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Special Alerts

SA-89-2006
April 12, 2006


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Unauthorized Banking Activities
Summary: The Central Bank of the Bahamas reports there is no record of Trinity Savings Bank, Ltd, Nassau, Bahamas, being authorized or licensed to conduct banking business from the Bahamas.

The Office of the Comptroller of the Currency (OCC) has informed the Federal Deposit Insurance Corporation (FDIC) that Trinity Savings Bank, Ltd., Nassau, Bahamas, has represented itself as a bank and offered banking products and services to the general public. The Central Bank of the Bahamas reports that there is no record of such a company being authorized or licensed to conduct the business of banking from the Bahamas. The OCC has not authorized the referenced entity to operate as a bank or conduct banking business anywhere in the United States. Furthermore, deposits of Trinity Savings Bank are not insured by the FDIC.

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

Mail: Office of the Comptroller of the Currency
  Enforcement & Compliance Division, MS 8-10
250 E Street, SW
Washington, DC 20219
Fax: (202) 874-5301
E-mail: occalertresponses@occ.treas.gov

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 website 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

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC Special Alerts may be obtained through the FDIC's Public Information (1-877-275-3342).




Last Updated 04/12/2006 communications@fdic.gov