State Treasurer Clint Zweifel returns $382,000 in Unclaimed Property to two St. Louis-area women

-

Forty accounts over $100,000 remain to be claimed

ST. LOUIS, MO – August 29, 2011 – (RealEstateRama) — State Treasurer Clint Zweifel (ZWY-ful) announced today he has returned $265,000 and $117,000 in Unclaimed Property to two women in the St. Louis area, respectively. Since January, Treasurer Zweifel has returned more than $2.7 million in Unclaimed Property to individuals and businesses with claims worth more than $100,000. As always there was no charge for the returns, and the identities of the recipients are being withheld for privacy reasons.

“Every account is important, and large or small, we are working hard each day to return this money as fast as possible,” Treasurer Zweifel said. “There are more than 3.5 million accounts in Unclaimed Property waiting for owners to claim them, and I get new property each week. Today’s returns obviously make a significant impact for two women in the St. Louis region, and my goal is to continue to reach the Missouri families that have money waiting for them.”

The $265,000 return was made up of 218 individual securities accounts. The $117,000 return was made up of 38 individual accounts including insurance, securities and uncashed checks.

Forty accounts worth more than $100,000 each remain to be returned. The geographic breakdown is: 16 in St. Louis County; 12 in Jackson County; three in St. Louis City; two in Boone County; and one each in Buchanan, Butler, Camden, Cole, Franklin, Jasper and St. Charles counties.

Since January 2009, Treasurer Zweifel has returned $89 million to more than 270,000 account holders.

Missourians may check for Unclaimed Property 24 hours-a-day at www.ShowMeMoney.com. About 55 percent of claims are eligible for paperless processing, and wait times have been cut in half. Individuals may also sign up for email notifications and can track a submitted claim from the website.

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 $600 million in Unclaimed Property maintained by Treasurer Zweifel. Treasurer Zweifel never charges for the return of Unclaimed Property.

SHARE
Avatar

Clint Zweifel was sworn in as Missouri's 45th State Treasurer on Jan. 12, 2009. At 35, Clint became Missouri's youngest State Treasurer in more than a century. He was elected to the position Nov. 4, 2008.

As Missouri State Treasurer, Clint is the State's Chief Financial Officer. His office manages Missouri's $20 billion in annual State revenues, directs the State's banking services and manages Missouri's $3.5 billion investment portfolio. The State Treasurer's Office is responsible for safeguarding $450 million in unclaimed assets turned over to the State by banks, businesses, insurance companies and government agencies, and tries to find the rightful owners. Clint also serves on the management boards of several public entities.

Contact:

State Treasurer Clint Zweifel
P.O. Box 210
Jefferson City, MO 65102

Phone: (573) 751-8533
Fax: (573) 751-0343

Jon Galloway
(573) 751-7595 - Office
(573) 418-2923 - Cell

Previous articleStatement from State Treasurer Clint Zweifel following unanimous approval of his plan to tackle homelessness
Next articleKansas Attorney, British Real Estate Speculator Plead Guilty to $52 Million Ponzi Scheme