Working for
South Carolinians.
Banking
Providing efficient, accurate and timely banking services, we assist state agencies with banking needs, including managing state depository bank accounts, daily cash-management functions and relationships with bank partners, state entities and public depositories.
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Overseeing approximately $38.2 billion in assets under management, we safely and effectively invest funds for the state’s agencies, local governments and political subdivisions with the priorities of preserving capital, maintaining liquidity and obtaining the best relative rates of return.
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Responsible for overseeing debt on behalf of the state, its agencies, institutions and authorities, we work to protect investments, secure the lowest borrowing rates and fees and ensure timely repayment.
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It's your money and we want to give it back to you! From old utility deposits to uncashed payroll checks, life insurance proceeds and unredeemed shares of stock, this is the first place you should look for your missing money.
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Start saving today! We offer programs to help families save for educational expenses like tuition, books and even room and board. And did we mention your contributions are 100% deductible from your SC state income tax?
Learn More about College SavingsABLE Savings Program
Tired of being told you can't save money for your future? It's a new day for qualified individuals with disabilities. Palmetto ABLE® accounts allow you to take control of your financial independence.
Learn More about ABLE Savings ProgramLatest News
Jan 15, 2025
State Treasurer Curtis Loftis issues statement on the Alix Partners report
The third-party forensic audit affirms that there is no mystery bank account with $1.8 Billion in it, no missing money, and all cash and investments are accounted for. The citizens of South Carolina can be confident that their money is safe.
Read more about State Treasurer Curtis Loftis issues statement on the Alix Partners reportJan 8, 2025
South Carolina Joins $20 Million Multistate Data Breach Settlement with Nation’s Largest Nonbank Mortgage Servicing Company
The State of South Carolina and 52 state financial regulatory agencies have taken coordinated action against mortgage company Bayview Asset Management LLC, and three of its affiliates, Lakeview Loan Servicing, Community Loan Servicing, and Pingora Holdings (collectively the Bayview Companies), for deficient cybersecurity practices and failing to comply with their examination authority following a data breach that impacted 5.8 million customers.
Read more about South Carolina Joins $20 Million Multistate Data Breach Settlement with Nation’s Largest Nonbank Mortgage Servicing Company