ALERT 97-8
Type: Unauthorized Banking    Subject:  First Savings Bank  

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); District Administrators; District
     Counsel and Examining Personnel


RE:  First Savings Bank
     800 W. Oakland Park Blvd., Suite 306
     Ft. Lauderdale, FL   33311


Information has been received that the subject entity may be
operating a banking business 
in the United States without authorization.  Further, the State
of Florida Comptroller has advised that the subject entity has
not been granted permission to operate in Florida.   

Any information which you may have concerning this matter should
be brought to the 
attention of:

                    Office of the Comptroller of the Currency
                    Enforcement & Compliance Division
                    250 E Street, SW
                    Washington, DC  202l9
                    Fax (202) 874-5301





                                 
Daniel P. Stipano
Director
Enforcement & Compliance Division                    
Date: April 15, 1997