First American Title Insurance Company Acquires Title Bond Company
May 27, 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 Title Bond Company of Kalamazoo, Mich., for an unspecified amount. The acquisition, completed May 1, 2003, expands First American’s direct operations in one of the largest and fastest-growing real estate markets in Southwest Michigan.
Established in 1912 as Kalamazoo’s first abstract company, Title Bond has a rich history interwoven with the community it serves. Local real estate professionals recognize Title Bond as a customer service leader in providing title insurance and closing services for residential and commercial properties.
Lisa Suhr, a co-owner of Title Bond who has managed the company for three years, will continue to oversee day-to-day operations as a vice president of First American Title Insurance Company. Title Bond president and co-owner James Marquardt will leave the company to pursue other interests.
“Like First American, Title Bond is a company committed to quality and service,” said Steve Mustin, regional vice president for First American Title Insurance Company. “We have enjoyed a great agent-underwriter relationship in the past and look forward to working with Lisa Suhr and her team directly to further grow this operation.”
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.