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January 7, 2009

For Immediate Release: Wednesday, January 7, 2009

Contact: Scott Malyerck (803) 734-2665 – (803) 446-2881

South Carolinians are returned a record amount of money

(Columbia, SC)…State Treasurer Converse Chellis today released the Unclaimed and Abandoned Property
figures for calendar year 2008. The program is better known as the “Palmetto Payback” Program.

The amount of money returned totaled $12,420,812. That amount is an increase of close to $4 million over the amount
returned in 2007. That is a 47% increase over last year.

The number of citizens to whom the Treasurer’s Office returned money totaled 22,759. That number is an increase
of over 9,000 people. That is a 67% increase over last year.

“Our aggressive search to return money to its rightful owners is paying off in a good way for the people of
South Carolina. This money doesn’t belong to the State, it belongs to the people and to the businesses of our
State and we will continue to work hard to insure this money gets back to the rightful owners,” said State Treasurer
Converse Chellis.

The State Treasurer’s Office returned significantly more money to the rightful owners in 2008 than in any previous year.

Some additional figures for 2008 include:

Largest claim paid: $76,773 to an individual in Moncks Corner

The oldest person to receive money was: Ms. Hattie Miller of Spartanburg at 100 years old.

The furthest distance a claim check was issued: Japan

Top Ten Counties:

Richland: $ 1,339,000 returned
Greenville: $ 978,692 returned
Charleston: $ 838,611 returned
Lexington: $ 763,853 returned
Spartanburg $ 549,661 returned
Aiken $ 320,750 returned
Beaufort $ 312,849 returned
Pickens $ 284,013 returned
Horry $ 254,115 returned
York $ 250,911 returned

Claims paid between: $1-$499 $500-$2499 $2,500-$4,999 $5,000-$9,999 $10,000-$24,999 $25,000+

# Paid: 16,795 4,703 687 449 92 33

The State Treasurer’s Office is currently looking for individuals and businesses who have unclaimed property totaling
approximately $300 million. Unclaimed property is generally any financial asset, usually money, that has not had any
owner-generated activity for a period of time, usually five years. Examples of unclaimed property include uncashed
payroll checks; dormant savings and checking accounts; abandoned stocks and bonds; unclaimed insurance proceeds;
forgotten utility deposits; and more.

The largest amount currently unclaimed is $328,823.

“In these tough economic times, every penny we can return to families and businesses will make a difference. Anyone may
check to see if they have unclaimed property by searching the State Treasurer’s website at
There is no cost to check for unclaimed property and no cost to claim property. In fact, no tax dollars are used to run the
program,” said Chellis.

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