PENNSYLVANIA State owes cash, assets to residents



The money comes from unclaimed property.
MERCER, Pa. -- If you know Edwin C. Moon who used to live on East Butler Street or Richard L. Snyder who used to live on South Otter Street, tell them to visit the Victorian Weekend celebration in the borough Saturday or Sunday.
The state is holding some of their money and wants to give it back.
State Treasurer Barbara Hafer said representatives of her Unclaimed Property Bureau will be at the event looking to return cash and other assets to local residents.
The state estimates that one in seven Pennsylvanians is entitled to some of the $952 million on the unclaimed property books. The average claim is about $1,000.
The cash and property comes from businesses being required to turn over to the state assets that have been abandoned for five years.
That could include dormant bank accounts, stocks or dividends, uncashed payroll or accounts payable checks, unredeemed gift certificates or even the contents of safe deposit boxes.
Hafer said the state is holding $1,546 of Moon's money and $1,500 for Snyder.
Treasury representatives, equipped with laptop computers to determine on the spot if visitors have unclaimed property held by the state, will be at the festival between 10 a.m. and 5 p.m. both days.
Anyone can stop and have their name checked. A notary will also be on hand to speed up the claims process.