New Millennium Bank is headquartered in FORT LEE and is the 29th largest bank in the state of New Jersey. It is also the 1,215th largest bank in the nation. It was established in 1999 and as of March of 2023, it had grown to 75 employees at 9 locations. New Millennium Bank's money market rates are 6X the national average, and it has an A health rating.
Efficient and friendly service and good rates. What more can you ask.
Overall | |
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FDIC Certificate # | 35151 |
Year Established | 1999 |
Employees | 75 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.21% |
Return on Equity - YTD | 14.86% |
Annual Interest Income | $10.8MM |
Assets and Liabilities | ||
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Assets | Q1 2023vs Q1 2022 | $776.8MM$566.8MM |
Loans | Q1 2023vs Q1 2022 | $629.8MM$366.3MM |
Deposits | Q1 2023vs Q1 2022 | $703.9MM$500.0MM |
Equity Capital | Q1 2023vs Q1 2022 | $64.3MM$53.1MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $8.8MM$8.4MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $3.0MM$1.8MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $133.00K$137.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.50%* | $500k* | - | Money Market Account | ||
OTHER TIERS: 1.75% → $1k - $100k | 2.00% → $100k - $250k | 2.25% → $250k - $500k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.15% | $500 | - | Business Interest Checking Account |
New Millennium Bank Locations | ||
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Brunswick Town Center Branch | 20-50 Jersey Avenue | New Brunswick, NJ 08901 |
Palisades Park Branch | 134 Broad Ave | Palisades Park, NJ 07650 |
Piermont Road Branch Office | 570 Piermont Road, Unit A-2 | Closter, NJ 07624 |
Flushing Branch Office | 141-28 Northern Blvd | Flushing, NY 11354 |
Bayside Branch | 209-35 Northern Boulevard | Bayside, NY 11361 |
Fort Lee Branch | 1620 Lemoine Avenue | Fort Lee, NJ 07024 |
Duluth Branch Office | 3350 Steve Reynolds Blvd. | Duluth, GA 30096 |
New Millennium Bank | 222 Bridge Plz S | Fort Lee, NJ 07024 |
Manhattan Branch | 312 Fifth Ave, 3rd Floor | New York, NY 10001 |