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Stuff and News International [mysan.de/international] - LandAmerica
Credit Services Increases Midwest Presence With the Acquisition of
Mortgage Credit Services, Inc.
RICHMOND, Va., Dec. 9 /PRNewswire-FirstCall/ -- LandAmerica Financial
Group, Inc. (NYSE:LFG), a leading provider of real estate transaction
services, through its subsidiary LandAmerica Credit Services, Inc.
(LACR), announces the purchase of Mortgage Credit Services, Inc. (MCS),
a credit reporting company based in Indianapolis, Indiana. With this
move, LACR, one of the nation's largest mortgage credit
reporting companies, establishes a significant presence in the Midwest.
Don L. Miller, CEO, founded MCS over 17 years ago. Since then it has
become one of the most respected providers of credit solutions in the
Midwest. Miller's son, David, joined the company in 1996 and
currently serves as President. David Miller will continue with LACR
following the acquisition and focus on business development in the
central United States. David currently serves on the board of directors
for the Indiana Mortgage Bankers Association and is also on the board
of directors for the National Credit Reporting Association.
"We are very excited about joining the LandAmerica
family," said Don Miller. "This move will enhance our
ability to meet the ever changing needs of our customers as well as
expand our footprint in the Midwest for LandAmerica. Our clients will
benefit greatly from the additional products and services that
LandAmerica offers."
"This has been a pivotal year for LACR's
growth," says Ken Goins, President of LACR. "Mortgage
Credit Services is a solid company with an excellent reputation. They
are a very welcome addition to the list of strategic acquisitions we
have made in 2004."
About LandAmerica Financial Group, Inc., a Fortune 500 company
Headquartered in Richmond, Virginia, LandAmerica Financial Group, Inc.
is a leading provider of real estate transaction services and on
Fortune magazine's 2004 list of most admired companies.
Through its many subsidiaries, LandAmerica serves residential and
commercial customers with more than 800 offices and a network of 10,000
active agents throughout the United States, Mexico, Canada, the
Caribbean, Latin America, and Europe.
Quelle: LandAmerica Financial Group, Inc.