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Special Alerts

SA-215-2006
August 1, 2006


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Entity That May Be Conducting Banking Operations in Canada or the United States Without Authorization
Summary: Broad Way Bank may be illegally operating as a financial institution.

The Office of the Comptroller of the Currency (OCC) has been informed that Broad Way Bank, 5906 N. Broadway, Washington, DC 20026 USA (www.broadwaybk.com) is representing itself as a bank and is offering banking products and services to the general public via the Internet.

Broad Way Bank is not registered as a bank with the District of Columbia, and the listed address does not exist in that city. The Web site registration information lists an address in Independence, Missouri, as the contact location. The State of Missouri reports that there is no record of such a company being authorized or licensed to conduct the business of banking, nor has it been registered with the Secretary of State as a business entity. The entity is not insured by the FDIC.

Certain statements on the Web site, www.broadwaybk.com, refer to information that is for the legitimate Broadway Bank, located in Chicago, Illinois, which is an FDIC-insured financial institution and registered with the State of Illinois.

If you have any information about the Web site www.broadwaybk.com, or if you have contacted that site and provided any of the requested personal information by or through the site, please contact the OCC.

Additional information concerning this matter that you believe should be brought to the OCC's attention may be forwarded to:

Mail: Office of the Comptroller of the Currency
Special Supervision Division, MS 8-10
250 E Street, SW
Washington, DC 20219
Fax: (202) 874-5301
E-mail: occalertresponses@occ.treas.gov
Internet:http://www.occ.gov

Information about counterfeit items, cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC's 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 FDIC's Web site at www.fdic.gov/news/news/SpecialAlert/2006/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

Sandra L. Thompson
Acting Director
Division of Supervision and Consumer Protection

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC Special Alerts may be obtained through the FDIC's Public Information (1-877-275-3342).




Last Updated 08/01/2006 communications@fdic.gov