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Special Alert

BSA/AML, OFAC and Fraud
May 1, 1997

TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Entities That May Be Conducting Banking Operations in the United States Without Authorization

The Office of the Comptroller of the Currency has advised us that the following entities may be conducting banking business in the United States illegally or without authorization. Proposed transactions involving any of the listed entities should be viewed with extreme caution.

    First Savings Bank
    800 W. Oakland Park Blvd., Suite 306
    Ft. Lauderdale, FL

    Panacea Bank & Trust
    P.O. Box 30054
    Bellingham, WA

Please forward any information concerning these entities to the FDIC's Special Activities Section, 550 17th Street, N.W., Room F-612, Washington, D.C. 20429.


Nicholas J. Ketcha Jr.
Director, Division of Supervision

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 St., N.W., Room 100, Washington, D.C. 20434 (800-276-6003 or (703) 562-2200).


FIL-43-97

Last Updated: May 1, 1997