Treasurer Stacy Garrity, Rep. Jake Banta Announce Return of More Than $322,000 in Unclaimed Property
Rep. Banta hosted three events to help residents and businesses find money owed to them
Girard, PA - Pennsylvania Treasurer Stacy Garrity and state Rep. Jake Banta (R-4) announced today that more than $322,000 in unclaimed property is being returned to residents and businesses in Erie County following recent events hosted by Rep. Banta.
“Working with Rep. Banta to return unclaimed money to our constituents was a huge success. People continue to get hit hard by inflation – we see it in grocery stores and at the gas pump – so getting this money back to the people it belongs to is one of my top priorities. I’m glad to safeguard unclaimed property, but it doesn’t belong to the state. I encourage everyone to check our website to see if any money is available for them to claim.”
Pennsylvania State Treasurer Stacy Garrity
“When I got elected to serve as a Representative, I didn’t really know all the things our office could do for constituents. Finding unclaimed property happens to be a favorite of mine. Treasurer Garrity has been adamant about finding the people of Pennsylvania who have unclaimed assets. After all, it’s theirs! We’ve had a few of these events in my district and we really enjoy when someone comes in to look, or even better, finds their unclaimed property! Thank you, Treasurer Garrity, for leading from the front and alerting the people. Now let’s find more!”
Rep. Jake Banta (R-4)
Residents and business owners stopped by Rep. Banta’s district office in Girard on March 28, May 10, and May 28, where they were helped in their search for unclaimed property by his staff and a member of Treasury’s outreach team.
Altogether, more than $322,000 worth of unclaimed property was identified at Rep. Banta’s three unclaimed property events – including more than $245,000 at the May 28 event alone. That money is now in the process of being returned to the rightful owners.
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 is working to return more than $4.5 billion in unclaimed property to its rightful owners. More than one in ten Pennsylvanians is owed unclaimed property, and the average claim is worth about $1,600.
During the last fiscal year, ending June 30, 2023, the department returned the most unclaimed property ever in a single year – almost $274 million.
To learn more about unclaimed property or to search Treasury’s database, visit patreasury.gov/unclaimed-property.
