Midland Title Security, Inc. purchases Colonial Title Agency, Inc.
January 30, 1998, SANTA ANA, CALIFORNIA
Colonial Title Agency was founded in 1985 by Richard J. Lolli, who has served as president since that time. Mike A. Abel currently serves as vice president. The company, with offices in Canton and Independence, retains its current name and staff of 22.
"We are pleased and excited to be a part of the largest title insurance company in the nation," said Lolli. "We look forward to significant growth and operational improvement in our marketplace as a result of our affiliation with First American."
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.