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Special Alerts

SA-88-2008
April 14, 2008


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Counterfeit Official Checks
Summary: Counterfeit official checks bearing the name First Priority Bank, Malvern, Pennsylvania, are reportedly in circulation.

First Priority Bank, Malvern, Pennsylvania, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit official checks bearing the institution's name are being circulated with several scam letters, including letters regarding employment, a consumer research entity and a rewards program.

The counterfeit items display the routing number 031918899, which is assigned to First Priority Bank, but are dissimilar to authentic cashier's checks. There are at least three different versions of the counterfeit items, including some with borders embedded with security wording. One version does not have borders and lacks security wording. However, all three versions display the wording "OFFICIAL CHECK" near the top and center of the item. The bank's logo, name and mailing address are shown in the top-left portion of the counterfeit items.

Authentic cashier's checks show the bank name in the top center and "CASHIER'S CHECK" in the lower-left portion of the check.

Copies of counterfeit items 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:

Larry Donato
Bank Secrecy Act Officer
First Priority Bank
2 W. Liberty Boulevard, Suite 104
Malvern, Pennsylvania 19355
Telephone: (610) 280-7100
Fax: (484) 527-4037
E-mail: ldonato@fpbk.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/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 4/14/2008 communications@fdic.gov