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Industry News

LandAmerica Acquires Premier Title Agency in Arizona

January 2, 2002

RICHMOND, Va., /PRNewswire/ -- Transnation Title Insurance Company, a subsidiary of LandAmerica Financial Group (NYSE: LFG ), a leading provider of real estate services, headquartered in Richmond, Virginia announces the acquisition of Premier Title Agency, Inc. in Navajo County, Arizona.

Under the leadership of president Joshua Hall, Premier Title Agency has built a significant presence in Navajo County, part of the dynamic economic development of Arizona. The agency's four branch offices and 14 employees, including the agency president, will become an important component of LandAmerica's Arizona operations.

In commenting on the transaction, Mr. Hall said, "The focus of Premier Title has always been on our customers and how we can provide a superior level of service along with a high quality product. The best way to continue to serve our clients is by aligning ourselves with an organization well known and highly regarded for delivering certainty to the real estate process. Just like Premier, LandAmerica places a high priority on customer satisfaction."

Mr. Hall's new role with LandAmerica will be Vice President and County Manager. In welcoming Mr. Hall and his team to LandAmerica, Margaret M. Foster, Senior Vice President and Manager of Arizona Operations, commented, "We are fortunate to have the top independent agents in Navajo County join the LandAmerica family. The acquisition of Premier advances LandAmerica's growth strategy and we are delighted to welcome such a progressive company to our team. We look forward to working together to serve Premier's customers and to developing relationships with new customers."

LandAmerica Financial Group, Inc. is a leading provider of title insurance and a broad range of real estate-related services including appraisals, document preparation, credit and tax reporting, and home inspections. LandAmerica, through its subsidiaries Commonwealth Land Title Insurance Company, Lawyers Title Insurance Corporation, and Transnation Title Insurance Company, services its residential and commercial customers with more than 600 offices throughout the United States, Canada, the Caribbean, and South America.

Source: LandAmerica Financial Group, Inc.

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