Lost and Found, State Treasurer Clint Zweifel returns more than $211,000 to St. Louis area business and individual
60 accounts with more than $100,000 remain to be claimed in Unclaimed Property
For Immediate Release
Thursday, August 02, 2012
ST. LOUIS – Think you might have Unclaimed Property? State Treasurer Clint Zweifel (ZWY-ful) announced today he has returned $211,000 in Unclaimed Property to a St. Louis area business and to a St. Louis area woman. The $110,000 claim returned to the St. Louis area business consists of 42 separate accounts made up of accounts payable and vendor checks held as Unclaimed Property. The $101,000 claim returned to a St. Louis area woman consists of a savings account and a dividend check. The names are not being released to protect the owners’ privacy.
“I hold 4.3 million accounts totaling nearly $700 million in Unclaimed Property – including 60 accounts worth more than $100,000 each,” Treasurer Zweifel said. “In fiscal year 2012, I broke records with $38.2 million returned to 130,000 account owners and returned what is thought to be the largest individual return in the nation’s history, $6.1 million to a woman in Kansas City. My team works every day to get this property back where it belongs and with as little red tape possible because all of it matters and all of it belongs to Missourians.”
Since January 2009, Treasurer Zweifel has returned $124 million to more than 390,000 account owners.
Sixty accounts worth more than $100,000 each remain to be returned. The geographic breakdown is: 24 in St. Louis County; 18 in Jackson County; six in St. Louis City; three in Camden County; two in Boone County; and one each in Buchanan, Butler, Clay, Cole, Franklin, Jasper and Johnson counties.
Missourians may check for Unclaimed Property 24 hours-a-day at www.ShowMeMoney.com. While there, they may also sign up for email notifications and track a submitted claim.
About Treasurer Zweifel’s Unclaimed Property
State law requires financial institutions, insurance companies, public agencies and other business entities to turn over assets to Treasurer Zweifel that belong to a customer, client, employee or other owner if there have been no documented transactions or contact with the owner for five or more years. Most Unclaimed Property consists of cash from bank accounts, stocks, bonds and contents of safe deposit boxes that have been abandoned. It also can include uncollected insurance policy proceeds, government refunds, utility deposits and wages from past jobs. Treasurer Zweifel does not handle real property such as land, houses, cars and boats. There is $700 million in Unclaimed Property maintained by Treasurer Zweifel. Treasurer Zweifel never charges for the return of Unclaimed Property.