Ask Experts Questions for FREE Help !
Ask
    kimberly600's Avatar
    kimberly600 Posts: 17, Reputation: 1
    New Member
    		  
    #1

    Jul 6, 2009, 03:55 AM
    Found CD in Safe deposit box - bank is gone
    I found a 1k CD in my son's and my name (as custodian) that dates back to his birth in 1988. It is the original certificate so appears to have never been cashed in.
    How do I find out and redeem it (hopefully? The bank is no longer in existence in CT - it was Gateway Bank who was bought up or merged. Any ideas?

    Thank you
    walt17's Avatar
    walt17 Posts: 335, Reputation: 28
    Full Member
    		  
    #2

    Jul 6, 2009, 05:04 PM
    You might check with the department of bank for Connecticut. Though after that long a time I suspect the odds of recovering the money is slim.

    Department of Banking
    260 Constitution Plaza
    Hartford CT 06103-1800
    860-240-8299
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #3

    Jul 7, 2009, 04:43 AM

    You might also try checking for "unclaimed money" for CT. I'd be careful searching that online cause it sounds like a good subject for a scam. Maybe try the state treasurer's office.
    KISS's Avatar
    KISS Posts: 12,510, Reputation: 839
    Uber Member
    		  
    #4

    Jul 7, 2009, 09:58 AM

    Many times unclaimed assets are advertised in the paper and if unclaimed revert to the state, not the bank.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #5

    Jul 7, 2009, 10:16 AM

    This site might help you :

    DOB: Failed Banking Institutions in Connecticut

    Also, here is the site for searching the State of CT's "lost asset" list. By law, any financial institution that can't locate the owner of assets under their control must turn those assets over to the state. The states in turn all run web sites that allow you to search for those assets and reclaim them. For CT, see:
    Office of Connecticut State Treasurer Denise L. Nappier
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How can I keep my money safe in a bank? [ 1 Answers ]

I have a couple collectors out there possibly looking for my money. So for that reason I keep it out of any bank for now. I want my money in a bank so what are my options for keeping other peoples hands off it? Please nobody respond with "just pay your bills" because if I could I would.

Banking Safe Deposit box/Written Contract --Unsure what to do [ 2 Answers ]

Hey everyone, here is a slightly bizarre case. So Back in February 2008 I was let go from a bank due to something absolutely stupid. Anyway, in March when I went in to close out my checking account and my safe deposit box keys the Customer Service Manager wrote on one of her cards "free safe...

Bank Fixed Deposit with Nomination. [ 1 Answers ]

My father made deposits in a private bank and made me as lone nominee to receive the amount. My father expired now. But bank fails to clear the amount even after maturity and require me to produce some doucments regarding legal heirs. Will it be correct.

Inheritance laws on safe deposit boxes [ 2 Answers ]

I am a resident of and rent a safe deposit box in the State of Arizona. Upon my death will my safe deposit box be seized and will there be state and/or federal taxes levied on the contents of this safe deposit box? My son is a signer for the box and is also Executor on my Will. Thank you.

Why the debt collector wants copy of bank accounts is it safe to give them pay stubs [ 3 Answers ]

I have a joint account with my dad and our bank account savings and checking is frozen my dad is the debtor the only income my dad has is his pension check and ss check. The collector has put a lien on the account and is requesting his pay stub from ss and copy of his pension check, is it safe to...

View more questions Search