New Millennium Bank (FDIC certificate 35151) was established in 1999 and operates through 4 branch offices located in NJ. Mr. Hong S. Hur, CEO & President of New Millennium Bank, leads a team of 52 employees.
New Millennium Bank, headquartered in New Brunswick, NJ, is rated three stars for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. As a general rule, a three star rating is “Adequate” and indicates that, among other things, this institution meets all federal capital requirements.
New Millennium Bank is a state chartered commercial bank and not a member of Federal Reserve. With $243 million in total assets, the FDIC classifies the bank’s asset concentration as "Commercial Lenders" which is defined as institutions whose commercial and industrial loans, plus real estate construction and development loans, plus loans secured by commercial real estate properties exceed 25 percent of total assets.
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