Each depositor insured to at least $250,000 per insured bank



Home > News & Events > Special Alerts




Special Alerts

SA-26-2009
February 18, 2009


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

Linn County State Bank, Coggon, Iowa, 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 073922018, which is assigned to Linn County State Bank. The items are labeled as cashier's checks in the top-center area and display a security feature statement along the bottom border between two padlock icons. The bank's logo, name, city and state appear in the top-left corner. A toll-free telephone number, which is not associated with the bank, is shown below the bank's name, city and state.

Linn County State Bank does not issue cashier's checks. Instead, it issues money orders, which display the words "MONEY ORDER" vertically along the left side. The bank's name and two branch addresses are shown in the top-left corner and the bank's logo and name are shown in the top-center area.

Copies of a counterfeit item and an authentic money order (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:

Kevin Banasik
Assistant Vice President and Cashier
Linn County State Bank
P.O. Box 10860
Cedar Rapids, Iowa 52410
Telephone: (319) 447-2551
Fax: (319) 447-2556
E-mail: kevinb@linncsb.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 2/18/2009 communications@fdic.gov