BOISE, Idaho, April 1, 2013 /PRNewswire/ -- Two of the largest independent regional title and escrow companies in the Pacific Northwest are joining forces. Futura Title & Escrow, the parent company of Alliance Title & Escrow Corporation, announced today that it has closed the purchase of AmeriTitle, Inc., whose corporate offices are in Bend, Ore.
Combined, the companies will create the largest independent title and escrow group in the Pacific Northwest, with more than 600 title and escrow professionals and 73 offices operating in five states. The companies will maintain their separate brand identities.
"This is an ideal combination of two great regional companies," said Futura Title & Escrow CEO Larry Matney. "Our operations are very compatible and our customers and employees will benefit greatly from the geographical coverage, scale and service capabilities of the new organization."
AmeriTitle founder and President Linda Stelle will remain in her current position.
"As we considered the sale of our company, it was important to align with a parent company that was as deeply committed to the Pacific Northwest as we are," Stelle said. "As always, service with commitment to our local communities and customers will be among our highest priorities at AmeriTitle."
AmeriTitle and Alliance offer title, escrow, 1031 facilitations and long-term escrow processing throughout the Pacific Northwest, including Idaho, Oregon, Washington, Montana and Wyoming.
The sale of AmeriTitle is part of a strategy by its previous owner JELD-WEN to focus on its core manufacturing business. The company has owned AmeriTitle for 28 years.
Headquartered in Bend, Ore., AmeriTitle is one of the largest title and escrow companies in the Pacific Northwest. With nearly 300 employees, AmeriTitle has offices in Oregon, Idaho and Washington and works with a variety of clients, ranging from first-time homebuyers to the most complex commercial projects. With an emphasis on local customer service, the company has continued to expand its national footprint. For more information about AmeriTitle, visit http://www.ameri-title.com/
About Alliance Title & Escrow
Deeply rooted in the Pacific Northwest, dating back to the late 1800's, Alliance Title & Escrow Corp. became part of the Futura Corporation family of companies in the spring of 1995. Alliance is one of the Pacific Northwest's largest title insurance agencies. Headquartered in Boise, Idaho, the company has 33 branch operations throughout Idaho, Montana, Washington and Wyoming. For more information visit http://www.alliancetitle.com/
SOURCE Futura Title & Escrow Corporation