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Alert 2006-35
Description: Broad Way Bank: Fictitious Internet Bank

Broad Way Bank 5960 N. Broadway Washington DC, 20026 USA. http://www.broadwaybk.com

To: Chief Executive Officers of All National Banks; All State Banking Authorities; Chairman, Board of Governors of the Federal Reserve System; Chairman, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (districts); Assistant Deputy Comptrollers; District Counsel and Examining Personnel

The Office of the Comptroller of the Currency (OCC) has been informed that the above-mentioned entity is representing itself as a bank and is offering banking products and services to the general public via the Internet.

Broad Way Bank is not a registered bank for the District of Columbia, and the listed address does not exist in that city. The Web site registration information lists an address in Independence, Missouri as the contact location. The State of Missouri reports that there is no record of such a company being authorized or licensed to conduct the business of banking, nor has it been registered with the Secretary of State as a business entity. The OCC has not authorized the above entity to operate as a bank or conduct banking business anywhere in the United States.

Certain statements on the Web site, www.broadwaybk.com, refer to information that is for the legitimate Broadway Bank, located in Chicago, Illinois, which is FDIC insured and registered with the State of Illinois. The Internet address for the registered Broadway Bank is: http://www.broadwaybankchicago.com

If you have any information about the Web site, broadwaybk.com, or if you have contacted that site and provided any of the requested personal information by or through the site, please contact the OCC.

Any information that you may have concerning this matter may be sent to:

E-mail: occalertresponses@occ.treas.gov
Mail: Office of the Comptroller of the Currency
Enforcement & Compliance Division, MS 8-10
250 E Street, SW, Washington, DC 20219
Fax: (202) 874-5301

For additional information on this and other types of financial fraud, please visit the OCC's anti-fraud resource at:
http://www.occ.gov/topics/consumer-protection/fraud-resources/index-fraud-resources.html.

/signed/

Daniel P. Stipano
Deputy Chief Counsel