The First American Financial Corporation board of directors elect Parker S. ...

September 1, 1987, SANTA ANA, CALIFORNIA

At its August 26 meeting, the board of directors of The First American Financial Corporation (NASDAQ:FAMR) elected Parker S. Kennedy to the board and declared a regular quarterly dividend.

Kennedy was appointed executive vice president of The First American Financial Corp in 1986. Since 1984, he has served as executive vice president of the firm's principal subsidiary, First American Title Insurance Company, which he became a director of in 1981. He joined the company in 1977.

The board of directors also declared a regular quarterly dividend of 12½ cents per share payable October 15 to shareholders of record on September 30. The company has paid a cash dividend every year since 1909.

The First American Financial Corp. operates its title insurance business through First American Title Insurance Company, one of the largest title insurers in the country, with a network of offices in all 50 states. The company also provides title services in Guam, Mexico, Puerto Rico, the Virgin Islands and Mexico.


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