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Special Alerts

SA-70-2008
March 31, 2008


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Counterfeit Cashier's Checks
Summary: Counterfeit cashier's checks bearing the name Grant County Bank, Ulysses, Kansas, are reportedly in circulation.

Grant County Bank, Medford, Oklahoma, 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 103103765, which is assigned to Grant County Bank, but are markedly dissimilar to authentic cashier's checks. The counterfeit items display a security feature statement embedded in a darkened top border and along the bottom border between two padlocks. The words "CASHIER’S CHECK" and an indemnity bond statement are in the top-center area. An unassociated logo and the bank's name appear in the top-left corner along with the bank’s name (repeated), "Payable Through Grant County Bank, Ulysses, KS," (incorrect city and state) and "For inquiries call (806) 495-3692." Note that the telephone number shown is not associated with the bank. The word “REMITTER” appears in the lower-left corner and there are two signature lines.

Authentic cashier's checks have ornate borders, and a padlock icon and security feature statement in the right border. The words "CASHIER'S CHECK" are in the lower-left corner and "REMITTER" is in the top-left corner. The bank's logo (emblem with initials "GCB"), name and "Medford, Oklahoma 73759" appear in the top center. A rectangular box containing the numeric dollar amount appears on the right side. Authentic cashier's checks have only one signature line.

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:

Jo Hula
Proof Processing Department
Grant County Bank
120 South Main
Medford, Oklahoma 73759
Telephone: (580) 395-3335
Fax: (580) 395-3338
E-mail: gcb395@kskc.net

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/2008/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 3/31/2008 communications@fdic.gov