Missouri Gov. Jay Nixon has against challenger Dave Spence, citing the businessman's role in a financially troubled bank.
The TV ad that began airing statewide Thursday from the Democratic governor notes that his Republican challenger was on the board of directors of Reliance Bancshares when it decided in early 2011 to forgo repaying a $40 million bailout from the federal government.
Spence resigned from the bank board shortly after that vote and has said regulators actually suggested the bank not repay the money because of its continued financial struggles.
Nixon's ad comes just two days after Spence began airing . His ad claims the stimulus failed and Missouri's economy is poor.
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