Centex Title Expanding Operations; Company Acquires Benefit Land Title Company and Benefit Land Title Insurance Company.Business Editors DALLAS--(BUSINESS WIRE)--April 25, 2000 Centex Title, a subsidiary of Dallas-based Centex Corporation (NYSE NYSE See: New York Stock Exchange :CTX CTX Context (Management; Tandem) CTX Centex Corporation (stock symbol) CTX Centrex CTX Cyclophosphamide CTX Corporate Trade Exchange CTX Cytoxan CTX Cholera Toxin CTX Clinical Trial Exemption ), announced it has acquired Benefit Land Title Company and Benefit Land Title Insurance Company of Santa Ana Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif. Benefit Land Title Company was founded in 1986 in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County. In 1991, two former executives of Fidelity National Financial, Gregory A. Winters and Stephen D. Chaya, acquired the company. In 1995, Mr. Winters and Mr. Chaya formed Benefit Land Title Insurance Company, the first new California domiciled title insurance company formed in more than 20 years. Last year, the company wrote more than 18,000 title policies. Mr. Winters, president, and Mr. Chaya, executive vice president, will continue to manage Benefit's California operations as a Centex Title subsidiary. "The acquisition of Benefit provides Centex a much-anticipated presence in California," said Karren The Karren is a mountain in Bregenzerwald, part of the Northern Limestone Alps in Vorarlberg, Austria. Karren is the terms used to describe the micro-solutional feature that form on exposed limestone surfaces. P. Bates Bates , Katherine Lee 1859-1929. American educator and writer best known for her poem "America the Beautiful," written in 1893 and revised in 1904 and 1911. , president and chief executive officer of Centex Title. "We plan to open additional branches throughout California to process escrow and title. In addition, Benefit will provide us the opportunity to service customers of our sister companies, including our home building and mortgage lending operations." In 1997, Centex Title acquired Westwood Insurance Agency of Sherman Oaks, Calif., a nationwide provider of several types of insurance policies, including auto, home, life, flood and umbrella policies. Other companies in the Centex Title group include Commerce Land Title, servicing Texas and Minnesota, and Metropolitan Title and Guaranty, servicing Florida, Maryland, Virginia, Georgia, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Kentucky and New Jersey. Through its other subsidiaries, Centex Corporation ranks as one of the nation's largest home builders, non-bank-affiliated retail mortgage lenders and general building contractors. The company also has operations in investment real estate and owns approximately 65% of a publicly held construction products company. FORTUNE magazine recently named Centex the No. 1 "Most Admired Company in America" in its engineering and construction category. |
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