Stewart Acquires Cuesta Title in Tulare and Kings Counties, Calif.

March 1, 2004

Stewart Title of California has acquired the remaining 20 percent interest in the Cuesta Title offices in Tulare and Kings counties in central California. Terms of the acquisition were not released.

Existing key management and staff will remain, including former owner and President Scott Collins, who will become a division president for Stewart Title of California. There are 43 employees in the three offices, which have been renamed Stewart Title.

"Stewart Title has been Cuesta Title's primary underwriter for many years, and has held an ownership position in the company since 2001," said Collins. "Stewart has the outstanding reputation, the financial strength and the national coverage that will allow our office to strengthen our tradition of service to our longtime customers."

Stewart had purchased an 80 percent interest in Cuesta Title Co. in March 2001.

"Cuesta Title has been an integral part of the real estate community in the mid-state area since 1998," said Allan Wasserman, president, Stewart Title of California. "Stewart Title is proud to be part of that rich heritage, and we are pleased to have the talented Cuesta Title staff as part of the Stewart family."

Source: Stewart Information Services Corp.


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.