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<br /> <br />Finance Department <br /> <br />June 9, 2006 <br /> <br />To: Board of County Commissioners <br /> <br />From: Susan B. Fearrington, Assistant Finance Director <br /> <br />Subject: Addition of US Bank to Approved Financial Institutions <br /> <br />On March 1,2001 Cabarrus County contracted with SouthTrust Bank to be the County's Trustee <br />for Certificate of Participation (COPS) Debt Issues. On June 20, 2005 Wachovia Bank acquired <br />SouthTrust Bank and our new Trustee became Wachovia Bank. On December 30, 2005 we were <br />notified that US Bank had acquired the Wachovia Corporate Trust business and our Trustee <br />would now be US Bank. We are requesting that you add US Bank to the County's list of <br />approved Financial Institutions. <br /> <br />Finance Department <br />P.O. Box 707' Concord, North Carolina 28026-0707' 704-920-2104' www.cabarruscounty.us <br /> <br />~ <br />~ <br /> <br />nORTH C UNA <br /> <br />f-3 <br /> <br />" <br />