First American Financial and National Information Group announce termination of ...
December 22, 1998, SANTA ANA, CALIFORNIA
First American Financial previously announced the proposed merger of National Information Group on Nov. 18, 1998. The merger remains subject to approval by National Information Group's shareholders, receipt of insurance regulatory approvals, approval by the Federal Trade Commission as to an individual shareholder's acquisition of voting securities of The First American Financial Corporation, and customary closing conditions.
National Information Group provides information services through technology, outsourcing services, flood zone determination services, real estate tax tracking, hazard and motor vehicle insurance tracking, lender placed insurance and flood insurance.
The First American Financial Corporation, based in Santa Ana, Calif., is the nation's leading provider of real estate-related financial and information 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, property data services, flood certification, field inspection services, appraisal services, loss mitigation services, mortgage loan origination and servicing systems, and mortgage document preparation nationally; First American Home Buyers Protection Corporation, a home warranty company; and First American Capital Management, an investment advisory firm. The corporation also operates First American Trust Company and First Security Thrift Company in Southern California. First American Financial has more than 17,000 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 on the Internet at http://www.firstam.com.