First Choice Bank ("FCB") - 20 April 2004
Public Statement - First Choice Bank
This statement is made in order to warn investors and others against dealing with unauthorised financial services providers.
The purpose of this statement is to advise the public that First Choice Bank ("FCB") which is purportedly represented by the website www.firstchoicebank.net, has not received authorisation to conduct financial services within the meaning of the laws stated below.
The Commission has recently been made aware that the FCB website implies that FCB has an office in Jersey when it does not.
The Jersey Financial Services Commission ("the Commission") has issued this public statement under Article 22 of the Financial Services (Jersey) Law 1998, as amended ("the Financial Services Law"), Article 45B of the Banking Business (Jersey) Law 1991, as amended ("the Banking Business Law") and Article 14A of the Collective Investment Funds (Jersey) Law 1988, as amended ("the Collective Investment Funds Law").
The Commission wishes it to be known that:
It would appear that FCB is in no way connected to the First Choice Bank located at 2000 West State Street, Suite E, Geneva, Illinois 60134 which is a member of the Federal Deposit Insurance Corporation ("FDIC") in the US.
Any person who has had dealings with FCB is requested to contact the Commission.
20 April 2004