| JANUARY |
FEBRUARY |
FEBRUARY |
| First American opens a title office in Australia, becoming that nation's first title insurer. |
The title company introduces the
EAGLE Policy. The policy, benefiting
homeowners and lenders, is the first of
its type in the nation. |
First American Trust Company
becomes a direct participant with the
Federal Reserve Bank, enabling the
group to wire money directly into the
bank's system while saving money for
the company and its customers. |
 |
| APRIL |
APRIL |
MAY |
| First American Financial issues and sells
$100 million of trust preferred securities
through First American Capital Trust I. |
First American Financial's first quarter
operating profits exceed analysts'
consensus expectations. |
First American acquires Strategic Mortgage
Services (SMS), a leading provider of real
estate information services to the mortgage
and title industries. The acquisition brings
with it more than 800 employees and an
$85 million revenue base. |
|
|
| MAY |
JULY |
AUGUST |
| Duff & Phelps Credit Rating Co.,
(DCR), reaffirms First American
Title's 'A-' rating, implying high
claims-paying ability. |
First American Financial reports
record-breaking second quarter
revenues. |
First American Financial increases its
dividend by 11 percent. |
|
|
| SEPT |
OCTOBER |
OCTOBER |
| First American Home Buyers
Protection Corporation is licensed to
sell its services in Utah, expanding its
reach to eight states. |
Property Financial Appraisal Services
(PFS) is acquired, greatly expanding
First American's appraisal service
presence in the Northeast. |
The purchase of Settlers Abstract in
Philadelphia by First American Title
strengthens the company's commercial
business. In all, 22 offices nationwide
are added by the title group in 1997. |
|
|
| OCTOBER |
OCTOBER |
NOVEMBER |
| A state-of-the-art call center is opened
by the Home Warranty group, staffed
with additional customer service
representatives trained to respond
rapidly to customer requests. |
First American Financial reports
record-breaking third quarter revenues
and net income. |
An independent customer survey,
commissioned by First American,
prompts the Real Estate Information
Services group to establish marketing
systems that mirror the way customers
use their services. |
|
|
| DECEMBER |
DECEMBER |
DECEMBER |
| A joint venture between First
American and Experian is formed. The
merged operations join the nation's
largest provider of real estate-related
data with the leading provider of real
estate-related financial and information
services. |
First American Financial declares a
3-for-2 stock split. |
First American becomes the first to
establish title insurance operations in
the Republic of Ireland. |
