Alert 2016-9| August 25, 2016
Unauthorized Banking: Banc of Omaha
Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, 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 Counsels; and All Examining Personnel
The Office of the Comptroller of the Currency (OCC) has been informed that an entity calling itself Banc of Omaha purports to be a lender specializing in business capital. Banc of Omaha is not a licensed or chartered bank but is using a logo similar to that of Mutual of Omaha Bank, which is a chartered financial institution regulated by the OCC.
Business owners and consumers (who may not be business owners) are receiving letters by fax and mail stating that their company has been approved for up to $250,000 in working capital. The letter pressures the recipient to respond by a deadline because of limited funds. The correspondence is signed by Sam Thomas and includes a telephone number of (800) 706-7712 and a website address of [www.BancofOmaha.com]. When the telephone number is dialed, an automated recording announces itself as Banc of Omaha; however, the individual who then answers the line provides the names of “Business Services” and “U.S. Business Capital.” No physical addresses are available for these entities.
Additional information concerning this matter that should be brought to the OCC's attention may be forwarded to:
Office of the Comptroller of the Currency
Special Supervision Division
400 7th St. SW, Suite 3E-218; MS 8E-12
Washington, DC 20219
Phone: (202) 649-6450
Fax: (571) 293-4925
Ellen M. Warwick
Director for Enforcement and Compliance
- Sample Correspondence (PDF)