THE FIRST AMERICAN CORPORATION NAMES MAX O. VALDES VICE PRESIDENT-CHIEF ACCOUNTING OFFICER


April 4, 2001, SANTA ANA, Calif.

The First American Corporation (NYSE: FAF), the nation’s leading, diversified provider of business information and related products and services, today announced that Max O. Valdes has been appointed to the newly created position of vice president-chief accounting officer. 

In his new role, Valdes will oversee the company’s SEC and statutory financial reporting. He also will retain his duties as chief financial officer of First American’s largest subsidiary, First American Title Insurance Company. 

After joining First American Title in 1988, Valdes served as assistant controller, then vice president-controller before being promoted to vice president-chief financial officer in 1998. A Certified Public Accountant, he is a member of the American Institute of Certified Public Accountants and the California Society of CPAs. He also serves as a member of the board of directors of First American’s subsidiary, Midland Title Security, Inc.

Valdes received his bachelor’s degree in business administration from California State University, Fullerton, with an accounting concentration. A native of Havana, Cuba, Valdes currently resides in Murrieta, Calif., with his wife, Karla, and their two sons.

The First American Corporation, based in Santa Ana, Calif., is the nation’s leading, diversified provider of business information and related products and services. The corporation’s three primary business segments include: title information and services; real estate information and services, which includes mortgage information services and database information and services; and consumer information and services, which provides automotive, subprime and direct-to-consumer credit reporting; resident screening; pre-employment screening; property and automotive insurance tracking services; property and casualty insurance; home warranties, investment advisory; and trust and banking services. Information about the company and an archive of its press releases can be found on the Internet at www.firstam.com.

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