Frank V. McMahon to Join The First American Corporation as Vice Chairman and Chief Financial Officer
February 22, 2006, SANTA ANA, Calif.
The First American Corporation (NYSE: FAF), America’s largest provider of business information, today announced that Frank V. McMahon has been named vice chairman and chief financial officer.
McMahon, currently a managing director with Lehman Brothers Holdings, Inc., will join First American on March 31, 2006. McMahon will be responsible for First American’s financial reporting division, capital markets activities, investor relations, and will oversee the operations of First American Trust and First Security Thrift. In addition, he will work with the company’s senior management on strategic planning and merger and acquisition activities.
“Frank is an excellent investment banker who has a deep understanding of Wall Street, the capital markets and our industry,” said Parker S. Kennedy, chairman and chief executive officer of The First American Corporation. “Over the last 15 years, we have worked extensively with Frank on a number of transactions. His experience, integrity and insight have been, and will continue to be, invaluable to us. He will have a major impact on our company.”
A seasoned veteran with more than 20 years of experience in the financial services industry, McMahon has specialized in advising financial institutions and has been involved in many of the large mergers and acquisitions that have shaped the financial services landscape on the West Coast. He has managed the West Coast financial institutions practice for Lehman Brothers for the last six years and managed a similar group for Merrill Lynch from 1994 to 1999. McMahon earned an M.B.A. at the Fuqua School of Business at
The First American Corporation (NYSE: FAF), a FORTUNE 500® company that traces its history to 1889, is