(COLUMBUS, Ohio) – Ohio Treasurer Richard Cordray today told the state Board of Deposit that $2.3 million in banking costs will be saved this year as the result of a detailed review of both the banking contracts for the state’s pension systems and the state’s bank statements. The state will receive more than $880,000 in earnings credits which banks had not properly credited to the state in 2007 and 2008. In addition, $1.425 million in savings will result this year from renegotiated pension system bank custody fees.

Small business aid part of $1 billion Treasury investment in community banks

(COLUMBUS, Ohio) – Ohio Treasurer Richard Cordray announced today that his office has surpassed the $1 billion mark in investments to Ohio banks, including more than $275 million of direct assistance to small businesses around the state.