<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40">
<head>
<meta http-equiv="Content-Type" content="text/html; charset=us-ascii">
<meta name="Generator" content="Microsoft Word 15 (filtered medium)">
<!--[if !mso]><style>v\:* {behavior:url(#default#VML);}
o\:* {behavior:url(#default#VML);}
w\:* {behavior:url(#default#VML);}
.shape {behavior:url(#default#VML);}
</style><![endif]--><style><!--
/* Font Definitions */
@font-face
{font-family:"Cambria Math";
panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
@font-face
{font-family:Georgia;
panose-1:2 4 5 2 5 4 5 2 3 3;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
font-size:11.0pt;
font-family:"Calibri",sans-serif;}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:#003C61;
text-decoration:underline;}
span.EmailStyle19
{mso-style-type:personal-compose;
font-family:"Georgia",serif;
color:windowtext;}
.MsoChpDefault
{mso-style-type:export-only;
font-size:10.0pt;
font-family:"Calibri",sans-serif;}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
{page:WordSection1;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]-->
</head>
<body lang="EN-US" link="#003C61" vlink="#63A3CA" style="word-wrap:break-word">
<div class="WordSection1">
<div style="margin-top:15.0pt">
<table class="MsoTableGrid" border="0" cellspacing="0" cellpadding="0" width="721" style="width:541.0pt;border-collapse:collapse;border:none">
<tbody>
<tr>
<td width="721" colspan="3" valign="top" style="width:541.0pt;padding:0in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Georgia",serif"><img width="720" height="192" style="width:7.5in;height:2.0in" id="Picture_x0020_2" src="cid:image001.png@01D7EAAC.88117940"></span><span style="font-size:12.0pt;font-family:"Georgia",serif"><o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="721" colspan="3" valign="top" style="width:541.0pt;padding:.5in 0in 0in .5in">
<p class="MsoNormal"><b><span style="font-size:23.0pt;font-family:"Arial",sans-serif;color:#003C61">PFM Asset Management Joins U.S. Bank<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Georgia",serif">U.S. Bank’s subsidiary, U.S. Bancorp Asset Management, has
<a href="https://pfmam.com/newsroom/detail?title=u.s.-bank-completes-acquisition-of-pfm-asset-management&type=news">
closed its purchase of PFM Asset Management</a> effective today. PFM Asset Management will continue to operate as a separate entity under the terms of the deal, and the key staff and technology that support the Local Government Investment Pool will remain in
place.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Georgia",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Georgia",serif">As a reminder, PFMAM’s e-mail domain recently changed to pfmam.com. You can now contact PFMAM Client Services at
<a href="mailto:csgwestregion@pfmam.com">csgwestregion@pfmam.com</a>. To ensure that you continue to receive messages from PFMAM timely, update your contacts and safe senders lists. Some e-mail programs may put messages from the new domain in your ‘junk’ or
‘spam’ folder, so check there if you do not receive a message you are expecting.<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="721" colspan="3" valign="top" style="width:541.0pt;padding:0in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Georgia",serif"><img border="0" width="323" height="192" style="width:3.3645in;height:2.0in" id="Picture_x0020_4" src="cid:image002.png@01D7EAAC.88117940"></span><span style="font-size:12.0pt;font-family:"Georgia",serif"><o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="311" valign="top" style="width:233.6pt;background:#FFCD4C;padding:.25in 0in .25in .5in">
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#003C61">350 Winter Street NE, Suite 100<br>
Salem, OR 97301-3896<br>
<br>
<a href="http://omls.oregon.gov/mailman/listinfo/local-gov-news"><span style="color:#003C61">Manage Your Subscription or Unsubscribe</span></a><o:p></o:p></span></p>
</td>
<td width="162" valign="top" style="width:121.5pt;background:#FFCD4C;padding:.25in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#003C61">503.378.4000<o:p></o:p></span></p>
</td>
<td width="248" valign="top" style="width:185.9pt;background:#FFCD4C;padding:.25in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#003C61"><a href="http://www.oregon.gov/treasury/"><span style="color:#003C61;text-decoration:none">oregon.gov/treasury</span></a><o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal"><span style="font-family:"Georgia",serif"><o:p> </o:p></span></p>
</div>
</div>
</body>
</html>