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Special Alerts

SA-61-2004
September 1, 2004


TO: CHIEF EXECUTIVE OFFICER (also may be of interest to Security Officer)
SUBJECT: Deceptive Claims of FDIC Insurance Coverage
Summary: First National Bank of Bedrock is falsely representing to potential customers on its Web site that it is a member of the FDIC.

The Office of the Comptroller of the Currency (OCC) has advised the Federal Deposit Insurance Corporation (FDIC) that an entity identifying itself as First National Bank of Bedrock may be conducting banking business illegally or without authorization. The OCC issued industry notification related to that entity, including a recently used Web site on which the entity disseminated information: www.freewebhosting.hostdepartment.com/F/FNBKOBR. Although that Web site is currently inactive, others may be in use.

Please be advised that the FDIC does not insure this entity or any products or services it may offer. Any information about this entity may be forwarded to the FDIC's Special Activities Section, 550 17th Street, N.W., Room F-4040, Washington, D.C. 20429, or forwarded electronically to alert@fdic.gov.

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 through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

Michael J. Zamorski
Director
Division of Supervision and Consumer Protection

Distribution: FDIC-Supervised Banks (Commercial and Savings)

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 09/01/2004 communications@fdic.gov

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