First American Buys Namesake Firm

First American Title Insurance Co. has acquired California-based First American Title Co. of Marin.

The title company being acquired has a leading market share position in Marin County, Calif., one of the state's most affluent counties and second highest overall in average home values.

Originally founded with the assistance of First American in 1969, First American Title of Marin has grown to employ 65 people through its escrow branches in Novato, San Rafael, Greenbrae and Mill Valley.

Long-time First American Title of Marin owner-operator Jack Duggan has said that he will retire following the transaction. Michael Forkin, First American Title's San Francisco manager, will direct the Marin County operation. Terms of the transaction were not disclosed.

Copyright 2004 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.mortgageservicingnews.com