Company Information

Get to know millennium bank, n.a.

Millennium Bank, National Association was a community bank established in 2001, providing a range of personal and business banking services to the Northern Virginia area. The bank faced significant financial difficulties, leading to its failure. On October 2, 2015, it was closed by its primary regulator, the Office of the Comptroller of the Currency (OCC). The Federal Deposit Insurance Corporation (FDIC) was named receiver, and all deposits and certain assets were subsequently assumed by WashingtonFirst Bank, N.A. of Reston, Virginia, to protect depositors.

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Financial BankingPRIMARY
Financial Other Service

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millennium bank, n.a.

United States

Founded in

1999 (27 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.