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Special Alerts

SA-271-2007
October 3, 2007


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Counterfeit Cashier's Checks
Summary: Counterfeit cashier's checks bearing the name Providence Bank, Rocky Mount, North Carolina, are reportedly in circulation.

Providence Bank, Rocky Mount, North Carolina, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation. The items are reportedly associated with a mystery shopper scam.

The counterfeit items display the routing number 053112657, which is assigned to Providence Bank. The items are markedly dissimilar to authentic official checks and are brown with ornate borders. The counterfeit items display a security feature statement embedded within the top and bottom borders and a security padlock icon in the right border. The words "CASHIER'S CHECK" are printed in the top center. A telephone number, which is not associated with the bank, ("1.866.616.3465") appears below the bank's logo, name and location in the top-left corner. The bank's name is repeated following the word "DRAWER" in the top-right corner. The bank's name is also printed after the word "for" beneath the written dollar amount line. Two signature lines are preceded by the word "PER" on the right side. The words "Signing Officer" are printed beneath each signature line and the word "REMITTER" is below the bottom signature line.

Providence Bank does not issue cashier's check; however, it does issue official checks. Authentic official checks are blue and display "OFFICIAL CHECK" vertically along the left border. The written dollar amount appears inside an elongated octagon. The checks have one signature line with "AUTHORIZED SIGNATURE" printed beneath it.

Copies of a counterfeit item and an authentic check (VOID) are attached for your review. Be aware that the appearance of counterfeit items can be modified and that additional variations may be presented.

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

Trudy Brinson
Vice President and Operations Manager
Providence Bank
2501 Sunset Avenue
Rocky Mount, North Carolina 27804
Telephone: (252) 443-9477
Fax: (252) 443-9242
E-mail: tbrinson@pbknc.com

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. Questions 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 website at www.fdic.gov/news/news/SpecialAlert/2007/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
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 electronic images of fraudulent items or authentic checks that have been counterfeited. This is to avoid attempts by others to use these instruments to facilitate additional fraud. Financial institutions can view images of the fraudulent items and authentic checks (marked as VOID) using the FDIC's free, secure Web site, FDICconnect. (See more information about FDICconnect at http://www.fdic.gov/news/news/financial/2006/fil06032.html.) Printed copies of each Special Alert and its attachment(s) may also be obtained from the FDIC's Public Information Center (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 10/3/2007 communications@fdic.gov