Hugh E. Pollard Honored by Federation of Exchange Accommodators for Outstanding Service to Industry


November 2, 2009, SANTA ANA, Calif.

First American Exchange Company, LLC, a member of The First American Corporation (NYSE: FAF) family of companies, announced today that Hugh E. Pollard, CES® has received The Margo McDonnell Certified Exchange Specialists® Perpetual Award for Outstanding Service from the Federation of Exchange Accommodators (FEA).

The award was created in 2008 to honor Margo McDonnell, CES®, who is senior vice president and regional sales manager for First American Exchange Company. She was responsible for spearheading the industry’s efforts to launch the voluntary certification and continued education program. Each year, the FEA recognizes a Certified Exchange Specialist® (CES) who has demonstrated extraordinary service to the qualified intermediary industry.

Pollard, who is vice president and regional manager for First American Exchange Company in Chicago, was honored for his service to the members of the FEA and the exchange industry as a whole. While presenting the award during the FEA’s recent annual conference in Orlando, Fla., Margo McDonnell, who is also the chair emeritus of the CES Certification Council, stated, “Hugh truly represents the character and professionalism we hope all CES designees possess. He is always willing to provide input and a voice of reason, when needed, and continuously strives to protect the best interests of the CES program while ensuring it provides a benefit to the FEA.” 

As an FEA Charter Council Member, Pollard helped shape the CES Program. After serving on the Council for five years, he left to assume the role of president of the FEA in 2007. In late 2008, he volunteered to serve a second term after the incoming president of the FEA decided to step down.

First American Exchange Company has 24 CES designees on staff, including Pollard and McDonnell.

About First American Exchange Company
A wholly owned subsidiary of First American Title Insurance Company, First American Exchange Company is a leading national provider of 1031 exchange intermediary services. It handles forward, reverse, build-to-suit and personal property exchanges. These transactions permit investors to defer capital gains taxes on the sale of certain types of business or investment property, including both real estate and personal property. For more information about First American Exchange, go to www.firstexchange.com.

About the Certified Exchange Specialist Program
The CES Program was established by the FEA in 2003 to formally recognize individuals who have satisfied an experience requirement and demonstrated through testing, their comprehensive knowledge of Section 1031 and the facilitation of like-kind exchanges. Currently there are fewer than 250 CES designees nationwide. The FEA is the national trade association organized to represent professionals who conduct like-kind exchanges under Internal Revenue Code §1031 and the interests of the consumers who use their services. For more information on the CES designation, visit www.1031CES.org.

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