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Special Alerts

SA-26-2004
March 24, 2004


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Counterfeit Cashier's Checks
Summary: Counterfeit cashier's checks drawn on Wainwright Bank & Trust Company, Boston, Massachusetts, and The Bank of Kentucky, Inc., Crestview Hills, Kentucky, are in circulation.

Wainwright Bank & Trust Company, Boston, Massachusetts, has reported to the Federal Deposit Insurance Corporation (FDIC) that counterfeit cashier's checks are in circulation. The counterfeit instruments are drawn upon the bank and display the bank's proper routing number of 011002550. The counterfeit checks do not resemble the bank's authentic checks. The authentic official checks have a full border and display the bank logo "W." The authentic checks also display "TREASURER'S CHECK" in the upper-center of the check body, while the counterfeit instruments display "CASHIER'S CHECK" in the lower-left corner. A copy of a counterfeit check and a copy an authentic official check (void) are attached for your review.

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

Mr. John Berry
Vice President
Wainwright Bank & Trust
63 Franklin Street
Boston, Massachusetts 02110
Telephone: (617) 478-4000
Fax: (617) 478-4070

The Bank of Kentucky, Inc., Crestview Hills, Kentucky, has also reported to the FDIC that counterfeit cashier's checks are in circulation. The counterfeit instruments are drawn upon Peoples Bank of Northern Kentucky, which was purchased by The Bank of Kentucky in November 2002. The counterfeit items have the routing number of 042102267, which was the correct routing number of the former Peoples Bank of Northern Kentucky. A copy of an authentic official check (void) from the former Peoples Bank of Northern Kentucky is attached; however, these checks are not issued by The Bank of Kentucky, and only a few remain outstanding. A copy of a counterfeit check is also attached for your review.

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

Ms. Laura Bensen
Internal Auditor
The Bank of Kentucky
111 Lookout Farm Drive
Crestview Hills, Kentucky 41017
Telephone: (859) 372-9768
Fax: (859) 578-2584

Information concerning these financial institutions or instruments may be forwarded to the FDIC's Special Activities Section, 550 17th Street, NW, Room F-4040, 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/2004/index.html. To learn how to automatically receive FDIC Special Alerts, Financial Institution Letters and other announcements through e-mail, please visit www.fdic.gov/news/news/announcements/index.html.

Michael J. Zamorski
Director
Division of Supervision and Consumer Protection

Attachments (not available electronically)

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: NOTE: Paper copies of FDIC Special Alerts may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).




Last Updated 03/24/2004 communications@fdic.gov