GROVE BANK & TRUST
MIAMI, FLORIDA

Grove Bank & Trust, founded in 1926, has established itself as a longstanding financial institution pivotal to the development of South Florida. Its history is marked by significant contributions such as assisting the University of Miami during its financial crisis in the early days, which helped prevent it from being absorbed by another university. Throughout the Great Depression and World War II eras, Grove Bank & Trust broke new ground with its innovative home loan program, providing construction loans that made homeownership accessible to many Americans - a testament to their commitment to realizing the 'American Dream'. The bank's early investment acumen is exemplified by its funding of Miami’s mail transfer service between Lemon City and downtown Miami in the 1930s, spearheaded by Ralph and James Ryder. Today, the bank continues to thrive over 90 years later, drawing strength from its enduring belief in both the potential of the region and the opportunities it offers to local residents and businesses. With headquarters at 2701 South Bayshore Drive, Miami, Florida (33133), Grove Bank & Trust is led by prominent figures including Anderson T. Sheldon-Chai and directors George Foyo and D.A. Nichols, who play crucial roles in its governance and community engagement activities. Leadership personnel such as Jose, a board member of several organizations including the Florida Bankers Association and Big Brothers Big Sisters of Miami, further enhance the bank’s commitment to local communities through active involvement with various civic groups like Junior Achievement and Habitat for Humanity. Likewise, Daniel contributes his expertise as a licensed Certified Public Accountant and financial educator. Grove Bank & Trust maintains transparency in its operations, evidenced by regular updates such as their last event on April 21, 2017, involving a name change amendment, with an annual report filed most recently on April 3, 2024. As clients seek to navigate personal finance solutions, the bank extends personalized advice through professional lending officers accessible at (305) 858-6666 or online at coconutgrovebank.com. Filled with history and community dedication, Grove Bank & Trust stands as a resilient pillar of service in Miami-Dade County.