The First American Financial Corporation announces the resignation of Harold ...


July 7, 1993, SANTA ANA, CALIFORNIA

The resignation of Harold C. Kean of Seattle was accepted with regret by the board of directors of The First American Financial Corporation (NASDAQ: FAMR) and its principal subsidiary, First American Title Insurance Company. Kean, who has served on both boards since 1973, stated that he was unable to effectively serve because of ill health.

Kean has had a long career with the Washington Federal Savings and Loan Association, where he was hired as president in 1950. He later was named chairman, and continues to serve as a director. Kean, who began his savings and loan career in 1932, organized Coast Mortgage and Investment Co. in 1947 and was its president for 19 years. He also served terms as president of the Pacific Northwest Conference of Savings & Loan Associations, Washington State Savings and Loan League, Seattle League of Insured Savings & Loan Associations and Seattle Mortgage Bankers Association.

At the June 30 board meeting, Kean was honored by the combined boards of directors at a special outing at the Seattle Club with dinner following.

"Harold has been a valuable member of our board," Chairman D.P. Kennedy said. "His experience in the savings and loan field was helpful to us in our deliberations, and the entire board will miss his good humor and intelligence."

The First American Financial Corporation, based in Santa Ana, Calif., is a leading provider of real estate financial services, including title insurance, tax monitoring and home warranty services, to real property buyers and mortgage lenders. The company also operates a trust and banking business in Southern California. The company offers its 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 Virgin Islands and the United Kingdom.

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