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Special Alerts

SA-19-2004
March 8, 2004


TO: CHIEF EXECUTIVE OFFICER (also may be of interest to Security Officer)
SUBJECT: Entity That May Be Conducting Banking Operations Without Authorization
Summary: The Office of the Comptroller of the Currency has notified the FDIC of an unauthorized financial institution.

The Office of the Comptroller of the Currency (OCC) has advised the Federal Deposit Insurance Corporation (FDIC) that the following entity may be conducting banking business illegally or without authorization:

Cherokee Heritage National Bank
No known location

The entity has not been granted a national bank charter; therefore, the individuals promoting this organization are not authorized to issue stock or perform any business as a national bank. Proposed transactions involving this entity should be viewed with extreme caution.

Information about this entity may be forwarded to the FDIC’s Special Activities Section, 550 17th Street, NW, Room F-4040, Washington, D.C. 20429, or transmitted electronically to alert@fdic.gov.

For your reference, FDIC Special Alerts may be accessed from the FDIC’s Web site at http://www.fdic.gov/news/news/SpecialAlert/2004/index.html. To learn how to automatically receive Special Alerts, Financial Institution Letters and other announcements through e-mail, please visit www.fdic.gov/news/news/announcements/index.html.

Michael J. Zamorski
Director
Division of Supervision and Consumer Protection

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC financial institution letters 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 3/08/2004 communications@fdic.gov

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