SANTA ANA, Calif. ^__ Continuing a newsworthy pattern of national expansion that started more than 40 years ago, our company added title offices in 22 counties in 1997. The majority of these were acquired by First American, chosen for their strength in their communities or their prominence in specialized fields.

    Geographically, our 1997 acquisitions let us reach new customers in several population centers. Many brought us great financial and organizational benefits, as well, such as those we are already realizing with our acquisition of Long & Melone in Hawaii. Geographic expansion also strengthened our position as one of the select title companies that can service large clients on a national basis.

    Our national presence and revenues also grew in the commercial market. Of special importance was our purchase of Settlers Abstract in Philadelphia. This acquisition added significantly to our burgeoning commercial effort. Our continued commitment to expand our presence in this field led First American to increase its share of the commercial business within the nation's major markets by more than 2 percent in 1997.

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