Millennium Bank, National Association
Sterling, VA · Owner: Millennium Bankshares Corp
$130M
total assets, December 31, 2013
$130M
total assets, December 31, 2013
Millennium Bank, National Association was a national bank in Sterling, VA, owned by Millennium Bankshares Corp. It failed on Feb 28, 2014, and Washingtonfirst Bank took over its deposits. At its last report it held $130.3 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2013
This bank failed
- Failed on
- Feb 28, 2014
- Assets
- $130M
- Deposits
- $122M
- Estimated cost
- $10.9M
- Deposits went to
- Washingtonfirst Bank, Reston, VA
Total assets
$130M
-17.0% in a year · -5.4% in a quarter
Deposits
$122M
-16.3% in a year · -4.6% in a quarter
Loans
$58.7M
-34.4% in a year · -7.2% in a quarter
Profit so far
-$4.8M
Jan 1 to Dec 31, 2013
Capital ratio
-0.61%
-3.12 pts in a year
Return on assets
-3.36%
-2.02 pts in a year
Facts
- Type
- National bank
- Head office
- 21430 Cedar Drive, Unit 100, Sterling, VA, 20164
- County
- Loudoun
- Holding company
- Millennium Bankshares Corp
- Established
- Apr 1, 1999
- Failed
- Feb 28, 2014
- Employees
- 23
- Branches
- 3
- Id
- b35096
Quarter by quarter
June 30, 1999 to December 31, 2013
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Millennium Bank, National Association?
$130.3 million in total assets and $121.7 million in deposits as of December 31, 2013, with assets down 17.0% from a year before. Its loans were $58.7 million.
How many branches does Millennium Bank, National Association have?
3 branches in Virginia as of June 30, 2026.
Is Millennium Bank, National Association profitable?
No: it lost $4.82 million from January 1 to December 31, 2013. Its return on assets was -3.36% a year; about 1% is typical.
Who owns Millennium Bank, National Association?
Millennium Bank, National Association is owned by Millennium Bankshares Corp, its holding company.
When did Millennium Bank, National Association fail?
Feb 28, 2014. Washingtonfirst Bank of Reston, VA took over its deposits. The estimated cost of the failure was $10.9 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.