, who can avail a full range of financial services normally found in larger regional financial institutions. Valuing respect for their customers, the bank upholds the value of giving nothing less to their clients both depositors and borrowers.

Finally, for Mercantile Bank little things could someday make a huge difference in one’s financial future. So no matter how big or small you are, there is one bank that you can trust your needs, concerns, and most importantly your future.