Stewart Title & Trust of Phoenix Inc. acquires Safford Title Agency in Safford, Ariz.
HOUSTON (Oct. 31, 2007) - Stewart Title & Trust of Phoenix Inc. has acquired Safford Title Agency in Safford, Ariz. Existing management and staff will remain with the office, which will retain its current name.
Former owner and manager W.E. "Bill" Griffin, a leader in the community, will assume the role of chairman.
"Stewart Title Guaranty Company had been working as the underwriter for Safford Title Agency for 15 years, so we were already acquainted with this great group of people," said Brian Hughes, president, Stewart Title & Trust of Phoenix. "We see this as a wonderful opportunity to have a direct operation in a part of the state that is seeing a great deal of growth."
Wayne Griffin, who is currently serving as senior escrow officer, will move into the role of Safford Title Agency president and office manager. He is the current president of the Graham County Chamber of Commerce and is in his third year of Chamber board leadership.
"We are excited about having access to the resources of a larger company," said Griffin. "Stewart has a great deal of expertise handling technology, benefits and other back-office tasks. So now, our employees and managers can concentrate our time on providing the best service to our customers, who include the home buyers and sellers, attorneys, developers, builders and lenders in our area."
Located in southeastern Arizona, Safford is the Graham County seat and is a retail trade and service center for a regional population of more than 65,000 people. Agriculture and ranching plays a role in the local economy in addition to a substantial Freeport-McMoRan Morenci copper operation in adjacent Greenlee County. Freeport-McMoRan is currently developing another copper-mining project just north of Safford.
Safford Title Agency is located at 811 W. South Court St., Safford, AZ 85546. Its phone number is (928) 428-0542.
Stewart Title & Trust of Phoenix Inc. is a subsidiary of Stewart Information Services Corp. (NYSE-STC), a customer-driven, technology-enabled, strategically competitive, real estate information, title insurance and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 9,500 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at www.stewart.com.