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Special Alerts

SA-73-2008
March 31, 2008


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Fraudulent Traveler's Checks
Summary: Fraudulent travelerís checks bearing the name American Alliance Bank are reportedly in circulation.

Alliance Bank, Lake City, Minnesota, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that fraudulent traveler's checks bearing the name of American Alliance Bank are in circulation. In February 2007, American Alliance Bank merged into Alliance Bank. American Alliance Bank did not issue traveler's checks.

There are two versions of the fraudulent items. Both are in $100 denominations and display the words "AMERICAN ALLIANCE BANK TRAVELERS CHEQUE."

Version 1: The fraudulent items display the routing number 091811965, which was assigned to American Alliance Bank. The items also display images of the Statue of Liberty, the U.S. Capitol, a U.S. map, and the U.S. Homeland Security seal. "ISSUED BY FEDERAL CREDIT UNION, DC" appears above the seal. "AMERICAN ALLIANCE BANK TRAVELERS CHEQUE" is repeated in the bottom border.

Version 2: The items display the U.S. Capitol in the middle with the stamp of an American eagle, a U.S. flag and motto "IN GOD WE TRUST" on either side.

Copies of two versions of the fraudulent items are attached for your review. Be aware that the appearance of fraudulent 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:

David J. Lynn
Senior Vice President
Alliance Bank
105 East Lyon Avenue
Lake City, Minnesota 55041
Telephone: (507) 233-8234
Fax: (507) 354-1418
E-mail: Dave.Lynn@alliancebanks.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 3/31/2008 communications@fdic.gov