First American Title Insurance Company Acquires Dallas-Based Allegiance Title Company
August 13, 2003, SANTA ANA, Calif.
First American Title Insurance Company, one of the nation’s largest title insurers and a member of The First American Corporation (NYSE: FAF) family of companies, today announced the acquisition of Allegiance Title Company of Dallas. Allegiance Title’s residential operations will join The Talon Group, First American’s new title division formed in February 2003, while Allegiance Title’s commercial services staff will move to Republic Title of Texas, Inc., a wholly owned subsidiary of First American Title Insurance Company.
Allegiance Title, one of the largest independent title insurance agencies in Texas, is a regional leader in providing residential and commercial title and escrow services. Currently Allegiance Title has nine offices throughout the Dallas-Ft. Worth, Tex., metropolitan area.
Dawn Enoch Moore, a founder of Allegiance Title along with C.E. “Kim” Seal, II, will continue to oversee Allegiance’s operations as its president and chief executive officer. She will also manage Texas operations for The Talon Group. Seal, a 30-year industry veteran, will join Republic Title’s expanded commercial services division as vice chairman/client and governmental relations.
“This acquisition forms the foundation for our Talon Group operations in Texas and augments the commercial services we offer through Republic Title,” said Gary L. Kermott, president of First American Title Insurance Company. “This is an excellent opportunity for us not only to acquire a great business, but also to work with some of the most enterprising and respected members of the Texas real estate community, including Dawn Moore and Kim Seal.”
“Allegiance is very excited to become a part of First American and The Talon Group,” said Moore. “With First American and The Talon Group, we will be growing our operations not only in the Dallas-Fort Worth area but throughout Texas. We plan to open up offices in Houston, San Antonio and Austin in the very near future.”
First American Title Insurance Company, the largest subsidiary of The First American Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through nearly 1,200 offices and an extensive network of agents throughout the United States and abroad. The company has its headquarters in Santa Ana, Calif. Information about The First American Corporation's subsidiaries and an archive of its press releases can be found on the Internet at www.firstam.com.