Warren, PA - Pennsylvania Treasurer Stacy Garrity and Warren Mayor David Wortman announced today that more than $5,000 in unclaimed property has been returned to the City of Warren in Warren County.
“I’m thrilled to return this money to the City of Warren. Many people think unclaimed property only belongs to individuals, but it can also belong to businesses and even government agencies. I’m glad to safeguard the more than $4.5 billion in unclaimed property here at Treasury, but it’s not our money – and getting it back into the right hands is one of my top priorities. I encourage everyone check our website to to see if they, their family, their business, or organization has money waiting to be claimed.”
Pennsylvania State Treasurer, Stacy Garrity
“We want to give special thanks to Treasurer Garrity and her unclaimed property team for all of their efforts. Treasury staff contacted the City regarding the unclaimed property and helped our staff every step of the way, making the entire process seamless.”
Warren Mayor, David Wortman
The $5,656.99 returned to Warren includes 12 individual properties ranging in value from $.07 to $5,347.08. The oldest property dates back to 2011, while the most recent is from 2020. Properties returned include funds from accounts payable checks, credit balances and a utility refund/deposit. The returned funds have been deposited in the City’s General Fund to be used for continuing operations.
Treasurer Garrity has returned nearly $15.8 million to 61 local governments, including counties and municipalities, since taking office. In the last fiscal year, ending June 30, 2023, Treasury returned the most unclaimed property ever in a single year – almost $274 million.
Treasury is working to return more than $4.5 billion in unclaimed property to its rightful owners. About one in ten Pennsylvanians is owed unclaimed property, and the average claim is worth about $1,600.
Unclaimed property can include dormant bank accounts, uncashed checks, insurance policies, contents of forgotten safe deposit boxes and more. State law requires businesses to report unclaimed property to Treasury after three years of dormancy.
Treasury keeps tangible unclaimed property for about three years before it is auctioned. Auction proceeds are kept in perpetuity for owners to claim. Military decorations and memorabilia are never auctioned.
To learn more about unclaimed property or to search Treasury’s database, visit patreasury.gov/unclaimed-property.