0000000000-18-034037.txt : 20190225 0000000000-18-034037.hdr.sgml : 20190225 20181031163027 ACCESSION NUMBER: 0000000000-18-034037 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20181031 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Mercantil Bank Holding Corp CENTRAL INDEX KEY: 0001734342 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 650032379 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 220 ALHAMBRA CIRCLE CITY: CORAL GABLES STATE: FL ZIP: 33134 BUSINESS PHONE: (305)460-4038 MAIL ADDRESS: STREET 1: 220 ALHAMBRA CIRCLE CITY: CORAL GABLES STATE: FL ZIP: 33134 PUBLIC REFERENCE ACCESSION NUMBER: 0001193125-18-295574 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4-)>+CS],-"CD@,"!O8FH-/#PO3&EN96%R:7IE9" Q+TP@,S0P M-CDO3R Q,2]%(#(X,3DQ+TX@,B]4(#,S-S7!E+UA2968O5ULQ(#(@,5T^/G-T!-",020 $& "-M G1 M#0IE;F1S=')E86T-96YD;V)J#3$P(# @;V)J#3P\+TUE=&%D871A(#,@,"!2 M+U!A9V5S(#<@,"!2+U1Y<&4O0V%T86QO9SX^#65N9&]B:@TQ,2 P(&]B:@T\ M/"]#;VYT96YT%LP(# @-C$R(#,C17,% PM% P-U&P ML=%W2BQ.=%#(, @P 8!0VPPT*96YD)S-5\MRVS84W>LK[E*9D1D"?'?GV+';3E/'MF:RR08B M00L-1<@@:57]&G]J+P!2H4@JMM--[9%&Q.,^SL4YN'RQQ]F$YP[DHH+#,9BZ M04*'#CS60!U2=SNG0[:!GXJH;>.#P$(DL3Q)P#X83BG35((8M\A M X.?1%$P!5]$4%<8CE"[6@N?P\6^>-K5XXG"3YR+E:GI_0$=U_,15 MRLI:%/"!E=_@5UEDHGR "ZFVTS:\< 0%I2Z<%VNV62D&%T*E!9_>2UU[#OKQ M2\4*N&:K@E<+N/H#/(]X_L1V4P^+&3A2 G_A=%K0S=,=_&;LE M'G%",KG^3<\AE4H9:P5?))9!R:"G:B7H,H! 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M&0#">!QE5SY9)\I:-YUA;OQHZDBSL>U,,XG9*$8YD*BD5)@F*L#$0_0^U2]< MV>K?].*A['_-VMGJ6I(3IJ [/R$-DS"%1XR(P9LHD(7:%9!O\PSV(INOE\&- MW.7]LO?]J#!P,3 *,'$6"L.9#," M!!@ 2J<$&@T*96YD TEXT-EXTRACT 2 filename2.txt October 31, 2018 Millar Wilson Chief Executive Officer Mercantil Bank Holding Corp 220 Alhambra Circle Coral Gables, FL 33134 Re: Mercantil Bank Holding Corp Registration Statement on Form S-1 Filed October 5, 2018 File No. 333-227744 Dear Mr. Wilson: We have reviewed your registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Form S-1 filed October 5, 2018 General 1. Please supplementally provide us with copies of all written communications, as defined in Rule 405 under the Securities Act, that you, or anyone authorized to do so on your behalf, present to potential investors in reliance on Section 5(d) of the Securities Act, whether or not they retain copies of the communications. Recent and Other Developments Cayman Bank Purchase, page 12 2. Please revise to describe your anticipated time frame for the Cayman Bank acquisition. Millar Wilson Mercantil Bank Holding Corp October 31, 2018 Page 2 We note that you intend to acquire it for fair market value. Please revise this section to include the total consideration that you will pay as of the most recent practicable date. Please also add this acquisition to your related party transaction disclosure on page 180. Use of Proceeds, page 60 3. We note your disclosure that you intend to use some of the proceeds to repurchase all of the Class B common stock retained by MSF, and that you anticipate pricing the repurchases at a discount. Please explain why you would not use the then-current market price of the Class B shares, and describe the impact of a discounted price on other Class B shareholders. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. You may contact William Schroeder at 202-551-3294 or John Nolan at 202-551-3492 if you have questions regarding comments on the financial statements and related matters. Please contact Erin Purnell at 202-551-3454 or Michael Clampitt at 202-551-3434 with any other questions. FirstName LastNameMillar Wilson Sincerely, Comapany NameMercantil Bank Holding Corp Division of Corporation Finance October 31, 2018 Page 2 Office of Financial Services FirstName LastName