Title Security Agency of Arizona announced today the signing of a joint venture agreement to form a new company with First American Title Company’s Tucson and Green Valley Divisions. Title Security Agency’s wholly owned subsidiary, Landmark Title Assurance Agency – Tucson Division, will also become part of the new company.
The new locally owned and managed company will be called Title Security Agency, LLC, and provide title insurance and settlement services, trust, and local account servicing to customers participating in all types of Southern Arizona real estate transactions.
“By merging these market leaders, we have created a stronger company that can better serve the real estate community in Tucson, Green Valley and Casa Grande,” said Vivian Boggie, president and chief executive officer of Title Security Agency, LLC.
Bruce Jacobs, vice president and county manager of First American Title Company’s Tucson Division, will serve as executive vice president and chief operating officer of the new company. “We’re delighted by the opportunity to combine our talent and expertise with Title Security, a company known for its integrity, entrepreneurship and solid commitment to the real estate community,” said Jacobs.
Based in Tucson, Title Security Agency, LLC will employ 170 workers, have 20 offices, and provide its customers greater financial strength and more advanced tools and technologies. The company will continue offering continuing education for realtors through First American Title’s Eagle University.
The transaction is expected to close by May 1, 2014, subject to customary closing conditions and regulatory reviews.
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About Title Security Agency, LLC
Founded in 1972, Title Security Agency of Arizona has grown to become the largest, independently owned and operated escrow settlement and title agency in Southern Arizona with more than 170 employees and 20 offices. Services include: escrow settlement and title insurance services, real property research, account servicing and trust services for all types of real estate transactions. The company was built on a philosophy of integrity and excellence, entrepreneurial spirit, innovation, and compassion for its clients, employees and community. For information, visit www.titlesecurity.com.
About First American Title
First American Title Company is a subsidiary of First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions to participants in real estate transactions, which traces its heritage back to 1889. More information can be found at www.firstam.com.