Mother Lode Holding Company Acquires Wisconsin Title Service Company Inc. and Its Sister Company

Rhea-AI Summary

Mother Lode Holding Company, a California-based provider of title insurance, underwriting, and escrow services, announced the acquisition of Wisconsin Title Service Company, Inc., expanding its presence in Wisconsin. The acquisition includes sister company Wisconsin Title Closing Service, Inc., as well as title plants in key counties.

Positive

• Expansion into Wisconsin market through acquisition of Wisconsin Title Service Company, Inc.

• Enhanced underwriting resources and capabilities for residential transactions.

• Preservation of Wisconsin Title Service Company's local expertise and superior customer service.

• Continuation of operations led by current President and Vice President as a subsidiary of Mother Lode Holding Company.

• Opportunities for staff growth and added value for customers through industry-leading capabilities.

Negative

• None.

—Purchase expands Mother Lode’s footprint into Wisconsin—

ROSEVILLE, Calif.--(BUSINESS WIRE)-- Mother Lode Holding Company, a California-based provider of title insurance, underwriting and escrow services for residential and commercial real estate transactions and a subsidiary of First American Financial Corporation (NYSE: FAF), today announced the acquisition of Wisconsin Title Service Company, Inc., a Wisconsin-based title insurance agency with a deep history in the state. The acquisition included Wisconsin Title Service Company’s sister company, Wisconsin Title Closing Service, Inc., as well as its title plants in Milwaukee, Waukesha, Walworth and Washington counties.

“We are pleased to welcome Wisconsin Title Service Company into the Mother Lode family,” said Lisa Steele, chief operating officer of Mother Lode Holding Company. “Their commitment to customer service and innovation mirrors our own, providing a unique opportunity to expand our coverage in key markets, while bringing added capabilities to Wisconsin Title Service Company’s clients.”

With a 75-year legacy, Wisconsin Title Service Company is a premier brand within the state’s real estate community. The company’s local expertise and decades-long track record of delivering superior customer service complements Mother Lode Holding Company’s operations. Customers of Wisconsin Title Service Company will benefit from enhanced underwriting resources and access to other industry-leading capabilities for residential transactions.

Wisconsin Title Service Company President Carrie Hoyer and Vice President Mark Ciborowski will continue to lead the company, which will now operate as a wholly owned subsidiary of Mother Lode Holding Company.

“Joining Mother Lode Holding Company will provide new opportunities for our staff as we continue to provide our customers with the same outstanding service they expect from us, with the added value and capabilities of an industry leader,” said Hoyer. “We’re also pleased to join a company that similarly values fostering a world-class culture, which is reflected in Mother Lode’s parent company, First American, being named one of the 100 Best Companies to Work For by Great Place to Work^® and Fortune Magazine for the ninth consecutive year.”

About Wisconsin Title Service Company, Inc.

Wisconsin Title Service Company, Inc. specializes in title and closing services for residential purchase transactions. With a 75-year legacy of providing superior customer service to the Wisconsin real estate community, the company has offices in Waukesha and Racine and title plants in Milwaukee, Waukesha, Walworth and Washington counties. More information can be found at https://wititle.com.

About Mother Lode Holding Company

Mother Lode Holding Company provides title insurance, underwriting and escrow services for residential and commercial real estate transactions through its 17 operating subsidiaries in the U.S. With offices in 12 states, Mother Lode Holding Company’s subsidiaries operate primarily in California, Idaho, Montana, Wyoming, Texas, Arizona, Washington and New Mexico. Mother Lode Holding Company’s principal subsidiary, Placer Title Company, was founded in 1973. More information about the company can be found at www.mlhc.com.

About First American

First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $6.0 billion in 2023, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2024, First American was named one of the 100 Best Companies to Work For by Great Place to Work^® and Fortune Magazine for the ninth consecutive year. The company was named one of the 100 Best Workplaces for Innovators by Fast Company in 2023. More information about the company can be found at www.firstam.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240513893495/en/

Media Contact:

Marcus Ginnaty

Corporate Communications

First American Financial Corporation

(714) 250-3298



Investor Contact:

Craig Barberio

Investor Relations

First American Financial Corporation

(714) 250-5214

Source: Mother Lode Holding Company

FAQ

What is the name of the California-based company that acquired Wisconsin Title Service Company, Inc.?

Mother Lode Holding Company.

What is the stock symbol for Mother Lode Holding Company's parent company?

NYSE: FAF.

Who will continue to lead Wisconsin Title Service Company after the acquisition?

President Carrie Hoyer and Vice President Mark Ciborowski.

In which key markets will Mother Lode Holding Company expand its coverage through the acquisition?

Milwaukee, Waukesha, Walworth, and Washington counties.

For how many years has Wisconsin Title Service Company been operating?

75 years.