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Special Alerts

SA-108-2006
April 14, 2006


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Counterfeit Cashier's Checks
Summary: 1st Security Bank of Washington, Mountlake Terrace, Washington, has reported that counterfeit checks bearing the institution's name and a Lynnwood, Washington, location are in circulation.

1st Security Bank of Washington, Mountlake Terrace, Washington, 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 325182289, which is assigned to 1st Security Bank of Washington. However, authentic checks are issued through Key Bank National Association, Cleveland, Ohio, and display the routing number 125000574, which is assigned to Key Bank National Association.

The counterfeit items are dissimilar in appearance to authentic checks. The counterfeit items bear the bank's name and logo in the upper-left corner above a Lynnwood, Washington, street address and a telephone number, which is not associated with the bank. The words "FDIC INSURED" and "CASHIER'S CHECK" appear in the top center. Printed in the top border is the following statement: "THIS DOCUMENT HAS A COLORED BACKGROUND AND MICROPRINTING. THE REVERSE SIDE INCLUDES AN ARTIFICIAL WATERMARK." The counterfeit items are printed on blue and white office supply stock paper and have two authorized signature lines in the lower-right corner.

Authentic checks display the bank's logo and name followed by two office locations and the bank's toll-free telephone number – (800) 683-0973 – in the upper-left portion of the check. "KEY BANK LYNNWOOD OFFICE" appears in the top-right corner of the check. One authorized signature line is displayed in the lower-right corner.

A copy of a counterfeit item and a copy of an authentic item (void) are attached for your review.

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

1st Security Bank of Washington
Client Services Department
P.O. Box 97000
Lynnwood, WA 98046-9700
Telephone: (800) 683-0973
Fax: (425) 771-1642
or
Jean Collins
Fraud Analyst
Telephone: (800) 683-0973, Extension 3202
E-mail: jeanc@1stsecurityofwa.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. 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/2006/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
Acting 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 online copies of fraudulent instruments or copies of the genuine instruments that have been counterfeited. This is to avoid attempts by others to use the electronic versions of these instruments to facilitate additional fraud. Printed copies of fraudulent instruments are mailed with the Special Alert letter to the financial institutions on the letter's distribution list (generally, FDIC-supervised banks – commercial and savings). Printed copies of the 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 04/14/2006 communications@fdic.gov