For Immediate Release
March 25, 2011
Combs and Comerica Bank Team Up to Return Unclaimed Property
(HOUSTON) — 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 Hobby Airport Banking Center, at 9100 Airport Blvd., 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 $292 million belongs to Harris County residents, and more than $355 million could be claimed by residents of the 10-county Greater Houston area.
Last month, during a similar event at a Dallas Comerica Bank, searchers found and claimed more than $253,000 — a record for a one-day search event. After today’s Houston search event, the Comptroller’s office and Comerica Bank will host another unclaimed property search opportunity in Austin in the coming weeks.
Anyone can check the Unclaimed Property database anytime at www.ClaimItTexas.org.
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