First American Financial’s principal subsidiary, First American Title Insurance ...


May 27, 1998, SANTA ANA, CALIFORNIA

The First American Financial Corporation (NYSE: FAF) announced today that its principal subsidiary, First American Title Insurance Company, has acquired by merger Evans Title Companies, Inc., in Wisconsin. Previously, First American owned 50 percent of Evans Title, according to Parker S. Kennedy, president of the Santa Ana, California-based parent company.

"Having completed our acquisition of Evans Title Companies, Inc., First American now is the largest title company in Wisconsin," said John Bethell, regional vice president for First American. "The fine people at Evans will help us continue our growth."

Founded in Appleton, Wisconsin, in 1850, Evans Title Companies, Inc., operates throughout the north central and northeast part of the state. In 1900, the company was purchased by three men, Lamar Olmstead, John Sherman and Peter Kornely, who named it Outagamie County Abstract Company. The company was sold again in 1914 to a group of local businessmen, which included Matt Schuh, Steve Evans’ grandfather. A new corporation was formed and operated under the name Outagamie Loan & Title Company. James Evans began working for the company in 1946, and purchased the company in 1957, renaming it Outagamie Abstract & Title Company. In 1982, Evans retired and sold the company to his son, Steve, who, in 1990, renamed it Evans Title Companies, Inc.

Evans Title, which will operate as Evans Title Companies, has offices in Appleton, Green Bay, Manitowoc, Oconto, Oshkosh, Waupaca and Wautoma, and maintains a staff of over 140 employees, all of whom are expected to remain with the company. Steve Evans, who has 29 years of title industry experience, will remain as president.

"Being able to take full advantage of all the resources First American has to offer greatly enhances both our ability and capability to meet our customers’ needs in this ever-changing market," said Evans. "We expect this acquisition by First American to enable us to continue to grow and to solidify our position as the leading provider of title services in Northeast Wisconsin well into the future."

The First American Financial Corporation, based in Santa Ana, California, 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, 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 13,000 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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