HOUSTON (Dec. 15, 2004) - Gov. John P. LaWare, a member of the board of directors of Stewart Information Services Corp. (NYSE-STC) and a former member of the Federal Reserve System board of governors, died Monday evening.
LaWare served with the Federal Reserve System board of governors from 1988 until 1995. He became an advisory director for Stewart in 1995 and was elected to the board in December 2001.
"We are saddened to learn of Governor LaWare's passing and extend our condolences to his family, friends and longtime business associates," said Malcolm Morris, chairman and co-chief executive officer, Stewart Information Services Corp.
A Harvard graduate, LaWare began his banking career in 1953 at Chemical Bank in New York. During his 25-year tenure, he spent several years as a senior lending officer before organizing its holding company operations and marketing division. He also served as chairman and director of Shawmut National Corp., a super regional bank holding company.
Stewart Information Services Corp. is a technology driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services through more than 7,800 issuing locations in the United States and several international markets. Stewart meets the needs of the real estate and mortgage industries through the delivery of information services required for settlement using e-commerce. These services include title reports, flood determinations, document preparation, property reports and background checks. Stewart also supplies post-closing services to lenders, automated county clerk land records, property ownership mapping and GIS for governmental entities. Stewart provides expertise in tax-deferred exchanges. More information about Stewart can be found at www.stewart.com.