Friday, March 21, 2014
State Treasurer Curtis Loftis accepted a rebate check of $197,360.57 on behalf of the State of South Carolina from officials at Wells Fargo. This figure represents the revenue share for the 2013 calendar year from a cash management tool being employed by the State Treasurer’s Office.
State Treasurer Loftis stated, “Each day, the hardworking staff of the State Treasurer’s Office finds ways to save taxpayer money. This check of almost $200,000 from Wells Fargo is another example of how our office consistently analyzes our business practices and works directly with banks to improve services and savings for the taxpayers of South Carolina.”
“Wells Fargo and the State Treasurer’s Office have a common goal of serving the people of South Carolina, and I appreciate their help in streamlining the way our state does business. Any day I can improve our state’s efficiency, and put $200,000 into our state’s general fund, is a great day,” he continued.
Treasurer Loftis was joined by Mara Holley, Wells Fargo Government and Institutional Banking Regional Vice President; Brent Weaver, Wells Fargo Government and Institutional Banking Relationship Manager and Vice President; and Kristin Cooper, Wells Fargo Treasury Management Sales Consultant.
The South Carolina Office of State Treasurer oversees banking, investment and financial management services for the State of South Carolina. Curtis M. Loftis, Jr. has served as the State Treasurer of South Carolina since 2010. Prior to his election, Treasurer Loftis had a successful career in business. He is also the founder and benefactor of the Saluda Charitable Foundation, a charity that does mission work around the world. For more information on the State Treasurer’s Office, please visit www.treasurer.sc.gov.