About Us

Empowering prosperity for nearly a century.

Grove Bank & Trust is one of the longest continuously operating banking in Florida.

The care we have for our clients, employees and community has driven our successful past and shapes our vibrant future. 
We rely on meaningful dialogue to understand your financial present and embrace your envisioned future. Our goal is to deliver the confidence, trust and inspiration essential for you to make informed decisions as you pursue your financial journey. 
We offer advice and a suite of products designed not merely to cater to your needs, but to empower your financial journey. With you every step of the way. As your financial partner, you can shape your financial experience on your own terms.
View of a tree-lined street at Coconut Grove, with a sunlight pouring between tree branches and a luxury car.

We began our journey in 1926 in the heart of Coconut Grove.

As we near our centennial, we reflect on our history marked by challenges, triumphs and an overwhelming spirit to embrace the opportunities that lie ahead.

Enduring challenging times


Just weeks after opening our doors, our community experienced the Great Hurricane of 1926 with peak winds reaching 149 mph, devastating southern Florida and ending the real estate boom. Three years later, the 1929 stock market crash added to the financial turmoil. Despite these hardships, we stood firm, assisting the University of Miami's recovery and pioneering home construction loans to drive the region's growth.

Growing with our community

In the 1930s and 1940s, we launched more innovative programs supporting home ownership and financed new business enterprises like Ryder Trucks. Over the following decades, our on-going contributions to the development of Miami-Dade County, including funding the Port of Miami's historic dredging and other important infrastructure projects, showcased our commitment to supporting and fostering meaningful progress. From our headquarters in Coconut Grove and branches throughout the Miami area, our dedication to our clients' stories remains unwavering, fueling our journey forward.

Financial Strength

Capital Ratios
At December 31, 2023		 Ratio Minimum required
by bank regulators		 Minimum to be classified as
well-capitalized
Tier 1 Leverage Ratio 12.23% 4% 4%
Tier 1 Risk-Based Capital Ratio 20.26% 6% 6%
Total Risk-Based Capital Ratio 21.51% 8% 8%






Panoramic view of Coconut Grove bay with a large group of boats anchored on the shore. Aerial view.




Committed to our community.
We support initiatives that uplift, empower and enrich lives.





Woman sitting on a stage in a dark theater looking at a clipboard.

Arts & Culture 

We foster creativity and expression by sponsoring local art initiatives and cultural events, enriching our community's diversity and vibrant tapestry.

Economic Development 

We support organizations whose missions are to drive sustainable economic growth and foster a community where businesses are empowered to thrive.

Male and female students studying together sitting at desk in classroom.

Education &
Youth Enrichment 

We are committed to preparing the next generation with the skills and knowledge they need to create bright futures for themselves and our community. 

Scientists working together in laboratory.

Medical Research
& Health Services

We support the advancement of medical research and foster ongoing enhancement of our local healthcare infrastructure.

Laughing daughter embracing mother while sitting on couch with family in living room.

Family Services

We strive to enhance the quality of life for families contending with illness, crisis, physical challenges and financial constraints.


Double story luxury condominium homes under construction.

Affordable Housing

We advocate affordable housing solutions, ensuring that everyone has access to safe and stable shelter, regardless of income.













Board of Directors


Sheldon Anderson

Chairman



George W. Foyo

Vice Chair of the Board
and Investor 



Michael B. Chavies 

Attorney
Akerman, LLP 



Charles M. Hartz

Investor



D. Alan Nichols

Retired Partner
Deloitte Touche, LLP



William T. Price, III

Retired Eastern Airlines Captain



Patricia Sanchez Abril 

Vice Dean of Graduate Business Programs and Associate Professor and Chair of Business Law
University of Miami



Charles Stuzin

Investor



Michael Weintraub

Investor



Edward J. Joyce 

Vice Chairman and Chief Client Engagement Officer Grove Bank & Trust








Coconut Grove Bankshares Officers


Charles Stuzin

Chairman of the Board 



Michael Weintraub

Vice Chairman of the Board 



Sheldon T. Anderson 

President and
Chief Executive Officer



Bert Lopez 

CFO, Treasurer and Secretary


























Executive Management


Sheldon T. Anderson

Chairman

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Edward J. Joyce

President

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Jose E. Cueto

Chief Executive Officer

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Bert Lopez

Executive Vice President
Chief Financial Officer

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Emma Pacetti

Executive Vice President

Regional Market Director

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Libby Witherspoon 

Executive Vice President

Head of Trust and Wealth Management

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Andrew Yanez

Executive Vice President

Chief Lending Officer

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