Harry Gross: This cash is likely to stay unclaimed

Posted: June 14, 2011

Dear Harry: My mother had to downsize from a five-room apartment to a single room in a retirement community. While we going over her papers, we discovered a passbook that she and my father had in State College Federal Savings and Loan. The last entry was for interest for 1982. My father died in 1983, and my mother has no recollection of the account. It had more than $1,000 in it. I have tried very hard to find out what happened to this S&L, but I have gotten nowhere. I have called a number of financial institutions up at State College and some with similar names, but have nothing. There must be some way to find out if the account was closed or if mother still is entitled to the money. Any suggestions?

What Harry says: The real problem here is the early date: 29 years ago. I went through very much the same procedure that you did with the same result. Whatever institution took over that S&L was probably later absorbed by another (and another?). There's one long shot that may turn up the money. It's worth the effort to see if it went to the state as unclaimed property and is still available. The state has a nifty website for this: patreas.org/unclaimed Don't get your hopes up too high.

Write Harry Gross c/o the Daily News, 400 N. Broad St., Philadelphia, PA 19130. Harry urges all his readers to give blood - contact the American Red Cross at 800-Red Cross.

|
|
|
|
|