Scam alert issued by FDICWORTHINGTON — Your bank has failed and the FDIC is taking control of its assets!
By: Justine Wettschreck, Worthington Daily Globe
WORTHINGTON — Your bank has failed and the FDIC is taking control of its assets!
After months of financial scandals, woes and terrors, the warning doesn’t seem that far-fetched, but the Federal Deposit Insurance Corp. (FDIC) issued an alert Monday regarding an e-mail scam that brings users to a fake Web site.
“The FDIC has received numerous reports of fraudulent emails that have the appearance of being sent from the FDIC,” the alert stated.
The subject line of the e-mail asks recipients to check their Bank Deposit Insurance Coverage. The body of the e-mail tells the recipient, “You have received this message because you are a holder of a FDIC-insured bank account. Recently FDIC has officially named the bank you have opened your account with as a failed bank, thus, taking control of its assets.”
The e-mail and the associated site linked in it are fraudulent, according to the FDIC. Recipients should consider the intent of the e-mail an attempt to collect personal or confidential information, some of which may be used to gain unauthorized access to online banking services or to conduct identity theft.
The link provided leads to a fake FDIC site, but the scammers were clever enough to add real FDIC links on the bottom of the fake page. A click on the help link redirects viewers to the FDIC help page. Likewise, the sitemap link brings up the FDIC site map.
Within a matter of hours of the FDIC warning, a reporter at the Daily Globe received the scam e-mail.
The FDIC has shut down more than 100 banks this year, including five in Minnesota.
- On Friday, Riverview Community Bank, Otsego, was closed by the Minnesota Department of Commerce, and the FDIC was named receiver.
- On Oct. 2, Jennings State Bank, Spring Grove, with approximately $56.3 million in assets and approximately $52.4 million in deposits, was closed. Central Bank, Stillwater, has agreed to assume all deposits.
- To protect the depositors, the FDIC entered into a purchase and assumption agreement with CorTrust Bank N.A., Mitchell, S.D., on Sept. 11 to assume all of the deposits of Brickwell Community Bank, Woodbury, with approximately $72 million in assets and approximately $63 million in deposits
- Mainstreet Bank, Forest Lake, with approximately $459 million in assets and approximately $434 million in deposits, was closed Aug. 28. Central Bank, Stillwater has agreed to assume all deposits, excluding certain brokered deposits.
- Horizon Bank, Pine City, with approximately $87.6 million in assets, was closed June 26. Stearns Bank N.A., St. Cloud, has agreed to assume all deposits, excluding certain brokered deposits (approximately $69.4 million).
More information can be found at www.fdic.gov.