Budget Office

The State Board of Financial Institutions in South Carolina is dedicated to preserving a sound financial community while protecting the interests of the borrowing public. By ensuring compliance with state banking and consumer finance laws and regulations, the Board promotes a strong and fair financial services marketplace. Generated from the website

The South Carolina Office of the State Treasurer, led by Curtis Loftis, oversees the management and custody of over $70 billion in public funds. This office plays a crucial role in safeguarding unclaimed property and administering tax-advantaged savings programs, including options for college and individuals with disabilities. Committed to financial empowerment, the office provides a range of services, from managing state banking relationships to ensuring effective investments and debt oversight. Its initiatives aim to support South Carolinians in reclaiming lost funds and saving for educational and future needs. Generated from the website

The Treasurer Office in Columbia, SC is responsible for managing, investing, and retaining custody of over $67 billion in public funds, while also ensuring that South Carolina maintains its highly coveted credit ratings. The office is headed by Curtis Loftis, who has served as the State Treasurer since 2010 and is currently in his fourth term. Under Loftis' leadership, the office has returned over $335 million in unclaimed funds to South Carolinians and has significantly grown the Future Scholar 529 College Savings Plan and the Palmetto ABLE Savings Program. As a fierce advocate for accountability, transparency, and fiscal management in state government, Loftis has championed causes such as financial education in K-12 schools and resisting mandates from unelected bodies. In addition to his role as State Treasurer, Loftis holds various leadership positions, including Chairman of the State Board of Financial Institutions and Vice Chairman of the State Fiscal Accountability Authority. His work has been recognized with awards and accolades, and his leadership has been featured in prominent publications.Generated from the website