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First American Acquires Georgetown Title

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Rhea-AI Summary

First American Financial Corporation (NYSE: FAF) has acquired Georgetown Title, a respected name in Texas real estate with over 125 years of customer service excellence. This acquisition strengthens First American Title Insurance Company’s operations in Williamson County, offering Georgetown Title customers access to advanced resources and technology. The integration aligns with First American’s values, promising enhanced service in growing communities like Georgetown and Round Rock. First American, with a revenue of $7.1 billion in 2020, continues its position as a leader in title insurance and settlement services.

Positive
  • Acquisition enhances First American's service capabilities in Williamson County.
  • Georgetown Title customers gain access to industry-leading resources and technology.
  • Strengthens First American's presence in rapidly growing markets like Georgetown and Round Rock.
Negative
  • None.

First American Financial Corporation (NYSE: FAF), a leading provider of title insurance, settlement services and risk solutions for real estate transactions, today announced the acquisition of Georgetown Title, a premier brand within the Texas real estate community with a track record of providing superior customer service that spans more than 125 years. Georgetown Title will become part of the direct operations of First American’s largest subsidiary, First American Title Insurance Company, strengthening First American Title Insurance Company’s ability to serve customers in Williamson County.

Georgetown Title’s customers will benefit from access to industry-leading resources and state-of-the-art technology available from one of the nation’s largest title and settlement providers.

“The Georgetown team has an outstanding reputation in Williamson County and their commitment to teamwork and providing a positive customer experience aligns well with First American’s values,” said Justin Taylor, vice president and state manager for First American Title’s Texas operations. “We are eager to welcome the Georgetown team to the First American family and look forward to bringing added services and resources to their customers in Williamson County, specifically in the thriving communities of Georgetown and Round Rock.”

David Hays, one of Georgetown Title’s former owners who now serves as First American Title’s vice president of regional business development, added, "As Williamson County and the region continue to grow rapidly, we’re proud to join First American, as it will only enhance our ability to provide the very best in service to our clients. Our employees will also appreciate the opportunity to be part of a company named to the Fortune 100 Best Companies to Work For® list for six consecutive years.”

About First American

First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $7.1 billion in 2020, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2021, First American was named to the Fortune 100 Best Companies to Work For® list for the sixth consecutive year. More information about the company can be found at www.firstam.com.

About Georgetown Title

Georgetown Title provides title insurance and settlement services to Williamson County and Central Texas. The company has a reputation for providing superior customer service that spans more than 125 years. More information about the company can be found at www.georgetowntitle.net.

FAQ

What is the purpose of First American's acquisition of Georgetown Title?

The acquisition aims to strengthen First American's operational capabilities in Williamson County and enhance service offerings to Georgetown Title's customers.

What are the expected benefits of the Georgetown Title acquisition for FAF shareholders?

Shareholders can expect improved service delivery and customer access to advanced technology, potentially driving revenue growth in the region.

When was the acquisition of Georgetown Title by First American announced?

The acquisition was announced in July 2021.

What is the significance of Georgetown Title in the Texas real estate community?

Georgetown Title has a 125-year legacy of superior customer service, making it a premier brand in the Texas real estate community.

First American Financial Corporation

NYSE:FAF

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