Former Senator Endorses Candidate with FDIC Background in State Treasurer Race

Katrina Shealy, a former Senator of Lexington County, endorsed Vincent Coe for state treasurer. Shealy criticized incumbent Curtis Loftis, citing a report from the inspector general’s office that found $65 million in investment earnings was credited to the wrong state fund while Loftis was in office. Shealy also mentioned testimony regarding a $1.8 billion accounting discrepancy during Loftis's tenure.

The endorsement highlights the importance of financial experience in state fiscal management. Shealy praised Coe for having real financial experience as a trained bank examiner with the Federal Deposit Insurance Corporation, contrasting this with the financial issues raised during Loftis's time in office.