Millennium Bank
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.
- Company typePrivate
- Founded1999
- HeadquartersChattanooga, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
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.
Millennium Bank firmographics
Firmographics- 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
Millennium Bank industry classification
Industry- 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
Where Millennium Bank is headquartered
LocationHeadquarters
- HQ city
- Chattanooga
- HQ country
- United States
- HQ region
- North America
Offices12 records
Markets served
Millennium Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Interest Income from Loans: Primary revenue stream from interest earned on personal and commercial loans including mortgages, business loans, and lines of credit
- Deposit Account Fees: Monthly maintenance fees, excess transaction fees, and paper statement fees for various deposit accounts
- Business Banking Services: Fees from business checking accounts, analysis services, cash management, and remote deposit capture
- Electronic Banking Services: Revenue from online bill pay, mobile banking, and other electronic transaction services
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | EZ Savings - Basic savings account for individuals |
| Subscription | Monthly | Business eAdvantage Checking - Entry-level business checking |
| Subscription | Monthly | Commercial Analysis Checking - Business checking with analysis services |
| Subscription | Monthly | Business Money Market - Mid-size business money market account |
| Subscription | Monthly | Premier Money Market - Large business money market account |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Millennium Bank product offering
Product offeringCore 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
Companies that use Millennium Bank
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Millennium Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature8 records
Millennium Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- BanzaiminorMillennium 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
Millennium Bank competitors and assessment
Company assessmentDirect 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
Millennium Bank social profiles
Digital presenceMillennium Bank compliance and trust
Trust signalCompliance6 records
Millennium Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Millennium Bank leadership team
Management profileNumber of profiles
Profiles14 records
Millennium Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Millennium Bank M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Millennium Bank
What does Millennium Bank do?
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.
Is Millennium Bank a public or private company?
Millennium Bank is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Millennium Bank founded?
Millennium Bank was founded in 1999. It employs 101 to 250 people.
Where is Millennium Bank based?
Millennium Bank is headquartered in Chattanooga, United States, in the North America region.
How does Millennium Bank make money?
Four revenue lines are on record. Interest Income from Loans are the primary driver. The others are deposit Account Fees, business Banking Services and electronic Banking Services.
Who are Millennium Bank's main competitors?
Direct peers on record are Bank of Tennessee, SmartFinancial, Wilson Bank & Trust, First Volunteer Bank and FirstBank (First Tennessee Bank). Broad incumbents are SouthState Corporation, Pinnacle Financial Partners, ServisFirst Bancshares, Renasant Corporation and First Citizens BancShares.
Does Millennium Bank have an API?
No public API is recorded for Millennium Bank.
What industry is Millennium Bank in?
Millennium Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAKAK, Savings Banks (Public/State-Owned). Its NAICS code is 5221 and its SIC code is 6022.