<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
    <periodOfReport>2003-08-05</periodOfReport>
    <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000917331</issuerCik>
        <issuerName>POINTE FINANCIAL CORP</issuerName>
        <issuerTradingSymbol>PNTE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001187310</rptOwnerCik>
            <rptOwnerName>MCGINN TIMOTHY M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>21845 POWERLINE ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BOCA RATON</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33433</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
        <isDirector>1</isDirector>
        <isOfficer>1</isOfficer>
        <isTenPercentOwner>0</isTenPercentOwner>
        <isOther>0</isOther>
        <officerTitle>Vice Chairman</officerTitle>
    </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>

        <securityTitle>
            <value>Common Stock</value>
        </securityTitle>

        <transactionDate>
            <value>2003-08-05</value>
        </transactionDate>

        <deemedExecutionDate>
            <value>2003-08-05</value>
        </deemedExecutionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>500</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>20.00</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>49642</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>I</value>
                <footnoteId id="F1"/>
            </directOrIndirectOwnership>

            <natureOfOwnership>
                <value>Corporations/Family</value>
            </natureOfOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

    </nonDerivativeTable>
    <derivativeTable>
        <derivativeHolding>

        <securityTitle>
            <value>Option (right to buy)</value>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>15.375</value>
        </conversionOrExercisePrice>

        <exerciseDate>
            <value>1998-07-01</value>
        </exerciseDate>

        <expirationDate>
            <value>2008-07-01</value>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>1000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>1000</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
                <footnoteId id="F2"/>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeHolding>

        <derivativeHolding>

        <securityTitle>
            <value>Option (right to buy)</value>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>9.750</value>
        </conversionOrExercisePrice>

        <exerciseDate>
            <value>1999-04-16</value>
        </exerciseDate>

        <expirationDate>
            <value>2009-04-16</value>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>1000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>1000</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
                <footnoteId id="F2"/>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeHolding>

        <derivativeHolding>

        <securityTitle>
            <value>Option (right to buy)</value>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>9.000</value>
        </conversionOrExercisePrice>

        <exerciseDate>
            <value>2000-04-28</value>
        </exerciseDate>

        <expirationDate>
            <value>2010-04-28</value>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>1000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>1000</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
                <footnoteId id="F2"/>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeHolding>

        <derivativeHolding>

        <securityTitle>
            <value>Option (right to buy)</value>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>11.250</value>
        </conversionOrExercisePrice>

        <exerciseDate>
            <value>2001-04-27</value>
        </exerciseDate>

        <expirationDate>
            <value>2011-04-27</value>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>2000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>2000</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
                <footnoteId id="F2"/>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeHolding>

        <derivativeHolding>

        <securityTitle>
            <value>Option (right to buy)</value>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>14.750</value>
        </conversionOrExercisePrice>

        <exerciseDate>
            <value>2002-04-26</value>
        </exerciseDate>

        <expirationDate>
            <value>2012-04-26</value>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>2000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>2000</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
                <footnoteId id="F2"/>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeHolding>

        <derivativeHolding>

        <securityTitle>
            <value>Option (right to buy)</value>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>16.300</value>
        </conversionOrExercisePrice>

        <exerciseDate>
            <value>2003-04-25</value>
        </exerciseDate>

        <expirationDate>
            <value>2013-04-25</value>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>5000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>5000</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
                <footnoteId id="F2"/>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeHolding>

    </derivativeTable>
    <footnotes>
        <footnote id="F1">The number of shares held indirectly are 34,103.  Of these
shares, 31,603 are held by various corporations owned in
part by Mr. McGinn.  The number of shares held directly are
15,539; 6,615 shares are held jointly with Mr. McGinn's
wife.</footnote>
        <footnote id="F2">The number of derivative securities held directly are 12,000.  These securities were granted pursuant to the
Pointe Financial Corporation 1998 Incentive Compensation
and Stock Award Plan.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ R. Carl Palmer, Jr., by Power of Attorney</signatureName>
        <signatureDate>2003-08-06</signatureDate>
    </ownerSignature>

</ownershipDocument>

