Treasurer Stacy Garrity Returns Nearly $49,000 in Unclaimed Property to West Chester Borough

West Chester, PA - Pennsylvania Treasurer Stacy Garrity announced today that nearly $49,000 in unclaimed property has been returned to West Chester Borough in Chester County.

"Returning unclaimed property to local government entities, like West Chester Borough, ensures these funds are benefiting hardworking Pennsylvanians in communities across the Commonwealth. Unclaimed property doesn't just belong to municipalities though, so I encourage every Pennsylvania resident and business to visit our website to see if they have money waiting to be claimed."

The $48,718.60 returned to West Chester Borough includes nine individual properties ranging in value from $25 to $45,900. The oldest property dates back to 2016, while the most recent is from 2020.

Properties returned included funds from accounts payable checks, cashier checks, credit balances and uncashed checks. How the funds will be spent will be determined by borough officials.

"With the support of our partners in the PA State Treasurer's office and our elected officials, the Borough is able to close out deferred revenue we would otherwise not be able to track down. This is a great way the team in Harrisburg supports local communities like West Chester."

Since 2021, Treasurer Garrity has returned more than $1 billion in unclaimed property, including over $20 million to 117 counties and municipalities.

Treasury continues working to return more than $5 billion in unclaimed property to its rightful owners, including over $126 million available to Chester County residents. More than one in ten Pennsylvanians is owed unclaimed property, and the average claim is worth over $1,000.

Unclaimed property can include intangible items like dormant bank accounts, uncashed checks and forgotten stocks, and tangible items, such as collectible coins, jewelry and savings bonds, that most often come to Treasury as the contents of safe deposit boxes.

State law requires businesses to report unclaimed property to Treasury after three years of dormancy. Treasury holds tangible items for an additional three years before they are auctioned, with all proceeds kept in perpetuity for the rightful owners to claim. Military decorations and memorabilia are never auctioned.

To learn more about unclaimed property or to search Treasury's database, visit patreasury.gov/unclaimed-property.