WashingtonFirst Bank acquired the assets of Millennium Bank, National Association from Millennium Bankshares Corporation on February 28, 2014. Millennium Bank will change its name to WashingtonFirst Bank. The account holders of Millennium Bank will be transferred to WashingtonFirst Bank. WashingtonFirst Bank will pay the FDIC a premium of 1% to assume all of the deposits of Millennium Bank, N.A. In addition to assuming all of the deposits of the Millennium Bank, N.A., WashingtonFirst Bank will purchase essentially all of the bank's assets. As of December 31, 2013, Millennium Bank, N.A. had approximately $130.3 million in total assets. The transaction is subject to regulatory and third party approval and also approval of the Board of Directors of WashingtonFirst Bank. FIG Partners, LLC acted as a financial advisor to WashingtonFirst Bank.

WashingtonFirst Bank completed the acquisition of the assets of Millennium Bank, National Association from Millennium Bankshares Corporation on February 28, 2014.