First American Title announces the purchase of Attorneys Title Corporation, ...


September 1, 1994, SANTA ANA, CALIFORNIA

First American Title Insurance Company announced today the purchase of Attorneys Title Corporation, based in Washington D.C., from John Mahoney, president. Terms were not disclosed.

Attorneys Title was established in 1977 and has five offices in metropolitan D.C., serving suburban Maryland and Virginia as well as the District. The company has been an independent title agent for several underwriters, handling primarily residential transactions. Mahoney, who is one of the original owners of the company, will continue to manage day-to-day operations.

"Attorneys Title is well-run and profitable," said Parker S. Kennedy, president of First American. "Mr. Mahoney enjoys an excellent reputation in the D.C. area and he will fit into our company very well."

"The addition of this strong D.C. company will add substantial residential business to our commercially oriented branch operation," said First American Regional Vice President Anthony P. Schembri. "We expect that this purchase will complement our growing commercial and residential market."

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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