Rachael Anne Eubanks (born September 30, 1981) is an American financial advisor and civil servant serving as the 47th

Michigan State Treasurer The state treasurer of Michigan functions as the chief financial officer for the U.S. state of Michigan. The state treasurer oversees the collection, investment, and disbursement of all state monies, and also administers major tax laws, safeguard ...

since 2019. Appointed by

Gretchen Whitmer Gretchen Esther Whitmer (; born August 23, 1971) is an American lawyer and politician serving as the 49th governor of Michigan since 2019. A member of the Democratic Party (United States), Democratic Party, she served in the Michigan House of R ...

, she is the first woman to hold the position.

Early life and education

Eubanks grew up in

East Lansing East Lansing is a city in the U.S. state of Michigan. Most of the city lies within Ingham County, Michigan, Ingham County, although a small portion extends north into Clinton County, Michigan, Clinton County. At the 2020 United States census, 2020 ...

and graduated from

East Lansing High School East Lansing High School is a public high school in the city of East Lansing, Michigan, United States. It is managed by the East Lansing Public Schools district. The school is located about a mile north of the Michigan State University campu ...

in 1999. Her mother, Sarah, worked at the state treasurery and served as executive director of the Michigan Municipal Bond Authority in 1989. She earned a

Bachelor of Arts A Bachelor of Arts (abbreviated B.A., BA, A.B. or AB; from the Latin ', ', or ') is the holder of a bachelor's degree awarded for an undergraduate program in the liberal arts, or, in some cases, other disciplines. A Bachelor of Arts deg ...

economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...

from the

University of Michigan The University of Michigan (U-M, U of M, or Michigan) is a public university, public research university in Ann Arbor, Michigan, United States. Founded in 1817, it is the oldest institution of higher education in the state. The University of Mi ...

Career

Eubanks worked in

public finance Public finance refers to the monetary resources available to governments and also to the study of finance within government and role of the government in the economy. Within academic settings, public finance is a widely studied subject in man ...

and

investment banking Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by und ...

, including as a

financial advisor A financial adviser or financial advisor is a professional who provides financial services to clients based on their financial situation. In many countries, financial advisors must complete specific training and be registered with a regulatory ...

at Robert W. Baird & Co. where she advised previous

Robert Kleine Robert J. Kleine was the 43rd State Treasurer of Michigan, serving from 2006 to 2010. He was appointed to his position effective April 9, 2006, by Governor Jennifer M. Granholm. Born in Washington, D.C., on November 8, 1941, Kleine earned a ...

Andy Dillon Andrew Dillon is a Democratic Party (United States), Democratic Party politician from the U.S. state of Michigan. While Dillon is a Democrat, he was appointed by Governor Rick Snyder, a Republican, to be the state's treasurer. Before serving in th ...

, Kevin Clinton, and

Nick Khouri Nick A. Khouri (born 1957) is an American economic advisor who served as the 46th Treasurer of Michigan from 2015 to 2018, during the administration of Governor Rick Snyder. Early life and education Khouri was born around 1957 in Burton, Mic ...

. Before being state treasurer, Eubanks was appointed by Governor

Rick Snyder Richard Dale Snyder (born August 19, 1958) is an American business executive, venture capitalist, attorney, accountant, and politician who served as the 48th governor of Michigan from 2011 to 2019. Snyder, who was born in Battle Creek, Michigan, ...

to serve on the

Michigan Public Service Commission The Michigan Public Service Commission (MPSC) is a regulatory agency which regulates public utilities in the state of Michigan, including electric power, telecommunications, and natural gas services. The MPSC's headquarters are located in Lansing, ...

as a utility regulatory commissioner in 2016, and was reappointed in 2017. She stepped down from this position when she was appointed as state treasurer by Governor

in 2019. Eubanks currently serves on the National Association of State Treasurers. In 2019, Whitmer designated Eubanks her first emergency interim successor— making her acting governor if all other duly elected officials in the

line of succession An order, line or right of succession is the line of individuals necessitated to hold a high office when it becomes vacated, such as head of state or an honour such as a title of nobility.Garlin Gilchrist,

Jocelyn Benson Jocelyn Benson (born October 22, 1977) is an American politician and attorney who has served as the 43rd secretary of state of Michigan since 2019. A member of the Democratic Party, she is the former dean of Wayne State University Law School fr ...

Dana Nessel Dana Michelle Nessel (born April 19, 1969) is an American politician and lawyer, serving as the Michigan Attorney General#List of Attorneys General of Michigan, 54th Michigan Attorney General, attorney general of Michigan since January 2019. She ...

Jeremy Moss Jeremy Allen Moss (born June 23, 1986) is an American politician from Southfield, Michigan currently representing the 7th State Senate District, which includes all of Auburn Hills, Bloomfield Hills, Bloomfield Township, Lake Angelus, Lathrup ...

, and Joe Tate attended the

2024 Democratic National Convention The 2024 Democratic National Convention was a United States presidential nominating convention, presidential nominating convention in which delegates of the Democratic Party (United States), United States Democratic Party voted on their party ...

Chicago Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...

Personal life

Eubanks lives in

and is married to Silas Johnson, a former classmate from high school. They have a daughter.

References

1981 births 20th-century African-American people 20th-century African-American women 21st-century African-American politicians 21st-century Michigan politicians 21st-century American women politicians 21st-century African-American women politicians Living people State treasurers of Michigan University of Michigan alumni People from East Lansing, Michigan Women state constitutional officers of Michigan East Lansing High School alumni {{Michigan-politician-stub