This institution is no longer active

Operations ceased on April 12, 2008. CRA examination history below reflects the period it was active.

MILLENNIUM BANK

GAINESVILLE, FL · Supervised by FDIC

Est. 1999FDIC #34,946RSSD: FDIC-34946

Part ofROYAL BANK OF CANADA→ View all charters

Satisfactory Same

Current rating · Exam: November 2007

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.39%

Is this bank safe?

MILLENNIUM BANK holds a Satisfactory CRA rating (2007), meets basic financial requirements (ROA +0.39%).

Institution Profile

FDIC BankFind

Address

4340 West Newberry Road, GAINESVILLE, FL

County

Alachua County

Established

March 22, 1999

Total Assets

$195M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

November 1, 2007

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 18 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 2008Call Report / FDIC

Total Assets

$195M

Total Deposits

$127M

Net Loans

$143M

Net Income

$186K

ROA

0.39%

Below avg for Small banks. Peer avg: 0.44%

ROE

2.47%

Risk-Based Capital

10.65%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA0.39%Peer avg: 0.44%▼ Below avg

Risk-Based Capital10.65%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate12.00%Peer avg: 6.90%▲ More than avg

Unlock peer list → See which specific banks are in this peer group.

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	75	78.67%	12.00%
2020	120	78.33%	9.17%
2019	126	80.95%	7.94%
2018	96	84.38%	4.17%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Nov 2007	Satisfactory	Small Bank
Aug 2002	Satisfactory	Small Bank

Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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