Alabama State Treasurer Young Boozer announced Wednesday he is running for the office for the fourth time.

“I would be proud to once again serve the five million citizens of Alabama with my unique skills and vast experience, to continue to improve all divisions of the office and to serve as a financial resource to other areas of state government,” Boozer said in a press release.

Boozer, a Republican who spent a career in banking, was elected to back-to-back terms as treasurer in 2010 and 2014.

In 2018, Boozer could not run again because of term limits.

But he returned to the office in 2021 when Gov. Kay Ivey appointed him to replace John McMillan, who resigned to become executive director of the Alabama Medical Cannabis Commission.

Boozer finished McMillan’s term and was elected to another four-year term in 2022, winning the general election in a landslide over a Libertarian Party opponent.

He will run in the Republican primary, set for May 19, 2026.

In the press release announcing his campaign, Boozer noted what he considered accomplishments as treasurer, including a long-term settlement for the state’s financially struggling Prepaid Affordable College Tuition Plan, PACT.

Boozer established a college scholarship program that has awarded approximately $12.8 million over the past 12 years to more than 3,600 Alabama high school students.

In 2023, the Alabama Legislature passed a bill to put Boozer in charge of a new loan program to keep Birmingham-Southern College from closing because of crushing debt caused by extensive financial mismanagement and other problems.

Boozer determined that BSC could not fulfill the requirements in the law for collateral and a restructured financial plan and denied the loan.

A judge dismissed a lawsuit filed by BSC against Boozer, ruling that the Legislature had given the state treasurer the authority to deny the loan.

The Legislature declined to amend the law last year, and BSC closed.

Boozer was born in Birmingham, raised in Tuscaloosa, and earned a bachelor’s degree in economics from Stanford University and a master’s degree in finance from the Wharton School at the University of Pennsylvania.

During his career in banking and finance, Boozer worked for Citibank in New York, Crocker National Bank in Los Angeles, Coral Petroleum in Houston and Colonial Bank in Montgomery.

Boozer has held leadership roles with the Church of the Ascension in Montgomery, the Montgomery Rotary Club, the Alabama Shakespeare Festival, the Boy Scouts of America, the National Association of State Treasurers and Stanford University’s board of trustees.