The Talon Group New York Acquires All New York Title Agency, Inc.


August 2, 2004, SANTA ANA, Calif.

The Talon Group New York, a division of First American Title Insurance Company of New York, announced the acquisition of All New York Title Agency, Inc. in White PlainsN.Y., for an unspecified amount. The acquisition, completed July 1, 2004, adds All New York Title’s operations and personnel to The Talon Group, First American’s new title division formed in February 2003. 

“The Talon Group was created to increase market share and expand our overall profitability in key markets,” said Gary L. Kermott, president of First American Title Insurance Company. “Acquiring All New York Title gives Talon significant presence and expertise in the commercial segment in New York and is in line with our overall plan to increase our operational presence in the Northeast.”

Formed in 1995, All New York Title serves the commercial and high-end residential segments. The company specializes in complex statewide commercial transactions, and is regarded by the local real estate community as one of New York State’s premier title companies. All of its officers have accepted employment with The Talon Group and will continue to manage operations from White Plains. The company, which will operate under its existing name during a transition period, will eventually become part of the Talon brand.

Joseph Petrillo, president of All New York Title, commented: “While we are justifiably proud of our excellent staff, First American’s financial strength and Talon’s evolving marketing innovation will give us the tools we need to grow in the increasingly competitive commercial marketplace.” Petrillo expects the company’s expansion to continue with the addition of sales personnel and enhanced ability to attract and direct national business.

“This is a great addition to our growing network of commercial offices,” said Gary R. Cortellessa, executive vice president of The Talon Group. “We welcome Joe Petrillo, John Martin and their experienced staff, and the local expertise and operational experience they bring to the Talon team.” The Talon Group’s network of offices in New York also includes locations in SyracuseRochester and Buffalo.

Formed in February 2003, The Talon Group represents the first time a company in the title industry has intentionally established a competitive brand in order to gain market share and improve long-term profitability. Serving the nation’s top real estate markets, the division aggressively competes for market share by providing high-quality title services. Talon is currently operating in key markets such as Washington D.C.ChicagoBaltimorePhiladelphiaBostonDallasIndianapolisNew YorkMichiganOhioUtahArizona, the state of Washington and Florida. Information about The Talon Group and an archive of its press releases can be found on the Internet at www.talongroup.biz.

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.

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