Capital Title Group Receives Approval From California Department of Insurance For Merger With Nations Holding Group
|September 13, 2002|
PHOENIX, /PRNewswire-FirstCall/ -- Capital Title Group, Inc. (Nasdaq: CTGI) received regulatory approval from the California Department of Insurance pursuant to California Insurance Code section 1215.2 to complete its previously announced merger with Nations Holding Group, a privately held California title insurance company, Donald R. Head chairman, president and chairman executive office of Capital Title Group, announced. Mr. Head added that the transaction is anticipated to close in accordance with the definitive agreement that provides a five day closing period subsequent to receiving regulatory approval.
Headquartered in Phoenix, Arizona, Capital Title Group, Inc. is a regional title insurance agent with 71 offices representing five title insurance companies and also offers real estate-related services for residential and commercial customers through its wholly owned subsidiaries, Capital Title Agency in Arizona and New Century Title Company in California. Nations and its subsidiary companies have 43 offices in California.
Source: Capital Title Group, Inc.