What services does Mercantil Bank Holding Corporation (the “Company”) provide?
The Company operates through its wholly-owned subsidiary bank, Mercantil Bank, N.A. (the “Bank”), and its investment and trust services subsidiaries, Mercantil Investment Services, Inc. and Mercantil Trust Company, N.A. The Company provides individuals and businesses in the United States as well as select international clients with deposit, credit and wealth management services.
How many banking centers does Mercantil Bank operate?
Mercantil Bank operates 15 banking centers in Miami-Dade, Broward and Palm Beach counties in South Florida, 7 banking centers in the greater Houston, Texas area and one loan production office in Midtown Manhattan. We will be opening an additional banking center in the Houston market in 2018.
Where are the Company and the Bank headquartered?
Coral Gables, Florida
When did the Company become a public company?
The SEC declared the Company’s Form 10 registration statement effective on August 8, 2018. Company Class A and Class B common shares were listed on the Nasdaq Global Select Market on August 13, 2018. Company shares were distributed on August 10, 2018 as part of the Company’s Spin-off from Mercantil Servicios Financieros, C.A. (“MSF”).
What are the Company’s Nasdaq ticker symbols?
Company Class A and Class B common shares are listed on the Nasdaq Global Select Market under the tickers “MBNAA” and “MBNAB,” respectively.
What is the difference between Company Class A common shares and Class B common shares?
The Company’s Class A and Class B common shares are identical, except for voting rights. Class A common shares are entitled to one vote per share while holders of Class B common shares are not voting securities. Class B shares will be entitled to one-tenth of a vote, voting together with our Class A common stockholders, on a proposal to approve our auditors for a fiscal year, if we present such a proposal. Class B common shares also have certain voting rights as a group as provided by the Florida Business Corporation Act on any amendment, alteration or repeal of the Company’s articles of incorporation, including any merger, consolidation or otherwise that significantly and adversely affects the rights or voting powers of Class B common stock.
What is the Company’s fiscal year?
The Company’s fiscal year ends on December 31.
How do I obtain copies of the Company’s financial reports and SEC filings?
The Company’s financial reports and SEC filings are available on the Investor Relations section of the Bank’s website under the “Earnings” and “Financials” links. These can also be accessed via the Securities and Exchange Commission’s (“SEC”) Edgar website at www.sec.gov/edgar.
Does the Company pay dividends on its common stock?
The Company does not expect to pay dividends at this time. Instead, the Company expects to retain its earnings to support its profitable growth. As with all matters related to capital allocation, the management team and Board will continue to review the best uses of capital on an ongoing basis.
Who is the Company’s transfer agent and registrar of Company common stock?
Within the USA, US territories & Canada 1-800-403-4560
Outside the USA, US territories & Canada 1-781-575-2537
What does Computershare do?
Computershare maintains our direct registration system for our Class A and Class B common shares and our stock records.
How do I get certificates for my Company shares?
Company shares are issued only in book-entry form through Computershare. There are no certificates.
How do I find out if I am a registered shareholder and about the number of Company shares held?
Please check with Computershare at:
Within the USA, US territories & Canada 1-800-403-4560;
Outside the USA, US territories & Canada 1-781-575-2537
How can I buy or sell Company common stock?
Please contact your broker.
Does the Company have a Direct Stock Purchase Program?
Not at this time.
Where can investors get more information about the Company?
You can find additional information about the Company on the Investor Relations section of Mercantil Bank’s website. You may also contact:Mercantil Bank Holding Corporation
220 Alhambra Circle,
Florida 33134, USA
Tel: +1 (305) 460.8728
Mercantil Servicios Financieros
Gerencia de Relaciones con Inversionistas
Av. Andres Bello,
Edif. Mercantil, 25th floor,
Caracas 1010, Venezuela
Tel: (58 212) 503.1335
Why did MSF and the Company separate into two separate organizations?
The Spin-off is expected to enhance and protect value for MSF and Company shareholders by creating various opportunities and benefits, including, among other things:
- Simplifying the Company’s and MSF’s businesses
- Allowing the Company and MSF to focus on their respective strategies, core competencies, customers and markets
- Simplifying regulation and reducing regulatory uncertainty
- Reducing risks to MSF and the Company, and their shareholders
- Creating new capital raising opportunities in the U.S.
- Improving shareholder liquidity since the Company’s Class A and Class B common shares are listed on the Nasdaq Global Select Market
How did MSF and the Company split into separate organizations?
The Company and MSF entered into a Separation and Distribution Agreement. A Distribution Trust was formed under a Distribution Trust Agreement with an unaffiliated trustee. MSF delivered all issued and outstanding Company Class A and Class B common shares to the Distribution Trust. The Distribution Trust distributed 80.1% of the issued and outstanding Company Class A and Class B shares pro rata to holders of record on April 2, 2018 of MSF Class A and Class B shares, respectively. Each record holder of MSF common stock received one share of our Class A common stock for each share of MSF class A common stock, and one share of our Class B common stock for each share of MSF class B common stock. The Distribution Trust holds 19.9% of our Class A and Class B common stock as retained shares for the benefit of MSF pending MSF’s sale or disposition of such shares.
What is the relationship between the Company and MSF following the Spin-off?
MSF holds a beneficial interest of 19.9% in the Company’s Class A and Class B common shares through the Distribution Trust, pending the sale or disposition of these Company shares. Also, the Company will continue to provide MSF and its affiliates certain services for limited transition periods following the Spin-off.