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North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Industry News

Capital Title Group Completes $28 Million Acquisition of Nationwide Appraisal Services

May 3, 2004

SCOTTSDALE, Ariz., Capital Title Group, Inc. (Nasdaq: CTGI) -- has completed its previously announced acquisition of Nationwide Appraisal Services, Inc. (Nationwide), which expands the company's presence in the title insurance industry from its position as a regional leader in the Southwestern market to being a national market company with added services. Nationwide recorded revenue of $44.8 million for year 2003 and pre-tax earnings of $5.4 million. Approximately 56% of Nationwide's revenue comes from appraisal services with the balance related to title and settlement services. Under the terms of the agreement, approved by the Board of Directors for each company, Capital Title paid $25 million in cash, of which Comerica Bank provided financing of $16 million, with $3 million in deferred cash consideration payable if certain conditions are satisfied after the closing of the transaction. Miller Capital Corporation acted as merger and acquisition advisor to Capital Title Group.

Sourec: Capital Title Group, Inc.

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