First American Title Insurance Completes Acquisition of Pacific Northwest Title Holding Company

June 23, 2004

SANTA ANA, Calif., First American Title Insurance Companyhas completed its acquisition of Seattle-based Pacific Northwest Title Holding Company and its subsidiaries. The acquisition, which was originally announced in December 2003 and closed June 1, 2004, significantly increases First American's regional presence. Pacific Northwest has more than 500 employees and approximately 25 offices.

Incorporated in 1983, Pacific Northwest has 10 title services subsidiaries, including Pacific Northwest Title Insurance Company. Licensed in Washington, Oregon, Idaho and Alaska, the company and its subsidiaries own portions of 14 title plants. Pacific Northwest also serves as an underwriter for an extensive number of unaffiliated agents.

A wholly owned subsidiary of First American, Pacific Northwest will continue to operate under its existing name as an independent company. Dennie L. Rowland, senior executive vice president of First American Title Insurance Company, will serve as chairman. Rowland is responsible for helping guide First American Title's multiple brand strategy.

Source: First American Title Insurance Company


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.