Counterfeit cashiers checks drawn on Presidential Bank, FSB, Bethesda, Maryland, are reportedly in circulation

Presidential Bank, FSB, Bethesda, Maryland, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashiers checks bearing the institutions name are in circulation.

The counterfeit items display the proper routing number of 255073345 for Presidential Bank, FSB. The counterfeit items and the authentic checks are similar. However, authentic cashiers checks are printed on a pink background. The counterfeit items are printed on a blue background and, when photocopied, counterfeit items show the word “VOID” in the background. Also, the logo of Mount Rushmore, in the top left portion of the counterfeit item, is incomplete. A copy of a counterfeit item and a copy of an authentic cashiers check (VOID) are attached for your review.

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

Joseph Muir
Security Officer
Presidential Bank
4520 East-West Highway
Bethesda, Maryland 20814
Telephone: (240) 333-9059 Extension 4411
Fax: (301) 951-3582
josephm@presidential.com

Information about these instruments may be forwarded to the FDICs 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. Information 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 FDICs Web site at www.fdic.gov/news/news/SpecialAlert/2005/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

Michael J. ZamorskiDirector
Division of Supervision and Consumer Protection