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Millennium Bankshares Corporation
1601 Washington Plaza, Reston, VA 20190 * (703) 464-0100
Business Description The company owns Millennium Bank, N.A. Millennium Bank is a nationally chartered full-service community bank with offices in Reston, Herndon and Great Falls, Virginia.
Filing
Information

Not yet
public

To Trade As  MBVA (NASNTL) Industry  Financial (SIC 6021)
Type of Stock Offered Common Shares Filing Date  10/30/2001
Domestic Shares Filed 1,150,000 Filing Range  $6.00 - $7.00
Foreign Shares Filed  0 Offering Amount  $7,475,000
Company Shares  1,150,000 Est. Expenses  - -
Selling Shrhldrs Shares  0 Post-IPO Shares  3,397,978
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
McKinnon & Company, Inc. Lead Manager (757) 623-4636
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 6 Months Ending
Figures in U.S. millions except per share data       12/31/1999 12/31/2000 6/30/2000 6/30/2001
Revenues   - - - 0.853 5.330 1.812 4.288
Income from Oper.   - - - - - - -
Net Income   - - - -1.141 0.543 -0.005 0.561
E.P.S   - - - -0.690 0.330 0.000 0.290
Revenue Growth (%)      - - - 524.853   136.64
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - 10.19 13.08 -
Cash Flow - Oper.     -0.39 - -
Cash Flow - Inv.     -53.14 - -
Cash Flow - Fin.     52.57 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/30/2001 Financial Ratios
Total Assets    117.46 Current Assets    - Current Ratio    -
Total Liab.    106.28 Current Liab.    - Debt Ratio    90.48%
Total Equity    11.18 Working Cap.    - Debt to Equity Ratio    9.50
Cash    -    Return on Assets   0.48%
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes including providing additional capital for the bank.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Williams Mullen Christian & Dobbins
Auditor  Thompson, Greenspon & Co.
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Last updated: 11/4/2001 7:25:13 PM
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