PNC Loses Check for $100,000 for 10 Months (ICYMI)

This post was originally published on March 9, 2015.

By Sharon Reed

PNC bank’s Fairfax City branch reportedly lost a $100,000 check that was deposited in April 2014 and recovered it 10 months later — with a little help from The Washington Post.

Vienna resident Michael Regan deposited the money from an inheritance that he planned to use to care for his mother, who has Alzheimer’s disease

According to the report, although Regan had a copy of the cashier’s check and a bank receipt, no money was deposited into the account.

Regan and his sister, Cheryl Regan, called and wrote to PNC officials, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency, but reportedly did not receive any assistance.

The bank told Cheryl Regan to ask the estate to issue a new check, but the estate’s accounts were closed and empty.

The Washington Post called PNC’s corporate headquarters twice regarding the deposit. Within 4 hours of the second call, the Regans were informed by the bank that the money would be deposited into the account.

Read more of the Washington Post report.