MILLENNIUM BANK, NATIONAL ASSOCIATION Failed 2014

STERLING, VA · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

MILLENNIUM BANK, NATIONAL ASSOCIATION of STERLING, VA was closed on 2014-02-28. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to WASHINGTONFIRST BANK (RESTON, VA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
4061
FDIC Certificate
35096
FDIC FIN
10495
Bank name
MILLENNIUM BANK, NATIONAL ASSOCIATION
Location
STERLING, VA
Failure date
2014-02-28
FDIC resolution date
2014-02-28
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$11M
Deposits at failure
$122M
Assets at failure
$130M
Acquiring bank
WASHINGTONFIRST BANK (RESTON, VA)