Company Information

Get to know Biscayne Bank

Founded in 2005, Biscayne Bank was a Florida state-chartered commercial bank headquartered in Coconut Grove, Florida. The bank focused on serving professionals, executives, and business owners in the South Florida market, offering a suite of personalized banking and lending services. On June 26, 2020, the Florida Office of Financial Regulation closed Biscayne Bank, citing unsafe and unsound banking practices. The Federal Deposit Insurance Corporation (FDIC) was named as receiver, and subsequently, all deposits were assumed by First-Citizens Bank & Trust Company of Raleigh, North Carolina.

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Financial Private BankingPRIMARY
Financial Banking
Financial Other Service

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Biscayne Bank

United States

Founded in

2005 (21 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.