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FIRST AMERICAN FINANCIAL NAMES NEW VICE PRESIDENT, CHIEF FINANCIAL OFFICER

 SANTA ANA, Calif., Sept. 1 /PRNewswire/ -- Thomas A. Klemens of San Juan Capistrano has been named vice president-chief financial officer of both The First American Financial Corp. (NASDAQ: FAMR) and its principal subsidiary, First American Title Insurance Co. He replaces Jack H. Derloshon, who is retiring after 33 years with the company. In addition, Klemens has been elected to serve on the board of directors of First American Title Insurance Co.
 Klemens joined the corporate staff of First American Title in 1985 as vice president-controller. Previously, Klemens had been senior vice president and chief financial officer of a major building and development company in Southern California. Earlier he had spent four years at the international headquarters of Century 21 Real Estate Corp. as vice president and chief financial officer. He also had six years of experience as an auditor with Price Waterhouse early in his career.
 Klemens earned his bachelor's degree in accounting from California Polytechnic University, San Luis Obispo. A certified public accountant since 1975, he is a member of the American Institute of Certified Public Accountants, the California Society of CPAs and the National Association of Accountants.
 The First American Financial Corp., based in Santa Ana, is a leading provider of real estate financial services, including title insurance, tax monitoring and home warranty services, to real property buyers and mortgage lenders. The company also operates a trust and banking business in Southern California and credit reporting and property information services in selected eastern states. The company offers its title services through a network of more than 300 offices and 4,000 agents in all 50 states. It also provides title services abroad in the Bahamas, Bermuda, Canada, Guam, Mexico, Puerto Rico, the Virgin Islands and the United Kingdom.
 -0- 9/1/93
 /CONTACT: Parker S. Kennedy, president of The First American Financial Corp., 714-558-3211/
 (FAMR)


CO: The First American Financial Corp. ST: California IN: FIN SU: PER

MF-JL -- LA013 -- 7769 09/01/93 08:01 EDT
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Publication:PR Newswire
Date:Sep 1, 1993
Words:328
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