FIRST AMERICAN TITLE TO PURCHASE SECURITY LAND TITLE
August 18, 1999, SANTA ANA, Calif.
Security Land Title, which will continue to operate under its present name, has approximately 200 employees in 11 locations, including offices in Blue Springs, Gladstone, Independence, Kansas City, Liberty, Olathe, Overland Park and Raymore. The company also maintains offices in Lee's Summit, Mo., and Harrisonville, Mo. In 1974, Kerwin founded Land Title to provide quality services to the real estate industry, and in 1990, the company changed its name to Security Land Title Company.
Kerwin, a 31-year veteran of the title industry, will continue to serve as president of Security Land Title, with Terry Anderson, Ed Gomez and Bill Perry serving as executive vice president, senior vice president and vice president-general counsel, respectively.
The acquisition of Security Land Title complements First American's other Kansas City-area acquisitions, giving the company a substantial presence in each of the metropolitan counties, thus increasing First American's geographic coverage and expanding the reach of its statewide searching capabilities.
"We are excited about expanding First American's reach in the Kansas City area," said Gary L. Kermott, president of First American Title Insurance Company. "Security Land Title's competent and experienced staff are a welcome addition."
"We are extremely excited about associating with a company with the history and reputation of First American," said Kerwin. "In addition to having access to new technologies, we will be able to offer a much broader selection of products and services to our customers, as well as additional opportunities for our employees."
The First American Financial Corporation, based in Santa Ana, Calif., is the nation's leading provider of business information and related products and services. The corporation's three primary business segments include: title insurance; real estate information and services, which includes mortgage origination, mortgage servicing and database products and services; and consumer information and services, which provides home warranties; automotive, subprime and direct-to-consumer credit reporting; insurance and automotive tracking services; resident screening; pre-employment screening; lender-placed flood and hazard insurance; investment advisory; and trust and banking services. Through its family of companies, First American Financial has nearly 20,000 employees in more than 600 branch offices in the United States and abroad. Information about the company and an archive of its press releases can be found on the Internet at www.firstam.com.