Each depositor insured to at least $250,000 per insured bank



Home > News & Events > Special Alerts




Special Alerts

SA-135-2009
August 19, 2009


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Xoom Escrow Bank and Escrow America Bank May Be Conducting Banking Activities in the United States Without Authorization
Summary: The Hawaii Division of Financial Institutions, Honolulu, Hawaii, has identified Xoom Escrow Bank and Escrow America Bank as entities that may be illegally operating as financial institutions.

Hawaii Division of Financial Institutions, Honolulu, Hawaii, has contacted the Federal Deposit Insurance Corporation (FDIC) to report Xoom Escrow Bank and Escrow America Bank as entities operating without authority in the State of Hawaii.

Xoom Escrow Bank has been reportedly conducting banking activities from the Web site www.xe-bank.com. This entity is purportedly headquartered in Hawaii and is a subsidiary of a company by the name of Bristol Group of Companies. This information has not been substantiated. Xoom Escrow Bank does not have authorization from the FDIC or the State of Hawaii to operate as a financial institution in the United States. Any business activities conducted with or through Xoom Escrow Bank should be done cautiously.

Escrow America Bank has been reportedly conducting banking activities from the Web site www.escrow-americabank.com. This entity is purportedly headquartered in Hawaii and is affiliated with a company by the name of Escrow America Bank Group. This information has not been substantiated. Escrow America Bank does not have authorization from the FDIC or the State of Hawaii to operate as a financial institution in the United States. Any business activities conducted with or through Escrow America Bank should be done cautiously.

Any information you have concerning this matter should be brought to the attention of:

Lynne Himeda
Deputy Commissioner
Hawaii Division of Financial Institutions
Department of Commerce and Consumer Affairs
King Kalakaua Building
335 Merchant Street, Room 221
Honolulu, Hawaii 96813
(808) 586-2814

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/2009/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

Distribution: FDIC-Supervised Banks (Commercial and Savings)




Last Updated 8/19/2009 communications@fdic.gov