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File Number: 17-663 <br />City staff also directs the City Council to a written response from Wells Fargo concerning their <br />involvement in the DAPL Project. This written response includes DAPL FAQs as well as a <br />response to Wells Fargo’s recent settlement involving opening of unauthorized accounts by its <br />employees. Wells Fargo has been a financial partner of the City for nearly a decade and staff is <br />encouraged by their response to these matters. Nevertheless, while staff recommends against a <br />change in commercial banking services at this time, it will certainly undergo the process should <br />City Council decide to pursue a replacement bank. <br />ATTACHMENTS: <br />(1)Letter from Concerned Citizens <br />(2)Letter from Wells Fargo Bank <br />(3)Wells Fargo Dakota Access Pipeline FAQs <br />(4)Financial Reports Calendar <br />(5)Draft Banking Request for Proposals (RFP) <br />PREPARED BY: David Baum, Finance Director, Finance Department <br />Page 4 City of San Leandro Printed on 11/14/2017 <br />248