Close the acquisition of PFM Asset Management LLC
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 15 Jul 2021
- Due
- 31 Dec 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“U.S. Bank has entered into a definitive agreement to purchase PFM Asset Management LLC, which is expected to close in the fourth quarter of 2021.”
What we found
Evidence strength A What the grades mean
US Bancorp confirmed in a January 2022 filing that it had closed the acquisition of PFM Asset Management LLC, fulfilling the commitment to complete the transaction by the end of 2021.
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A US Bancorp 8-K filed 2022-01-19
“U.S. Bank closed on its previously announced agreement to purchase PFM Asset Management LLC.” ✓ confirmed on the page
Market reaction: the shares moved -7.3% against the S&P 500 over the three sessions around the disclosure (18 Jan 2022 to 21 Jan 2022). What this measures
Checked 2 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- Acquisition of PFM Asset Management LLC
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: definitive agreement
- Depends on
- Regulatory, Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2021-USB-004164 · Corrections policy