Houston man has hit a dead end trying to find money his mother invested in a certificate of deposit nearly 30 years ago. He asked KPRC2Amy for help. investigates kprc2 click2houston hounews
We’re talking about a C-D worth more than $5,500 It had an account number at a federally insured bank. But 28 years later, it’s as if the C-D never existed. Blanche Jones was a school teacher for some 30 years at Worthing High School. Always looking out for her kids at school and her two children at home.Houston man says his mom's money is missing from a now-closed bank. We are looking into what happens to your money when a bank fails.
She bought the C-D from Guaranty Federal Bank. But that bank failed in 2009. BBVA Compass took over all of the Guaranty’s assets, which would also mean Jones’ C-D.Houston man says his mom's money is missing from a now-closed bank. We are looking into what happens to your money when a bank fails. But in 2021, PNC Bank acquired all of BBVA Compass’ customers. So that is where Jones went to get his mom’s money.
“I went up there, I presented the certificate of deposit to there,” said Jones. “They said, ‘Hey, we have no record of it. We couldn’t find it.’”Texas Comptroller’s Office of Unclaimed Property“I have never seen a case where the account just disappears. I have seen many cases of people forgetting that they withdrew the funds,” said Bryant Clayton, Texas Unclaimed Property Assistance Director.
After a thorough search, Bryant Clayton said he found no records of Jones’ C-D being transferred to the state.that insures the money you put into your bank, an FDIC spokesman told us it found records that show when Guaranty Bank failed in 2009 Blanche Jones had six accounts on record that were transferred to BBVA Compass. None of them were the C-D. It leads them to believe when the C-D matured in November of 1995, Blanche took the money out or moved it into one of the other accounts.
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