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Special Alerts

SA-98-2008
May 12, 2008


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

Pine Island, Pine Island, Minnesota, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 091903967, which is assigned to Pine Island. The items are markedly dissimilar to authentic cashier's checks and display check numbers in red print. The counterfeit items display the following security statement embedded within the top border: "FOR SECURITY PURPOSES, THE FACE OF THIS DOCUMENT CONTAINS A COLORED BACKGROUND AND MICROPRINTING IN THE BORDER." A security statement is also shown along the bottom border between two padlock icons. The words "CASHIER'S CHECK" and an indemnity bond statement are in the top center. The bank's logo and name (underlined) are in light green in the top-left corner. The bank's name and the phrases "Payable Through Pine Island Bank, Pine Island, MN, For Inquires call 1-800-373-0868" are on the left side. (Note: The telephone number shown is not associated with the bank.) The words "AUTHORIZED SIGNATURE" and "COUNTERSIGNED" are shown below two signature lines, respectively, in the lower-right corner. The word "REMITTER" appears in the lower-left corner.

Authentic cashier's checks have ornate scroll borders and a white swirl design inside the top-left corner. A security padlock icon and a vertical security statement are centered within the right border. The bank's logo, name, street address, P.O. Box, city, state and telephone number 507-356-8328 are centered in the top portion. The security statement "THIS DOCUMENT HAS A MICRO- PRINT SIGNATURE, AUTHENTIC WATERMARK, AND CHLOROSTAIN PAPER; ABSENCE OF THESE FEATURES WILL INDICATE A COPY" appears below the written dollar-amount line. The phrase "TWO SIGNATURES REQUIRED IF OVER $5000.00" appears above two signature lines in the lower-right corner. The word "REMITTER" appears in the top-left corner.

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:

Bookkeeping Department
Pine Island Bank
128 S. Main Street
P.O. Box 68
Pine Island, Minnesota 55963
Telephone: (507) 356-6666
Fax: (507) 356-2046

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/2008/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 5/12/2008 communications@fdic.gov