Millennium Bank

What Millennium Bank does

Millennium Bank is a privately-held community bank founded on June 21, 1999, in Chattanooga, Tennessee, operating 11 branch locations across Tennessee (5), Florida (4), and Georgia (3). It serves individual consumers and small-to-medium businesses with a full-service banking platform spanning checking accounts, savings accounts, certificates of deposit, home equity lines of credit, consumer and commercial loans, mortgages, and business cash management products including ACH origination, Remote Deposit Capture, and Positive Pay. Distribution combines the physical branch network with digital channels delivered through NetTeller-powered online banking, iOS and Android mobile banking apps with mobile deposit, mobile wallet integrations (Apple Pay, Google Pay, Samsung Wallet), and the CardValet debit card management platform.

The bank's revenue model is anchored by net interest income from loans (mortgages, business lines of credit, commercial real estate term loans) supplemented by deposit account maintenance fees, excess transaction charges, paper statement fees, and business banking service fees including analysis charges and electronic transaction fees. Interest income is described as a recurring subscription-like stream, while fee income is transaction-based across consumer and business deposit relationships. The bank has pursued growth through a combination of organic branch expansion and inorganic moves, most notably the June 2020 acquisition of Columbia Bank, which extended its footprint into North Florida and gave it a 100+ year heritage in Columbia County, and the more recent absorption of North Georgia National Bank customers onto the Millennium Bank brand.

Millennium Bank positions itself on local decision-making, community reinvestment, and personalized service through local loan officers across 11 branches, while layering modern digital banking on top. The platform is FDIC-insured and operates as an Equal Housing Lender, compliant with the USA PATRIOT Act, the Community Reinvestment Act, and federal privacy requirements. Leadership transitioned in April 2026 with the departure of long-tenured CEO Nicholas Dizonno, creating near-term strategic uncertainty at a moment when the bank is integrating NGNB and continues to build out specialized lending and market-president roles across its three-state footprint.

Name

Millennium Bank

Legal name

Millennium Bank

Website

https://millenniumbank.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

Millennium Bank is a privately-held community bank operating 11 branches across Tennessee, Florida, and Georgia, serving individual consumers and small-to-medium businesses with checking, savings, loans, mortgages, and digital banking services.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Savings Banks (Public/State-Owned) (FSABAKAK)

Keywords

• Community banking services
• Personal checking accounts
• Business lending solutions
• Commercial real estate loans
• Online mobile banking

Headquarters

HQ city

Chattanooga

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income from Loans: Primary revenue stream from interest earned on personal and commercial loans including mortgages, business loans, and lines of credit
2. Deposit Account Fees: Monthly maintenance fees, excess transaction fees, and paper statement fees for various deposit accounts
3. Business Banking Services: Fees from business checking accounts, analysis services, cash management, and remote deposit capture
4. Electronic Banking Services: Revenue from online bill pay, mobile banking, and other electronic transaction services

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Millennium Bank is a community bank providing personal and business banking products through 11 branches across Tennessee, Florida, and Georgia. Core offerings include checking and savings accounts, money market accounts, certificates of deposit, mortgages and home equity lines of credit, and commercial lending including business lines of credit, term loans, and commercial real estate financing. Banking services are delivered through physical branches, online banking, and mobile banking applications, supported by cash management, remote deposit capture, and positive pay fraud protection for business customers.

Product overview

Millennium Bank operates as a community bank offering a unified banking platform with integrated electronic services. The core product portfolio spans personal and business banking with checking, savings, loans, and mortgages. Digital banking is delivered through NetTeller Online Banking and Mobile Banking apps as the primary platform, with add-on modules including Mobile Wallets (Apple Pay, Google Pay, Samsung Wallet), CardValet debit card management, iPay Online Bill Pay with Alexa QuickPay integration, e-Statements, and Business Online Cash Management with ACH, Remote Deposit Capture, and Positive Pay. Business accounts include Business eAdvantage Checking, Commercial Analysis Checking, Business Money Market, and Premier Money Market sub-brands. Supplementary services include a Banzai financial literacy program and an extensive suite of 50+ financial calculators.

Differentiator

Problem solved

Functional benefit

Products and services

• Online Banking Round-the-clock account access through the NetTeller platform with secure access, featuring account information, statement retrieval, online funds transfer, loan payments, real-time transaction tracking, check imaging, and transaction downloads.
• Mobile Banking Smartphone-accessible banking via browser or downloadable app for iPhone and Android, supporting mobile deposit, balance checks, transaction history, money transfers, bill payment, and branch/ATM finder.
• Business eAdvantage Checking Entry-level business checking account for smaller businesses with basic banking needs, offering 250 monthly items included and per-item charges for excess transactions with no monthly maintenance fee.
• Commercial Analysis Checking Business checking account for businesses with high average balances and activity, with monthly analysis fees and unlimited transactions. Requires a $500 minimum opening deposit.
• Business Money Market Money market account for mid-size businesses requiring a $5,000 minimum opening deposit, with tiered interest rates compounded monthly, up to 6 checks/debit/preauthorized transfers monthly, and $8 excess transfer fees.
• Premier Money Market Premium money market account for large businesses requiring a $50,000 minimum opening deposit, with tiered interest rates compounded monthly, up to 6 checks/debit/preauthorized transfers monthly, and $10 excess transfer fees.
• Business Loans Commercial lending products including Business Lines of Credit for working capital and seasonal needs, and Term Loans for commercial real estate purchase, renovation, equipment financing, and business expansion.
• Remote Deposit Capture Check scanning solution enabling businesses to deposit checks electronically via online banking without visiting a branch, available 24/7 with role management and location deposit tracking.
• Business Online Cash Management Cash management system bringing banking services into the office with multiple user access, ACH origination for payroll and payments, remote deposit capture, wire transfers, and Positive Pay fraud protection.
• iPay Online Bill Pay & iPay QuickPay Bill payment service with personal payee list management, one-time and recurring payment scheduling, e-bill delivery, payment reminders, and Alexa-enabled voice command access via the iPay QuickPay skill.
• CardValet Debit card management application providing fraud alerts, spending controls, transaction limits by merchant categories and geographic location, and instant card on/off functionality for Millennium Bank debit cardholders.
• Mobile Wallets Integration with Apple Pay, Google Pay, and Samsung Wallet enabling contactless mobile payments at millions of locations using encrypted card data stored on the phone.
• e-Statements Electronic statement delivery with 24-hour access for up to 6 months, email notifications when statements are ready, downloadable and print-ready files, and ability to grant access to additional recipients.
• Personal Banking Services Personal banking services including checking accounts, savings accounts, loans and mortgages, home equity lines of credit, and certificates of deposit for individuals and families.

Quantifiable outcome

• Grew assets from $70 million to over $800 million under previous leadership

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature8 records

Partnerships

One partnership is on record.

• BanzaiminorStrategic or Co-development PartnerMillennium Bank partners with Banzai, a premium online financial literacy program, to provide free educational resources to educators and students in their service areas. Banzai offers cutting-edge software, interactive classroom materials, and professional presentations for financial education.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Bank of Tennessee: Tennessee-based community bank serving East Tennessee markets with personal and business banking. Direct competitor in the Chattanooga/East Tennessee geography where Millennium is headquartered.
• SmartFinancial: Tennessee-based community bank with branches across TN, AL, and FL. Operates with a similar community-bank model targeting consumer and small business customers with comparable deposit and loan products.
• Wilson Bank & Trust: Tennessee community bank headquartered in Lebanon, TN serving middle Tennessee markets with personal/business banking, mortgages, and digital services. Comparable in size profile and local-decision-making model to Millennium Bank.
• First Volunteer Bank: Tennessee-headquartered community bank with branches across TN, GA, NC, and VA. Overlaps directly with Millennium's Tennessee and North Georgia branch footprint with a similar full-service community model.
• FirstBank (First Tennessee Bank): Tennessee-headquartered community bank offering personal and business banking across the Southeast. Closest like-for-like comparable given shared TN base, similar community-bank positioning, and comparable product set including mortgages, business loans, and digital banking.

Broad incumbents

• SouthState Corporation: Large Southeast regional bank with branches across FL, GA, AL, SC, NC, VA, and TN. Operates a similar community-banking model at greater scale and is a likely acquirer of community banks in Millennium's footprint.
• Pinnacle Financial Partners: Large Tennessee-headquartered bank with $50B+ in assets serving TN, NC, SC, VA, and AL. Larger incumbent competing for the same commercial and high-net-worth clients in Millennium's primary markets.
• ServisFirst Bancshares: Southeast-focused bank with operations across AL, FL, GA, NC, SC, TN, and VA. Competes with Millennium in the North Florida and Georgia markets with a broader commercial banking franchise.
• Renasant Corporation: Regional bank with significant presence across the Southeast including Tennessee, Mississippi, Alabama, Georgia, and Florida. Larger incumbent with overlapping branch footprint and similar community-bank heritage.
• First Citizens BancShares: Large regional bank holding company with significant Southeast US presence, including recent acquisitions of community banks. Represents a potential acquirer and a direct competitor for SMB and consumer banking relationships.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/millenniumbank_
• YouTubeyoutube.com/@Millennium-Bank
• Facebookfacebook.com/MillenniumBankTN
• Instagraminstagram.com/millenniumbanktn

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Millennium Bank