Ausley gets aggressive in CFO race

Although Lorrane Ausley got into the race for Chief Financial Officer relatively late, now that the general election campaign has now begun she's wasting no time in taking it to her Republican opponent, state Senate President Jeff Atwater, and begin accused of going negative early.

In a web ad produced today, Ausley blasts Atwater for his involvement with Riverside National Bank, which had its 58 offices closed by federal regulators back in April.  The failure is expected to cost the Federal Deposit Insurance Corporation’s Deposit Insurance Fund $492 million.

Atwater was Executive Vice President at Riverside National, but has said that he was never on Riverside’s board, nor one of its operating officers and “had no opportunity to influence the overall policies of the bank."

His official statement at the time was that he was “saddened” by the news about Riverside.