The First American Financial Corporation acquires Commerce Title Agency, Inc. of Akron, Ohio


September 17, 1990, SANTA ANA, CALIFORNIA

The First American Financial Corporation has acquired Commerce Title Agency, Inc., the largest title company in Akron, Ohio, for cash and notes according to Executive Vice President Parker S. Kennedy.

"Commerce Title will strengthen our competitive position in the state of Ohio, an excellent title insurance market," Kennedy said. "This acquisition is of special importance to First American because of the capabilities and enthusiasm of its owner, Orville Jones, Jr. He will join us and assist us in perpetuating our strong statewide Ohio branch network."

First American operates in Ohio primarily through its wholly owned subsidiary, Midland Title Security.

The First American Financial Corporation, based in Santa Ana, Calif., operates its title insurance business through its principal subsidiary, First American Title Insurance Company, one of the largest title insurers in the nation. The company offers title services through a network of more than 5,500 offices or agents in all 50 states. It also provides title services abroad in the Bahamas, Guam, Mexico, Puerto Rico, the Virgin Islands and the United Kingdom.

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