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Grove Bank & Trust in Miami, FL
FDIC-insured community bank in Miami-Dade offering personal banking, business lending, wealth management, and international services since 1926.
Data compiled from public sources · Rating from CreditDoc methodology
Grove Bank & Trust Review
Grove Bank & Trust is the longest-running bank in Miami-Dade County, founded on July 12, 1926. The institution is built on a legacy of financial strength, stability, and trusted wealth management spanning nearly a century. S.
Government, it serves both individual and business customers across South Florida. The bank offers a comprehensive suite of financial services including personal banking with premium accounts and flexible lending, business banking with cash flow management and lending solutions, wealth management with investment advisory and trust services, and international banking for customers with cross-border financial needs. Digital banking capabilities include online banking, a mobile app, treasury management online, check ordering, and secure logins for various account types including investment and credit card accounts.
Grove Bank & Trust distinguishes itself through personalized service and local expertise. The website emphasizes customized financial solutions tailored to individual life circumstances, a community-focused approach with partnerships supporting local Miami organizations, and direct access to banking professionals. The company prioritizes security and explicitly invites customers to contact branches or call 305-858-6666 with any concerns.
As a regional community bank rather than a national institution, Grove Bank & Trust appeals primarily to South Florida residents and businesses seeking personalized service and local decision-making. However, the website provides limited detail on specific product terms, rates, minimum balances, or fee structures, which are critical for consumers comparing banking options.
Services & Features
Business banking with lending and cash flow management solutions
Check ordering services
Credit card accounts and credit card services
Flexible personal and business lending products
International banking for cross-border financial management
Investment accounts and brokerage access
Mobile banking app for account management and transactions
Online banking platform with secure login access
Personal checking and savings accounts with premium tiers
Treasury Management Online for business cash management
Trust advisory and legacy planning services
Wealth management with investment advisory and planning services
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- FDIC-insured deposits with full U.S. Government backing
- Nearly 100 years of operational history and local presence in Miami-Dade since 1926
- Personalized banking approach with dedicated bankers and customized solutions
- Comprehensive service range spanning personal, business, wealth management, and international banking
- Mobile app and digital banking available for account management on-the-go
- Multiple secure login options and active security emphasis with published security tips
- Strong community involvement and partnerships supporting local Miami organizations
Cons
- Website lacks transparent pricing information, APRs, fees, and minimum balance requirements for accounts
- Limited geographic footprint as a regional South Florida bank may restrict access for non-local customers
- No specific details on business loan terms, rates, or lending criteria despite business banking prominence
- Investment and wealth management services described vaguely without advisor credentials or asset minimums disclosed
- Website does not specify deposit insurance limits or provide clear comparison to national bank alternatives
Rating Breakdown
Value 5.0
Effectiveness 3.7
Customer Service 3.8
Transparency 4.0
Ease of Use 4.5
Frequently Asked Questions
Is Grove Bank & Trust legitimate?
Yes. Grove Bank & Trust is a registered company, headquartered in Miami, FL, founded in 1926.
How long does Grove Bank & Trust take to show results?
Account opening typically takes 1-3 business days. Loan decisions vary by product.
Quick Facts
- Founded
- 1926
- Headquarters
- Miami, FL
- BBB Accredited
- No
- Certifications
- FDIC Insured FDIC Cert #8018
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on Grove Bank & Trust
Grove Bank & Trust is best for South Florida-based individuals and business owners who value personalized service, local decision-making, and a bank with deep community roots and financial stability. The main caveat is that prospective customers will need to contact the bank directly or visit a branch to obtain specific information on rates, fees, and terms, as this critical pricing information is not transparently disclosed on their website.
Best For
- South Florida residents and business owners seeking personalized banking with local relationship management
- High-net-worth individuals interested in wealth planning, trust services, and investment advisory from a stable community institution
- Small to mid-sized businesses requiring flexible lending, cash management, and business-focused banking solutions
Updated 2026-04-29
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