Counterfeit cashier's checks bearing the name Colonial American Bank, West Conshohocken, Pennsylvania, are reportedly in circulation

Colonial American Bank, West Conshohocken, Pennsylvania, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation. The counterfeit items are reportedly associated with a secret shopper scam and are included with correspondence from "Accurate Service Shopping Insite Inc."

The counterfeit items display the routing number 031918996, which is assigned to Colonial American Bank. The items are markedly dissimilar to authentic cashier's checks and display a security feature statement within the top border. In addition, the bank's logo, name (repeated twice), city, state and a telephone number ("1-866-616-3465"), which is not associated with the bank, are displayed in the top-left corner of the counterfeit items. The words "CASHIER'S CHECK" are located in the top center. The bank's name is repeated as "DRAWER: COLONIAL AMERICAN BANK" in the top-right corner and "for Colonial American Bank" below the printed dollar amount line. The term "USD" is printed below the numerical dollar amount line. Two signature lines are printed on the right side. "REMITTER:" appears below the signature lines.

Authentic checks display the bank's name, logo, address, telephone number and Web site address in the top center. A security padlock icon and vertical security statement appear within the right border. "Cashier's Check," "Date" and "Branch" are located near the top-right corner. One signature line and "REMITTER" appear near the top-left 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:

Daniel J. Machon, Jr.
Chief Financial Officer
Colonial American Bank
300 Conshohocken State Road, Suite 160
West Conshohocken, Pennsylvania 19428
Telephone: (610) 941-1266, extension 1102
Mobile: (610) 608-8514
Fax: (610) 941-4655
E-mail: dmachon@colonialamericanbank.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/2007/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