SEATTLE -- The city of Seattle sent a letter to Wells Fargo on Thursday stating that it would not be using the bank as a lender for an upcoming $100 million bond financing.
The letter -- signed by mayor Ed Murray and councilmembers Bruce Harrell and Tim Burgess -- reprimanded Wells Fargo for its "reprehensible" treatment of customers.
In a statement Wells Fargo said it was "disappointed" in the city's action. It also said the city's business with the bank was managed separately from the retail operation involved in the scandal.
"We are taking important steps to ensure that the sales culture in our retail banking business is 100-percent aligned with our customers' interests," the statement said.
The move by Seattle follows similar actions by other governments to suspend business with the company.
Here is the full text of the letter obtained by Q13 News:
Here is Wells Fargo's full statement: