The First American Financial Corporation announces the purchase of Security ...


September 18, 1995, SANTA ANA, CALIFORNIA

The First American Financial Corporation (NYSE: FAF) announced today that its principal subsidiary, First American Title Insurance Company, has purchased Security Title Company of Southern Utah from its owner, Karen Robison. The company, which has been an exclusive agent for First American for over 30 years, operates throughout Southern Utah through branch locations in four counties. The purchase was made for an undisclosed amount of cash and stock of First American's parent, The First American Financial Corporation.

Security was formed in 1964 by Robison and her husband Dan, who died in February 1995. The company has branch operations in Cedar City, Fillmore, St. George and Richfield, and will soon be expanding to Kanab in Kane County. All branches and employees will now be part of the First American Title Company of Utah network. Wes and Leisa Jensen will be handling the managerial duties for the Southern Utah operations. Wes, who joined First American in 1976, will be regional manager, and Leisa, who has been with the company since 1981, will serve as regional escrow administrator. Both began their careers with First American in Ogden, Utah.

"Southern Utah is the strongest title insurance market in Utah," said Lane Gidney, president of First American Title Company of Utah. "The addition of this well-respected company will certainly strengthen First American's number one market share position in the state of Utah."

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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