Data / Bank failures / 2014 / Millennium Bank, National Association
Millennium Bank, National Association, Sterling, VA: failed February 28, 2014
Millennium Bank, National Association in Sterling, Virginia, failed on February 28, 2014. Washingtonfirst Bank of Reston, VA, took over its deposits. It held $130.3 million in assets and $121.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $10.9 million (8.4% of its assets). By assets it was the 8th largest of 18 banks closed or assisted in 2014.
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The FDIC's record
- Closed
- February 28, 2014
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Washingtonfirst Bank, Reston, VA
- Total assets
- $130,305,000
- Total deposits
- $121,704,000
- Estimated cost to the FDIC
- $10,939,683 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- DIF
- FDIC certificate
- 35096
All bank failures in 2014 · All bank failures in Virginia · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.