Christopher Del Moral-Niles Nominated as President of First American Trust, FSB
July 7, 2009, SANTA ANA, Calif.
The First American Corporation (NYSE: FAF), America’s largest provider of business information, today announced that Christopher Del Moral-Niles has been nominated to serve as president of First American Trust, FSB. Niles, who had previously served as treasurer for The First American Corporation, is expected to assume his new duties effective October 1, 2009.
A Chartered Financial Analyst with more than 17 years of financial services industry experience, Niles will be responsible for the day-to-day management of The First American Corporation’s primary depository and wealth management activities, and also will serve on First American Trust’s board of directors. In addition to his new duties, Niles will retain his position as a corporate vice president of The First American Corporation and will continue to serve as a member of the corporation’s investment, pension, and enterprise risk management committees. He also will continue to serve on the board of the company’s affiliate, First Security Business Bank.
“We are very pleased to welcome Chris to our Trust Company management team,” said Thomas M. Kelley, chairman and CEO of First American Trust. “His technical strengths and extensive market knowledge will be an invaluable resource for our clients and our management team going forward.”
Niles joined First American in 2006 from Union Bank of California, NA, where he had served as senior vice president and director of Liability Management for the bank and as president and director of UnionBanCal Commercial Funding Corp. His background also includes more than a decade as an investment banker within the Financial Institutions Groups at Lehman Brothers and Merrill Lynch, working in New York, London and Los Angeles.
First American Trust, FSB is an FDIC-insured, federally chartered savings bank with more than $2.5 billion in assets under administration and over $1 billion in bank assets. As a registered investment adviser with national trust powers, First American Trust has been providing investment management and trust services on a local, full-service basis for more than four decades. The company is headquartered in Orange County, Calif., and has offices in San Diego, Rancho Bernardo, Los Angeles/Glendale, the Inland Empire and Santa Ana.
About First American
The First American Corporation (NYSE: FAF) is a FORTUNE 500® company that traces its history to 1889. With revenues of approximately $6.2 billion in 2008, 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.