Counterfeit cashier's checks bearing the name Ackley State Bank, Ackley, Iowa, are reportedly in circulation

Ackley State Bank, Ackley, Iowa, 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 display the routing number 263179914, which is assigned to Country Federal Credit Union, Maclenny, Florida. The counterfeit items are markedly dissimilar to authentic cashier's checks and display a "NOTICE TO MEMBERS" and the words "CASHIER'S CHECK" in the top-center area. The bank's logo, name and address are printed in the top-left corner. The word "REMITTER" appears in the lower-left corner. The statements "VOID AFTER 90 DAYS" and "NOT VALID OVER $50,000.00" are printed in the bottom center. A box that contains the numerical dollar amount and one "AUTHORIZED SIGNATURE" line are printed on the right side.

Authentic checks display the routing number 073905352, which is assigned to Ackley State Bank, Ackley, Iowa. A security feature statement is printed below the written dollar amount line. A padlock and security statement are shown to the right of the word "DOLLARS" at the end of the written dollar amount line. The words "CASHIER'S CHECK" are displayed near the lower- left corner. The bank's name, logo, location, telephone number and the statement "Serving Ackley, Geneva, & Iowa Falls & Story City" appear in the top center. The word "REMITTER" is in the top-left corner. "TWO SIGNATURES REQUIRED" appears above two signature lines. Printed above each line is "AN AUTHORIZED SIGNATURE."

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:

Kent Stensland
President and Chief Executive Officer
Ackley State Bank
650 Main Street
Ackley, Iowa 50601
Telephone: (641) 847-2651
Fax: (641) 847-2011
E-mail: kstensland@ackleystatebank.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