First American Title Acquires Midland Title Agency of Northwest Ohio, Inc.
August 2, 2004, SANTA ANA, Calif.
First American Title Insurance Company today announced that it has acquired Midland Title Agency of Northwest Ohio, Inc. Terms of the transaction were not disclosed.
A full-service title company with three offices in the greater Toledo, Ohio area, Midland Title has been a First American agent for 20 years. In combination with First American’s other local subsidiary, Port Lawrence Title, Midland will help make First American the dominant service provider in the increasingly active real estate market in and around Lucas County, Ohio.
Under the guidance of Donald M. Mewhort III and Sandra M. Hylant, Midland became one of the premier title providers in the region during the late 1990s. Expanded marketing efforts and the creation of a strong management team helped the company realize record profits between 2000 and 2003. Mewhort will continue to serve as president of Midland Title and help consolidate existing back-office functions and systems with other First American area operations. Hylant will remain with the company as vice president.
“Midland Title Agency is a growing, profitable company, and Don and Sandra will be valuable additions to our Ohio management team,” said Robert J. Hauser, regional vice president for First American Title Insurance Company. “This acquisition is a positive move both for our companies and for Midland’s customers, whose transactions will now be handled using the very best technology and information resources in the industry.”
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 1,500 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.