First American Title Insurance Company of New York Continues Strategic Restructuring
May 5, 2008, NEW YORK
First American Title Insurance Company of New York, a subsidiary of First American Title Insurance Company and a member of The First American Corporation (NYSE: FAF) family of companies, today announced the launch of a strategic restructuring of the Talon Group and Public Abstract Corporation in upstate New York.
As part of First American Title Insurance Company of New York’s ongoing strategic and organizational restructuring, the company has retired The Talon Group in upstate New York and will be consolidating the Public Abstract Corporation brand into the flagship name, First American Title Insurance Company of New York.
This strategic initiative will continue to reinforce and strengthen First American Title Insurance Company of New York as the leader in the title insurance industry in New York. “A critical element of the restructuring will be to emphasize First American Title Insurance Company of New York’s ongoing commitment to its clients and agency network,” said Steven M. Napolitano, president, chairman and chief executive officer of First American Title Insurance Company of New York. “First American Title Insurance Company of New York is already recognized as the leading title insurance and abstract company in the New York region,” said Napolitano. “We look forward to strengthening our client relationships in these upstate markets under the flagship name.” The new leadership team in the upstate offices includes Benedict Sander, senior vice president in Syracuse, Bajan Koepeczi-Deak, senior vice president in Buffalo and Stu Cooper, senior vice president in Rochester.
About First American Title Insurance Company of New York:
Founded in 1973, First American Title Insurance Company of New York is one of the leading title insurers in the state. First American writes millions of policies and reports annually, both nationally and internationally. In addition to title insurance policies, the company offers a variety of complementary products and services, including 1031 tax-deferred exchange services and title insurance on cooperatives. Through our National Commercial Services Division the company is able to settle and insure complex multi-property and multi-state commercial, retail, office, multi-family, hotel and industrial real estate transactions. A driving force behind the company’s success is its in-depth knowledge of the marketplace, combined with the dedication and experience of its talented team of professionals. The company's New York Agency Division is comprised of a skilled group of more than 300 agents, strategically positioned throughout the state. Each agent is thoroughly knowledgeable in the intricacies of the local real estate markets they serve. First American Title Insurance Company of New York has offices in Midtown Manhattan, Long Island, Westchester County and Upstate New York. First American Title Insurance Company of New York is a wholly owned subsidiary of First American Title Insurance Company, one of the largest title insurers in the nation. More information about the company can be found at www.firstamny.com.
About First American
The First American Corporation (NYSE: FAF) is a FORTUNE 500® company that traces its history to 1889. With revenues of approximately $8.2 billion in 2007, it is America’s largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people’s lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Information and Outsourcing Solutions, Data and Analytic Solutions, and Risk Mitigation and Business Solutions. More information about the company and an archive of its press releases can be found at www.firstam.com.