Bank failure · VA
Millennium Bank, National Association (Sterling, VA) — failed February 28, 2014
Millennium Bank, National Association of Sterling, Virginia was closed on February 28, 2014 and resolved through a purchase and assumption. Washingtonfirst Bank (VA) took over its insured deposits. At failure it held $130.3M in assets and $121.7M in deposits. The FDIC's estimated loss on the failure is $10.9M (8.4% of assets).
- Closing date
- February 28, 2014
- FDIC certificate #
- 35096
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Washingtonfirst Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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