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Special Alerts

SA-5-2005
January 5, 2005


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Counterfeit Official Checks
Summary: Counterfeit official checks drawn on UmbrellaBank.com, an Internet division of New South Federal Savings Bank, Irondale, Alabama, are reportedly in circulation.

UmbrellaBank.com, Summit, Illinois, an Internet division of New South Federal Savings Bank, Irondale, Alabama, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are in circulation. Two types of counterfeit items are in circulation.

The counterfeit items display the proper routing number of 071974479 for UmbrellaBank.com. However, the counterfeit items and authentic official checks differ in appearance. Copies of the counterfeit items and an authentic official check (VOID) are attached for your review. Counterfeit items are blue, and authentic official checks are yellow. Counterfeit item #1 has the umbrella logo and "CASHIER'S CHECK" in the upper-left corner. Counterfeit item #2 has the umbrella logo near the top-middle and does not indicate the type of check. Authentic official checks have the umbrella logo over the wording "umbrellabank.com" directly in the top-middle portion of the check and the wording "OFFICIAL CHECK" is boldly printed in the lower-left portion of the check.

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

Rebecca Leon
Vice President of Internet Operations
UmbrellaBank.com
5818 South Archer Road
Summit, Illinois 60501
Telephone: (866) 649-2852
Fax: (866) 649-2840
rll@umbrellabank.com
Information about these instruments may be forwarded to the FDIC's Special Activities Section, 550 17th Street, N.W., 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/2005/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


Attachment (not available electronically)

Distribution: FDIC-Supervised Banks (Commercial and Savings)

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, 801 17th Street, NW, Room 100, Washington, DC 20434 (telephone: 1-877-275-3342 or (703) 562-2200; fax: (703) 562-2296; or e-mail: publicinfo@fdic.gov).




Last Updated 01/05/2005 communications@fdic.gov