CFO Jimmy Patronis Returns More than $32 Million in Unclaimed Property in May
For Immediate Release: Monday, June 3, 2024 Contact: Office of Communications, Communications@MyFloridaCFO.com, 850.413.2842 |
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CFO Jimmy Patronis Returns More than $32 Million in Unclaimed Property in May
TALLAHASSEE, Fla. - Today, Chief Financial Officer (CFO) Jimmy Patronis announced that more than $32 million in unclaimed property was returned to Floridians during the month of May. Since CFO Patronis took office in 2017, more than $2.4 billion in unclaimed property has been returned to Florida citizens.
CFO Jimmy Patronis said, “I’m happy to announce the return of more than $32 million in unclaimed property to Floridians in May. As inflation continues to squeeze the wallets of Floridians and the price of gas and groceries continues to rise, every dollar counts. That’s why I’m encouraging every Floridian to search now for yourself, your friends, your loved ones, and even your business at FLTreasureHunt.gov. An estimated one in five Floridians has unclaimed property waiting to be claimed, with the average claim being about $825. That’s extra cash for folks that may be on a fixed income or families who need just a little more money to pay the light bill. Don’t wait, start your treasure hunt today!”
May 2024 Unclaimed Property Returns by Region:
- Pensacola – $783,676
- Panama City – $456,345
- Tallahassee – $1.2 Million
- Jacksonville – $1.8 Million
- Gainesville – $339,797
- Orlando – $5.3 Million
- Tampa/St. Pete – $6.2 Million
- Fort Myers/Naples – $1.9 Million
- West Palm Beach – $4.1 Million
- Miami – $10 Million
Unclaimed property is a financial asset that is unknown or lost or has been left inactive, unclaimed, or abandoned by its owner. The most common types of unclaimed property are dormant bank accounts, unclaimed insurance proceeds, stocks, dividends, uncashed checks, deposits, credit balances, and refunds. Unclaimed property also includes contents from abandoned safe deposit boxes in financial institutions. Unclaimed property assets are held by business or government entities (holders) for a set period of time, usually five years. If the holder is unable to locate, re-establish contact with the owner, and return the asset, it is reported and remitted to the Florida Department of Financial Services, Division of Unclaimed Property.
To search for unclaimed property or to claim an account, go online to FLTreasureHunt.gov.
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About CFO Jimmy Patronis
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official and a member of Florida’s Cabinet who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and X (@FLDFS).