Unclaimed Funds

The Federal Deposit Insurance Corporation (FDIC) provides deposit insurance to financial institutions and depositors of these institutions. If a financial institution is closed, by a regulatory agency, the FDIC is appointed as Receiver and is responsible for the payment of insured deposits and the liquidation of the remaining assets. If you did not claim your funds previously you now have another opportunity to do so. Review the "How to claim your funds" section below and complete the attached form.

Why does FDIC have unclaimed funds?

When a failed financial institution (bank or savings and loan) with federal deposit insurance is liquidated, the FDIC resolution division is responsible for paying:

Unclaimed insured deposits up to $100,000
Dividends declared on excess deposits over the $100,000 insured amount
Dividends declared on general creditor claims
Funds distributed to the shareholders of the failed institution
In many instances these funds remain unclaimed because:

The insured deposit is never claimed from the assuming financial institution
The dividend check on the excess deposit amount is not cashed
The dividend check on the general creditor claim is not cashed
The check to the shareholder is not cashed
A valid address is not on file and the dividend check has been returned to the FDIC
What funds are available?

The database for this site contains unclaimed funds for either unclaimed insured deposits (for receiverships established between January 1, 1989 and June 28, 1993), or for dividend checks issued which were undeliverable or never cashed. As receiverships are terminated, under Federal Law 12 U.S.C., 1822(e); see also Pub. L. No. 103-44, section 2(b) unclaimed insured funds can no longer be claimed and data will be removed from the website. Dividends, however, for uninsured portions of a deposit might be claimed post termination if a dividend check was returned for a bad address.

How to search for funds:

Before doing searches on unclaimed funds, please read the FDIC's general disclaimer.

Search options are first name only, last name only, first and last name, business name, or official item check number. To narrow your search you may enter additional information; i.e., Failed Institution Name, OR City, OR State. After you have entered your search criteria, click on submit. The results for name searches will return with all matches to your character string. Then you may review the results to determine if the FDIC holds funds for you. If you find your name and believe FDIC may be holding your funds, please follow the instructions in the "How to claim your funds" section below.