TO:
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CHIEF EXECUTIVE OFFICER
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SUBJECT:
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The Excelsior Bank/The Excelsior
Bank International Corp., Barbados, West Indies
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The Excelsior Bank/The Excelsior Bank International Corp., an offshore
registration in Barbados, West Indies, is soliciting deposits on the Internet.
Deposits in The Excelsior Bank/The Excelsior Bank International Corp. are not
insured by the Federal Deposit Insurance Corporation (FDIC), nor is the entity
authorized, supervised or regulated by any U.S. financial institution regulatory
agency. The entity's advertisement indicates it is a Class A Bank and its
deposits are insured. Both statements are false and misleading. Anyone
considering transactions with this entity should exercise careful due diligence
before proceeding.
Please forward any information concerning this entity to the FDIC's
Special Activities Section, 550 17th Street, N.W., Room F-6012,
Washington, D.C. 20429.
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Nicholas J. Ketcha
Jr.
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Director
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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, N.W., Room 100, Washington, D.C. 20434 (800-276-6003
or (703) 562-2200).
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