First American Title has acquired the operating assets of First American Title ...


June 15, 1993, SANTA ANA, CALIFORNIA

First American Title Insurance Company has acquired the operating assets of First American Title Company of San Antonio, the company announced today. The local agency, which has specialized in high-liability transactions, has been an exclusive agent of First American for 25 years.

"We have continually over the years added branch operations to our network," President Parker S. Kennedy said. "This purchase is an excellent addition to our branch network. We are now in all the largest cities in Texas."

Dennie Rowland, regional vice president and Texas state manager, has named Rick Radigan division president in San Antonio. Radigan, a 15-year employee of First American, was most recently with the company's Fort Worth division. Justin D. Rowland, a former co-owner of the agency, has been appointed vice president of the company's Texas subsidiary, concentrating on the commercial market as well as assisting with management responsibilities. Carl H. Pfeiffer, who had served as chairman of the board, is retiring. First American entered the Texas market when they purchased a title insurance underwriter from the Pfeiffer family in 1968.

Other key appointments include Jim Heath, John Lugo and Shirley Stingily, who were each promoted to assistant vice president-escrow officer, and Joel Clark, who has been appointed assistant vice president-controller. The division serving Bexar County presently has 25 employees and Radigan expects it to grow.

The county's main office, which has been renamed First American Title Insurance Company of Texas, is located on N.W. Loop 410.

First American Title Insurance Company, principal subsidiary of The First American Financial Corporation, celebrated its 100th anniversary in 1989. One of the largest title insurers in the nation, it offers title services through a network of more than 300 offices and 4,000 agents in all 50 states. It also provides title services abroad in the Bahamas, Bermuda, Canada, Guam, Mexico, Puerto Rico, the U.S. Virgin Islands and the United Kingdom. National headquarters are located in Santa Ana, California.

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