Grove Bank is a bank based in Grove City, Minnesota, established in 1907, with $55 million in total assets across 1 branch. By Trust Grade it ranks 157th of 224 banks we track in Minnesota. Its capital ratio of 12.6% is stronger than 56% of similarly sized banks, versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 0.06% return on assets. No consumer complaints against Grove Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Grove Bank compares to Minnesota peers
How we graded Grove Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (12.6% capital ratio)
- Profitable (ROA 0.06%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Grove Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (1)
- 110 Atlantic Ave W, Grove City, MN 56243
Are deposits at Grove Bank insured?
Yes. Grove Bank is an FDIC-insured bank (FDIC certificate #8857). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Grove Bank: frequently asked questions
Is Grove Bank a good bank?
Grove Bank earns a Bankzia Trust Grade of A (91/100, "Excellent"), based on a financial-strength score of 91/100 (it has no CFPB complaints on record). Strongly capitalized (12.6% capital ratio); Profitable (ROA 0.06%).
Is Grove Bank FDIC-insured?
Yes. Grove Bank is a FDIC-insured bank (FDIC certificate #8857). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Grove Bank?
Grove Bank holds $55 million in total assets, ranking 157th of 224 banks we track in Minnesota. It operates 1 branch.
Does Grove Bank have CFPB complaints?
No CFPB complaints against Grove Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
