Treasurer Torsella Looks to Reunite Lonely Hearts with Their Property

Treasury searches for Pennsylvania’s “Valentines”

Harrisburg, PA – Pennsylvania Treasurer Joe Torsella today announced the Bureau of Unclaimed Property is full of lonely hearts. Heart pendants, diamond rings, and dozens of necklaces are a sampling of the unclaimed items waiting in the Treasury Vault for Mr. or Ms. Rightful Heir.

"On Valentine’s Day we celebrate our commitments to each other, so we’re continuing our commitment to reuniting Pennsylvanians with their cherished items. Last year we returned a historic $254 million in unclaimed property, but the Treasury Vault is still full of lonely hearts.”

Pennsylvania Treasurer, Joe Torsella

Treasury is also looking for “Valentines.” More than 2,800 Pennsylvanians with the first, middle, or last name “Valentine” have a combined total of $379,000 worth of property available to claim. Today is a chance to celebrate “Love” and “Cupid” too – both last names call up hundreds of results through our online query.

"Jewels, gems, precious stones – these all have untold sentimental value. There is a story behind each item that makes its way to our Vault, and the Treasury wants to be part of the next chapter.”

Pennsylvania Treasurer, Joe Torsella

Unclaimed property is any financial asset that has gone unclaimed for a period of time, usually three years. Under Pennsylvania law, businesses are required to report this to Treasury. Each year, Treasury receives millions of dollars in unclaimed property – items such as abandoned bank accounts, forgotten stocks, uncashed checks and contents of safety deposit boxes. The property remains available for claim by the owners or their heirs in perpetuity and Treasury serves as the custodian until it can find and verify its rightful legal owner.

Treasurer Torsella recently announced that Treasury returned more than $254 million in unclaimed property to Pennsylvanians in 2017, a historic 34 percent increase from 2016.

Potential claimants may search Treasury’s website for unclaimed property, or Treasury’s Bureau of Unclaimed Property is also available toll-free at 1-800-222-2046, to help conduct a thorough search for unclaimed property.

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