First American purchases Miller Abstract Company, Inc.


March 18, 1997, SANTA ANA, CALIFORNIA

The First American Financial Corporation (NYSE: FAF) announced today that its principal subsidiary, First American Title Insurance Company, has purchased Miller Abstract Company, Inc., from Bob Groody, the current owner. Groody, a 35-year veteran of the title industry, will continue as manager of the operation.

Miller Abstract, a 140-year-old company, has been an agent of First American for 21 years.The acquisition is part of an overall plan to expand First American's direct operations in the greater Kansas City area. It will allow the company to expand its direct operations on the Kansas side of the Kansas City area while complementing its existing direct operations there as well as in Lawrence. Future plans provide for the opening of a satellite office in the southern part of Leavenworth County to better serve customers in the Kansas City area.

"We are very pleased to add this operation to our growing national network of title branch operations," said Parker S. Kennedy, president of First American Title Insurance Company, in Santa Ana, California.

The First American Financial Corporation, based in Santa Ana, California, is the nation's leading provider of real estate-related financial and informational services. The corporation's subsidiaries include First American Title Insurance Company, a national and international title insurer; First American Real Estate Information Services, Inc., which offers tax monitoring, credit reporting, flood certification, mortgage loan servicing systems and property information services nationally; First American Home Buyers Protection Corporation, a home warranty company; and First American Capital Management, an investment firm. The corporation also operates First American Trust Company and First Security Thrift Company in Southern California. First American Financial has more than 10,000 employees in over 400 branch offices in the United States and abroad. Information about the company's subsidiaries and an archive of its press releases can be found at http://www.firstam.com on the Internet.

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