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Industry Updates
FIRST AMERICAN
AGREES TO
PURCHASE
MOTHER LODE
HOLDING
First American Financial Corporation has
signed an agreement to acquire Mother Lode
Holding Company, a California-based provider
of title insurance, underwriting, and escrow
services for residential and commercial real
estate transactions with 17 operating subsidiaries
throughout the U.S., including its principal
subsidiary, Placer Title Company.
With 92 offices in 11 states, Mother Lode's
subsidiaries are rooted in a 48-year track record
of providing superior customer service, operating
primarily in California, Idaho, Montana,
Wyoming, Texas, Arizona, Washington, and
New Mexico.
"Mother Lode Holding Company's reach,
expertise, and commitment to superior customer
service aligns well with our existing operations
and will augment our efforts to expand our
coverage in key growth markets," said Dennis
J. Gilmore, CEO at First American Financial.
"With Mother Lode Holding Company and its
subsidiaries, we will expand our ability to serve
customers throughout many of the strongest
housing markets in the U.S."
Following the close of the transaction,
Mother Lode Holding Company and its
operating subsidiaries will continue to operate
under their existing brands. Mother Lode
Holding Company CEO Randy Bradley, COO
Lisa Steele, and President Darrick Blatnick will
remain with the company and manage day-to-
day operations.
"I'm excited about the new opportunities for
our staff across our family of brands to serve our
customers as the real estate market demonstrates
continued strength," Bradley said. "It was critical
to our leadership team that any acquisition
partner continue to support our employee-
centric culture. First American's inclusion on
the Fortune 100 Best Companies to Work For
List for six consecutive years reflects that shared
value."
