First American Title Insurance Company signs agency agreement with Mariposa ...


August 1, 1997, SANTA ANA, CALIFORNIA

First American Title Insurance Company has signed an agency agreement with Mariposa County Title Company and also acquired a minority interest in the privately owned title company, according to President Parker S. Kennedy.

Neil A. Stonum will continue as president and manager of Mariposa County Title Company. "This agreement renews a family relationship with First American," Stonum said. "My father, Robert Stonum, owned and operated title companies in Merced, Stanislaus and Monterey counties, and all of them were underwritten by First American Title Insurance Company.

"I am confident that the combination of First American’s county operation and our office will provide the community with even better service," Stonum continued. "For example, we will now be able to offer First American’s new EAGLE Policy."

"First American has found that in some areas our customers are better served by locally owned companies," Kennedy said. "This is a great opportunity for the company to combine our present operation with a company that has been serving the title and escrow needs of Mariposa County customers since 1908."

All pending escrow and title orders in the current First American branch office will be transferred to Mariposa County Title Company at 5081 Bullion Street in Mariposa.

First American Title Insurance Company, principal subsidiary of The First American Financial Corporation (NYSE: FAF), traces its history to 1889. The largest title insurer 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 Australia, the Bahama Islands, 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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