Fidelity National Buys Portland Firm as Part of Expansion Effort
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Fidelity National Financial Inc., an Irvine title insurance underwriter, has acquired a Portland, Ore., title company for $2.3 million, Fidelity officials said Thursday.
Purchase of Western Title Company, which has six offices in the Portland area, is Fidelity’s latest effort to expand in the Western coastal states, said Monte Sturgeon, Fidelity’s assistant treasurer.
“We have operations in 29 states, excluding Oregon,” Sturgeon said. “We’re always looking at expansion. . . . In November, 1987, we bought Western Title Insurance Company and its four subsidiaries. It was in San Francisco.”
Western Title Company has annual revenue of more than $300 million and employs about 50 workers. Its name will be changed to Fidelity National Title Co. of Oregon, and all of its policies will be underwritten by Fidelity National Title Insurance Co. of California.
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