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Special Alerts

January 8, 2009

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

Welcome State Bank, Welcome, 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 091210993, which is assigned to Welcome State Bank. The items also display security feature statements embedded in the top border and along the bottom border between two padlock icons. The word's "CASHIER'S CHECK" are shown in the top-left corner and a toll-free telephone number is shown below the bank's name and address in the top-center area.

Authentic cashier's checks display a designed border on all four sides and a security statement below the written dollar amount line. A padlock icon is shown on the right side of the dollar amount line and the words "CASHIER'S CHECK" are shown in the lower-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:

Mark A. Stoffel
Vice President
Welcome State Bank
111 Guide Street, North
P.O. Box 238
Welcome, Minnesota 56181
Telephone: (507) 728-8251
Fax: (507) 728-8819
E-mail: stoffel@welcomestatebank.com

Alternate Contact:

Jon Saxen
Welcome State Bank
111 Guide Street, North
P.O. Box 238
Welcome, Minnesota 56181
Telephone: (507) 728-8251
Fax: (507) 728-8819
E-mail: jsaxen@welcomestatebank.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/2009/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
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 1/8/2009 communications@fdic.gov