The First American Financial Corporation announces name change for First American ...


January 18, 1994, SANTA ANA, CALIFORNIA

The First American Financial Corporation (NYSE: FAF) announced today that its subsidiary, First American Real Estate Tax Service, Inc., will adopt a new corporate name to better reflect the range of services it provides to its customers. Effective immediately, First American Real Estate Tax Service will operate as First American Real Estate Information Services, Inc.

First American Real Estate Information Services is one of the nation's largest real estate tax reporting companies. The company also provides nationwide credit reporting services through its Long Island-based subsidiary First American Credit Services, Inc., as well as national tax certification services.

According to John W. Long, president of First American Real Estate Information Services, the company name change and increased product mix have been market driven. "The business landscape has changed tremendously over the last several years. We detected a need in the marketplace for an information services company capable of meeting many of the lending community's diverse requirements," Long said. "We had grown beyond our tax service origins with the addition of credit reporting and several other services. It was time to select a new name which represents our current--and future--product mix."

"This subsidiary has experienced phenomenal growth over the past few years, both through acquisition and internal growth," said Parker S. Kennedy, president of First American Financial. "Its broadened scope, reflected in the new name, will lead to consistent future growth."

The First American Financial Corporation, based in Santa Ana, California, is a leading provider of real estate financial services, including title insurance, tax monitoring, home warranty, credit reporting and property information 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 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.

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