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News Release from Comptroller Susan Combs

For Immediate Release
February 25, 2011

Combs and Comerica Bank Team Up to Return Unclaimed Property

(DALLAS) — Texas Comptroller Susan Combs and Comerica Bank are collaborating to reunite Texans with more than $2.2 billion in forgotten money.

Today, at Comerica’s NorthPark Banking Center in Dallas, members of the Comptroller’s Unclaimed Property staff will be on hand to help people search the state’s Unclaimed Property database and start the claims process for those who discover that they have money waiting to be claimed. The Comptroller estimates one of every four Texans has unclaimed money.

“Working with Comerica Bank to reunite Texans with their money is a natural partnership,” Combs said. “Sixteen percent of the unclaimed money that has been turned over to the state comes from dormant accounts in various banks whose owners couldn’t be found. In addition, financial institutions send us the contents of an average of 4,100 abandoned safe deposit boxes each year.”

In addition to forgotten bank accounts and safe deposit boxes, unclaimed property includes utility deposits or other refunds, insurance proceeds, uncashed checks and other items. More than $218 million belongs to Dallas County residents.

Anyone can check the Unclaimed Property database anytime at www.ClaimItTexas.org.

After the event in Dallas, the Comptroller’s office and Comerica bank will host similar unclaimed property search opportunities in Houston and Austin in the coming weeks.

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