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Special Alerts

SA-173-2009
October 1, 2009


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Counterfeit Official Checks
Summary: Counterfeit official checks bearing the name Peoples Bank, Lynden, Washington, are reportedly in circulation.

Peoples Bank, Lynden, Washington, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation. Peoples Bank does not issue official checks; however, it does issue cashier's checks.

The counterfeit items display the routing number 122042205, which is assigned to Preferred Bank, Los Angeles, California. Peoples Bank issues cashier's checks through a payable through account held at Preferred Bank. The counterfeit items display a security feature statement embedded in the top border. The words "OFFICIAL CHECK" are in the top center. A written amount line appears in the center of the items. A security feature statement appears in the lower-right corner under the "AUTHORIZED SIGNATURE" line.

Authentic checks display a security feature statement just below the top border. The words "CASHIER'S CHECK" are in the top center. The abbreviation "RE:" appears under the wording "Pay to the Order of." A "NOTICE TO CUSTOMERS" statement appears 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:

Deposit Operations Department
Peoples Bank
419 Liberty Street
PO Box 233
Lynden, Washington 98264
Telephone: (360) 354-7249
Fax: (360) 354-7242
Email: Tera.Swan@peoplesbank-wa.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
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 10/1/2009 communications@fdic.gov