$240,000 in Unclaimed Property Returned

By Jean A. Flanagan –

Twenty years ago, Mary Alice Barb worked for Wampler-Longacre and bought stock in the company. As time passed, she forgot about the stock and it was turned over to the West Virginia Office of the State Treasurer. “I didn’t realize it was out there,” she said.

Years ago, Marvin Crites owned a business that used Western Union money orders. One of those money orders got lost and ended up in the State Treasurer’s office.

When John Adamson’s parents passed away, he didn’t pay much attention to the stock left in their estate.

“I was busy and dragged my feet on the paperwork, “ he said. “I just let the state take it.”

John D. Perdue, West Virginia’s Treasurer, traveled to Eastern West Virginia Community and Technical College last week to return funds totaling more than $240,000 to seven recipients through the state’s Unclaimed Property Program.

EWVCTC President Charles “Chuck” Terrell welcomed Perdue and his staff. “I am delighted to have Treasurer Perdue here,” he said.

“We used to go to fairs and festivals and try to get people to look at the list of unclaimed property to see if they were on there,” Perdue said. “They thought we were tax people trying to take their money.”

Perdue said his office changed strategy a bit and enlisted field representatives to talk to people about the unclaimed property. “These are people who live in the community, so the people know them and trust them,” he said.

Perdue’s office has returned more than $120 million to its rightful owners in the 17 years he has held the office of State Treasurer…

$240,000 in Unclaimed Property Returned
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