First American names James Stipanovich president of wholly owned subsidiary, ...


February 17, 1994, SANTA ANA, CALIFORNIA

First American Title Insurance Company announced today that James Stipanovich of Strongsville, Ohio, has been named president of its wholly owned subsidiary, Midland Title Security, Inc. He succeeds Robert J. Swadey, one of Midland's founders, who will continue as chairman of the company, a position he has held since last year. Both are vice presidents of First American Title.

Stipanovich's appointment follows a 24-year career with Midland Title. He joined the firm in 1970 as a clerk-typist in the company's Elyria office. In 1983, he was named managing officer of agency operations. Most recently, his responsibilities have included overseeing the operations of the company's residential division. Under his direction, Midland opened offices in Zanesville, Ashland, Brunswick and Fremont, Ohio in 1993.

Stipanovich is secretary-treasurer of the Ohio Land Title Association, the state's trade association of the title insurance industry.

Midland's primary market area is the state of Ohio, with 42 offices and 95 agents throughout the state. Branch offices are also located in Illinois, Indiana, Kentucky and Western Pennsylvania. Headquartered in Cleveland, Midland Title and its affiliated operations rank first in Ohio for gross premiums written in 1992 and 1993.

Midland was founded in 1955 by attorneys Robert J. Swadey, Victor H. Hahn and the late Martin H. Levitt. An operation begun with three employees, Midland today employs almost 600 personnel. In 1986, First American Title acquired Midland's two primary companies--Midland Title Security, Inc. and Midland Title Information, Inc. Four years later, First American purchased the former Commerce Title of Akron, now known as The Midland Commerce Group.

First American Title Insurance Company, principal subsidiary of The First American Financial Corporation (NYSE: FAF), traces its history to 1889. 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 throughout the United States. It also provides title services abroad in the Bahama Islands, Bermuda, Canada, Guam, Mexico, Puerto Rico, the U.S. Virgin Islands and the United Kingdom. The company has its headquarters in Santa Ana, California.

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