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Two Title Insurance Firms to Merge If State Approves

April 24, 1988

Subject to approval of the California Department of Insurance, American Title Co. and North American Title Co. will merge July 1, under the name North American Title Co.

Both firms are wholly owned subsidiaries of Glendale Federal Savings and Loan Assn. North American Title, in Walnut Creek, was acquired by Glendale Federal in 1986, while Orange-based American Title was acquired in 1984.

The new firm would have total annual revenues of about $75 million and employ 1,080 persons.

"The combination will produce operating efficiencies and create a single, statewide market presence to benefit major buildings and real estate professionals in Northern and Southern California," according to Dan R. Wentzel.

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