State Treasurer Riley Moore visited Weirton on Friday, July 28, to present an unclaimed property check worth more than $54,000 to benefit Weirton Medical Center.
“I’m proud to reunite Weirton Medical Center with over $54,000 of their lost funds,” Treasurer Moore said. “It’s critical that our state’s healthcare systems continue providing outstanding service to families, and I'm delighted to see these funds will be put to great use in the Weirton community."
Treasurer Moore presented an unclaimed property check worth $54,222.86 to Weirton Medical Center President and CEO John Frankovitch, Chief Legal Officer Carl A. Frankovitch and Board of Trustees member Joseph Paolo on Friday morning at the medical center’s main hospital.
“We are very appreciative of the State Treasurer’s Office for returning these unclaimed funds back to our hospital,” President and CEO John Frankovitch said. “Their Unclaimed Property program is a terrific way for West Virginia businesses to be reunited with lost money, and we plan to put these funds towards pursing our mission to provide exceptional healthcare for the region.”
Treasurer Moore recently announced that his Office’s Unclaimed Property Division has set a new state record by returning $26.8 million worth of unclaimed property to individuals, businesses and organizations during the Fiscal Year 2023 period that ended June 30. This far exceeds the record $18.6 million returned by the Office during the last fiscal year.
“This is the second year in a row my Office has broken a state record for returning unclaimed property back to West Virginians,” Treasurer Moore said. “I encourage everyone, including West Virginia business owners, to check our online database at www.WVUnclaimedProperty.gov to see if you have any money to claim.”
The State Treasurer’s Office now has more than $400 million in unclaimed property listings in its database. Visit www.WVUnclaimedProperty.gov to find out if the Office is holding any unclaimed funds for you or your family.
What is Unclaimed Property?
Unclaimed property can include financial accounts or items of value in which the owner has not initiated any activity for one year or longer. Common examples include unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. (While the title includes the word “property,” it does not however include real estate.)
West Virginia’s unclaimed property laws protect the public by ensuring money and property owed to them is returned, rather than remaining permanently with financial institutions, business associations, governments and other entities. The Treasurer seeks to reunite the unclaimed property, including uncashed paychecks, stocks, or safe deposit box contents, with its owner.
Nationwide, nearly 33 million people in the United States – one in every 10 – are estimated to have unclaimed property available for them to claim.
How Can I Find Unclaimed Property in My Name?
West Virginians searching for lost financial assets can go to www.WVUnclaimedProperty.gov. In addition to finding property, the website will also help you track a claim.
A demonstration of how to use the Unclaimed Property search site is available on the Treasury’s YouTube page, at: https://youtu.be/K09yQ7YNKlE.
To search for lost financial assets outside West Virginia, visit www.MissingMoney.com.