Subject: Unauthorized Banking
Date: January 8, 2018
Description: Bluegate Industrial Bank USA, N.A.
Unauthorized Banking: Bluegate Industrial Bank USA, N.A.
To: 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 Bluegate Industrial Bank USA, N.A., purports to be an online financial institution offering regular banking products as well as loan services. Bluegate Industrial Bank USA, N.A., is not a licensed or chartered bank.
The website [www.bluegateindustrialbank.com], which was established on December 24, 2017, offers neither contact information nor a physical address. Potential “customers” are expected to create an account utilizing an online form.
Consumers who may have created an account on this website by providing personal information are urged to safeguard their identity. Information on identity theft recovery is available on the Federal Trade Commission’s website. Consumers who may have been victimized by this entity should file reports with the following agencies:
Additional information concerning this matter that should be brought to the attention of the Office of the Comptroller of the Currency (OCC) may be forwarded to
Office of the Comptroller of the Currency
For additional information regarding other types of financial fraud, please visit the OCC’s anti-fraud resources page.
Monica A. Freas