Alert 2006-35
ALERT

    Subject:  Unauthorized Banking
Description:  Broad Way Bank: Fictitious Internet Bank

       Date: July 14, 2006

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

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

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.treas.gov/fraudresources.htm.



Daniel P. Stipano
Deputy Chief Counsel