Millennium Bankshares Announces Branch Sale

Millennium Bankshares Corporation (OTCBB:MBVA) today announced that Millennium Bank, N.A., (�Millennium�), its wholly owned subsidiary, has entered into a purchase and assumption agreement (the �Agreement�) to sell its branch in Warrenton, Virginia, to Sonabank, a wholly owned subsidiary of Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA). The Agreement provides that Sonabank will assume certain deposits, fixed assets, and certain of the outstanding loans. Sonabank also agreed to retain all branch-based employees of Millennium at the Warrenton Branch as part of the transaction.

In the aggregate, the transaction covers approximately $26 million in deposits and approximately $26 million in loans. Under the terms of the Agreement, approximately half of the loans are scheduled to be transferred to Sonabank in late July. The remaining loans and deposits are expected to be transferred on September 28, 2009, subject to regulatory approval. Scott & Stringfellow, LLC advised Millennium on the sale of the Warrenton Branch.

John F. Novak, President and CEO of Millennium, stated, �Millennium is pleased to be able to announce this transaction, which is a continuing part of our efforts to focus on our core Northern Virginia market, and stabilize our capital position.

Forward-Looking Statements

This news release contains comments, information and guidance that constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the results expressed in forward-looking statements. Factors that might cause such a difference include a failure to maintain effective systems of internal and disclosure control; management changes; changes in interest rates and interest rate relationships; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking regulation; changes in tax laws; changes in prices, levies, and assessments; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies and litigation; trends in customer behavior as well as their ability to repay loans; changes in the national and local economy; and other factors. Millennium Bankshares undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.

About Millennium Bankshares

Millennium Bankshares Corporation is a holding company headquartered in Reston, Virginia. It was incorporated in 1998 and began operations in April 1999. Millennium provides commercial and consumer banking services through Millennium Bank, National Association. Millennium Bank is a nationally chartered community bank that provides a broad range of commercial and retail banking services designed to meet the needs of businesses and consumers in the communities it serves. The Company�s internet address is www.millenniumbankshares.com.

Millennium Bankshares (CE) (USOTC:MBVA)
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