May 3, 2022, Santa Ana, Calif.
. First American Financial Corporation (NYSE: FAF), a premier company of title, settlement and danger options genuine estate deals and the leader in the digital improvement of its market, revealed today the completion of First American’s acquisition of Mom Lode Holding Company, a California-based service provider of title insurance coverage, underwriting and escrow services for residential and business real estate deals with 17 operating subsidiaries throughout the U.S., including its primary subsidiary Placer Title Company.
“We are happy to welcome Mom Lode and its over 1,000 people to the Very first American family,” stated Ken DeGiorgio, president of Very first American Financial Corporation. “The addition of Mom Lode will augment our efforts to expand our protection in essential growth markets and increase our ability to serve customers in much of the country’s strongest housing markets.”
Mom Lode Holding Company’s subsidiaries are premier brands within their particular property neighborhoods. With 92 workplaces in 11 states, the company is rooted in a 49-year track record of supplying superior customer service. Mother Lode Holding Company’s subsidiaries run mostly in California, Idaho, Montana, Wyoming, Texas, Arizona, Washington and New Mexico. The company’s reach, know-how and dedication to superior customer service complements Very first American’s existing operations. Clients of Mom Lode Holding Company’s operating subsidiaries will benefit from boosted underwriting resources and the industry’s biggest property and ownership dataset, in addition to access to other industry-leading resources for residential deals.
Mother Lode Holding Company Chief Executive Officer Randy Bradley, Chief Operating Officer Lisa Steele and President Darrick Blatnick will continue to lead the business, which will now run as an entirely owned subsidiary of Very first American. The business and its operating subsidiaries will continue to operate under their existing brand names.
“Joining First American will supply new opportunities for our personnel as we continue to serve our customers in this vibrant property market,” stated Bradley. “We’re likewise pleased to sign up with a company that similarly values cultivating an employee-centric culture, which is shown in First American’s being called among the 100 Finest Companies to Work For by Great Place to Work ® and Fortune publication for the seventh successive year.”
Houlihan Lokey functioned as monetary advisor to Mom Lode Holding Company on the deal.About First
American
First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk services for real estate transactions. With its combination of monetary strength and stability developed over more than 130 years, ingenious proprietary innovations, and unmatched information assets, the business is leading the digital change of its industry. First American also provides information items to the title market and other third parties; appraisal services and products; home mortgage subservicing; home service warranty items; banking, trust and wealth management services; and other associated products and services. With overall earnings of $9.2 billion in 2021, the company uses its services and products directly and through its agents throughout the United States and abroad. In 2022, First American was named among the 100 Finest Business to Work For by Great Place to Work ® and Fortune magazine for the seventh successive year. More details about the business can be discovered at www.firstam.com. About MomLode
Holding Company Mom Lode Holding Company providestitle insurance coverage, underwriting and escrow services for domestic and business property transactions through its 17 operating subsidiaries in the U.S. With 92 workplaces in 11 states, Mother Lode Holding Business’s subsidiaries operate mostly in California, Idaho, Montana, Wyoming, Texas, Arizona, Washington and New Mexico. Mother Lode Holding Company’s principal subsidiary, Second Title Company, was founded in 1973. More info about the business can be found at www.mlhc.com. Forward-Looking Statements Specific declarations made herein make up forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as changed, and Section 21E of the Securities Exchange Act of 1934, as changed. These forward-looking declarations can be determined by the truth that they do not relate strictly to historical or existing realities and may consist of the words”think,” “expect,” “expect,”” intend,””plan, “” predict,”” estimate,” “job, “”will be, “” will continue,” “will likely result,” or other similar words and phrases or future or conditional verbs such as” will,””may,””might,””should,””would,” or “could.”These forward-looking statements include, without restriction, statements concerning awaited take advantage of the transaction. These positive statements are based upon present expectations and assumptions that may show to be inaccurate. Threats and uncertainties exist that might cause outcomes to vary materially from those set forth in these positive statements. Aspects that might trigger the expected outcomes to vary from those explained in the positive declarations consist of, without restriction, regulatory-, innovation- or business-related difficulties. These positive statements speak just as of the date they are made. Very first American does not undertake to update positive
declarations to reflect situations or events that take place after the date the positive statements are made. # # #