Counterfeit cashier's checks drawn on Saehan Bank, Los Angeles, California, and Coastal Community Bank, Everett, Washington, are in circulation

Saehan Bank, Los Angeles, California, has reported to the Federal Deposit Insurance Corporation (FDIC) that counterfeit cashier's checks are in circulation. The counterfeit instruments are drawn upon the bank and display the bank's routing number of 122042069. However, the authentic official checks are payable through a third party and display the routing number of the third party and not that of the bank. Additionally, the authentic check has several security features, including a watermark on the back and a microprint signature line, and displays "void" on the front of the check when copied. A copy of a counterfeit check and a copy of an authentic official check (void) are attached for your review.

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

Ms. Chang He Lee
Senior Vice President-Operations Manager
Saehan Bank
3580 Wilshire Boulevard, Suite 1500
Los Angeles, California 90010
Telephone: (213) 637-4816
Fax: (213) 637-9899

Coastal Community Bank, Everett, Washington, has also reported to the FDIC that counterfeit cashier's checks are in circulation. The counterfeit instruments are drawn upon the bank and display the bank's routing number of 125108405. While the counterfeit instruments closely resemble authentic official checks, the authentic items have a hologram foil strip at the top of the check and display the bank's telephone number in the lower left-hand corner. A copy of a counterfeit check and a copy of an authentic official check (void) are attached for your review.

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

Ms. Angela Anderson
Assistant Vice President-Operations Supervisor
Coastal Community Bank
2817 Colby Avenue
Everett, Washington 98201
Telephone: (425) 257-9000
Fax: (425) 257-0521

Information concerning these financial institutions or instruments may be forwarded to the FDIC's Special Activities Section, 550 17th Street, N.W., Room F-4040, 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.html .

For your reference, FDIC Special Alerts may be accessed from the FDIC's Web site at www.fdic.gov/news/news/SpecialAlert/2004/index.html . To learn how to automatically receive FDIC Special Alerts, Financial Institution Letters and other announcements through e-mail, please visit www.fdic.gov/news/news/announcements/index.html .

Michael J. ZamorskiDirector
Division of Supervision and Consumer Protection