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Special Alerts

SA-74-2005
July 1, 2005


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Counterfeit Cashiers Checks
Summary: Counterfeit cashiers checks drawn on Presidential Bank, FSB, Bethesda, Maryland, are reportedly in circulation.

Presidential Bank, FSB, Bethesda, Maryland, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashiers checks bearing the institutions name are in circulation.

The counterfeit items display the proper routing number of 255073345 for Presidential Bank, FSB. The counterfeit items and the authentic checks are similar. However, authentic cashiers checks are printed on a pink background. The counterfeit items are printed on a blue background and, when photocopied, counterfeit items show the word “VOID” in the background. Also, the logo of Mount Rushmore, in the top left portion of the counterfeit item, is incomplete. A copy of a counterfeit item and a copy of an authentic cashiers check (VOID) are attached for your review.

Any information you have concerning this matter should be brought to the attention of:

Joseph Muir
Security Officer
Presidential Bank
4520 East-West Highway
Bethesda, Maryland 20814
Telephone: (240) 333-9059 Extension 4411
Fax: (301) 951-3582
josephm@presidential.com
Information about these instruments may be forwarded to the FDICs Cyber-Fraud and Financial Crimes Section, 550 17th Street, N.W., Room F-4004, Washington, D.C. 20429, or transmitted electronically to alert@fdic.gov. Information related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at http://www2.fdic.gov/starsmail/index.asp.

For your reference, FDIC Special Alerts may be accessed from the FDICs Web site at www.fdic.gov/news/news/SpecialAlert/2005/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

Michael J. Zamorski
Director
Division of Supervision and Consumer Protection

Attachment (not available electronically)

NOTE: As a security precaution, the FDIC does not post to its Web site online copies of fraudulent instruments or copies of the genuine instruments that have been counterfeited. This is to avoid attempts by others to use the electronic versions of these instruments to facilitate additional fraud. Printed copies of fraudulent instruments are mailed with the Special Alert letter to the financial institutions on the letters distribution list (generally, FDIC-supervised banks – commercial and savings). Printed copies of the Special Alert and its attachment(s) may also be obtained from the FDICs Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (telephone: 1-877-275-3342 or (703) 562-2200; fax: (703) 562-2296; or e-mail: publicinfo@fdic.gov).

Distribution: FDIC-Supervised Banks (Commercial and Savings)


Last Updated 7/1/2005 communications@fdic.gov