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LAWYERS TITLE CORPORATION PLANS NORTH CAROLINA ACQUISITION

 RICHMOND, Va., Nov. 5 /PRNewswire/ -- Lawyers Title Corporation (NASDAQ-NMS: LTCO) announced today that it has signed an agreement to acquire LTCO, Inc., a North Carolina corporation, d/b/a Lawyers Title of North Carolina. Lawyers Title of North Carolina has been an agent authorized to issue title insurance policies for Lawyers Title Insurance Corporation (LTIC), the principal operating subsidiary of Lawyers Title Corporation, for over 30 years. Lawyers Title of North Carolina has offices in Raleigh, Charlotte, Greensboro, Wilmington and Winston-Salem, N.C. The closing is scheduled for Nov. 15, 1993, contingent upon the receipt of certain approvals.
 The corporation resulting from the merger will be named Lawyers Title of North Carolina, Inc., a Virginia corporation. It will continue to issue title insurance policies on real estate and perform other services related to real estate transactions. Joseph M. Parker Jr., president and general counsel of LTCO, Inc., will continue in that capacity with the new subsidiary.
 Janet A. Alpert, president and chief operating officer of Lawyers Title Corporation and LTIC, stated: "The merger with Lawyers Title of North Carolina offers us great opportunities for business expansion in North Carolina and is part of our corporate strategy to acquire independent agents which we believe to have strong growth potential due to their geographic markets, among other factors. Our development of stronger relationships with the national banks headquartered in North Carolina will be enhanced by our having company-owned operations there."
 Founded in 1925 and headquartered in Richmond, LTIC offers a full line of title insurance services to residential and commercial customers through its network of subsidiaries, branch offices, agents and approved attorneys in the Untied States, Canada, Puerto Rico, the Bahama Islands and the U.S. Virgin Islands.
 -0- 11/5/93
 /CONTACT: H. Randolph Farmer, 804-281-6855, or G. William Evans, 804-281-6752, both of Lawyers Title/
 (LTCO)


CO: Lawyers Title Corporation; LTCO, Inc.; Lawyers Title of North
 Carolina, Inc. ST: Virginia, North Carolina IN: FIN SU: TNM


DC-IH -- DC025 -- 1376 11/05/93 16:41 EST
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Publication:PR Newswire
Date:Nov 5, 1993
Words:334
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