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Special Alerts

SA-39-2008
February 19, 2008


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Counterfeit Cashier's Checks
Summary: Counterfeit cashier's checks bearing the name First Bank of Owasso, Owasso, Oklahoma, are reportedly in circulation.

First Bank of Owasso, Owasso, Oklahoma, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation. The items are reportedly associated with a mystery shopping scam.

The counterfeit items display the routing number 103112853, which is assigned to First Bank of Owasso, but are markedly dissimilar to authentic cashier's checks. The counterfeit items display a security feature statement embedded in the top border and along the bottom border between two padlocks. The words "CASHIER'S CHECK" and an indemnity bond statement are in the top center. The bank's logo ("First.") and name are shown in white print inside a darkened rectangle in the top-left corner. The bank's name, the statement "Payable Through First Bank of Owasso, Owasso, OK" and a telephone number ("1-866-504-3141"), which is not associated with the bank, appear below the darkened rectangle on the left side. The word "REMITTER" appears in the lower-left corner.

Authentic cashier's checks have ornate borders. The words "CASHIER'S CHECK" and a "NOTICE TO CUSTOMERS" regarding an indemnity bond appear in the lower-left corner. The bank's logo, name, slogan "The bank you can believe in" and location are in the top center. Displayed in the right border is a security padlock between two vertical security statements. "OFFICIAL COUNTERSIGNATURE REQUIRED IF ISSUED FOR $10,000.00 OR OVER" and "AUTHORIZED OFFICER" appear above two signature lines in the lower-right corner.

Copies of a counterfeit item 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:

Amy Scoggins
Operations and Compliance Manager; BSA and Security Officer
First Bank of Owasso
102 West Second Avenue
Owasso, Oklahoma 74055
Telephone: (918) 272-8917
Fax: (918) 272-8219
E-mail: amys@firstbank.net

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 2/19/2008 communications@fdic.gov