WashingtonFirst Bank, Reston, Virginia, Assumes All of the Deposits of Millennium Bank, National Association, Sterling, Virginia — 2014-02-28
Millennium Bank, National Association, Sterling, Virginia, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal…
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Millennium Bank, National Association, Sterling, Virginia, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with WashingtonFirst Bank, Reston, Virginia, to assume all of the deposits of Millennium Bank, N.A. The two branches of Millennium Bank, N.A. will reopen as branches of WashingtonFirst Bank during their normal business hours. Depositors of Millennium Bank, N.A. will automatically become depositors of WashingtonFirst Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits. Customers of Millennium Bank, N.A.
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