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Special Alerts

SA-129-2009
August 13, 2009


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

1st Equity Bank, Skokie, Illinois, 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 071925693, which is assigned to 1st Equity Bank. The items are markedly dissimilar to authentic cashier's checks. The counterfeit items display a security feature statement embedded in the top border and along the bottom border between two padlock icons. The items are light blue and incorrectly display the bank's name as "FIRST EQUITY BANK"; the correct name is "1st Equity Bank." The words "CASHIER'S CHECK" are top-centered. An unassociated logo, incorrect bank name, location and a toll-free number, not associated with the bank, are shown in the top-left corner. The items have one authorized signature line with the restrictive statement "VOID AFTER 90 DAYS" appearing below the line.

Authentic cashier's checks are light green and display a security feature statement inside a darkened top border. The restrictive statement "CHECK VALID FOR 180 DAYS FROM DATE OF ISSUE" is displayed in the lower-left corner. The words "CASHIER'S CHECK" appear in the lower-left corner. The bank's name (1st Equity Bank), location, and telephone and fax numbers are centered in the top portion. The checks have two signature lines with "AUTHORIZED SIGNATURE" and "TWO SIGNATURES REQUIRED ON CHECKS OVER $1000.00" tiered below the first line.

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:

Toni Glen
Compliance Officer
1st Equity Bank
3956 W. Dempster
Skokie, Illinois 60076
Telephone: (847) 676-9200
Fax: (847) 676-9201
E-mail: toni@1stequitybank.net

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
  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 8/13/2009 communications@fdic.gov