Elyria: Unclaimed funds worth millions returned

4:33 PM, Jan 28, 2013   |    comments
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ELYRIA --The City of Elyria ended up with a multi-million dollar windfall today.

The Ohio Department of Commerce presented the city with a check of more than $3.4 million. It's the largest unclaimed fund payment in Ohio history.

Elyria Mayor Holly Brinda accepted the check on behalf of the city.  She says it took less that two weeks for the state to get the money to the city after the Division of Unclaimed Funds notified her.

"We're always pleased to reunite people with their money, but we're extremely pleased to return this large amount to the people of Elyria," Commerce Department Director David Goodman said. "Virtually every person or organization can have unclaimed funds from time to time and I encourage all public agencies, school districts, individuals and businesses to regularly search for and claim their unclaimed money."

Elyria's unclaimed money came from shares the city received from a company that held its employee life insurance policy.

"On behalf of the City of Elyria and the citizens we serve, I would like to express our most sincere appreciation to the Ohio Department of Commerce for reaching out to us and reuniting us with this very significant claim," Mayor Brinda said. "It does provide us with the unexpected and welcomed opportunity to repay some debt and fund some critical one-time needed expenditures that we would not otherwise be able to address."

Ohioans, public agencies and businesses can search for unclaimed funds on the Division's Online Treasure Hunt at www.unclaimedfundstreasurehunt.ohio.gov  or they can call the Division toll free at (877) 644-6823.








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