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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Failed Bank Information for Millennium Bank, National Association, Sterling, VA

On February 28, 2014, Millennium Bank, National Association was closed by the Office of the Comptroller of the Currency. The FDIC was named Receiver. WashingtonFirst Bank, Reston, VA acquired all deposit accounts.

The FDIC as Receiver for Millennium Bank, National Association, Sterling, VA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on February 6, 2018 and has made all dividend distributions required by law.

Effective July 1, 2018, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination (www.federalregister.gov)

Effective Date: July 1, 2018


Notice of Intent to Terminate (www.federalregister.gov)

Publication Date: February 6, 2018

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

caution

Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: MILLENNIUM BANK, NATIONAL ASSOCIATION

About WashingtonFirst Bank

All deposit accounts, including brokered deposits, were transferred to WashingtonFirst Bank, Reston, VA ("assuming institution"). Former Millennium Bank, National Association locations reopened as branches of WashingtonFirst Bank.

Your transferred deposits were separately insured from any accounts you may have already had at WashingtonFirst Bank for at least six months after the failure of Millennium Bank, National Association.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with WashingtonFirst Bank as long as the deposits are not pledged as collateral for loans.

Contacting WashingtonFirst Bank

On January 1, 2018, WashingtonFirst Bank merged with Sandy Spring Bank.

You can contact Sandy Spring Bank:

Sandy Spring Bank
17801 Georgia Avenue
Olney, MD 20832

Sandy Spring Bank (www.sandyspringbank.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (15Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

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