Fidelity National Financial has acquired the land trust business assets of LaSalle Bank National Association, one of the nation’s oldest providers of land trustee services, the company announced today.
Under the terms of the acquisition, the land trust business assets of LaSalle Bank will be merged into the current operations of Chicago Title Land Trust Co., creating the largest provider of land trustee services in the Eastern United States.
Chicago Title Land Trust Co. will assume more than 34,000 existing land trusts through the acquisition, with key members of the LaSalle Bank Land Trust operations joining Chicago Title Land Trust Co. to provide ongoing continuity to the former clients of LaSalle Bank.
“The Chicago Title Land Trust Co. will continue to operate as a wholly-owned subsidiary within our title insurance business and will become a part of the publicly traded Fidelity National Title Group,” said Raymond R. Quirk, president of FNF.
Fidelity National Financial provides products and outsourced services to financial institutions and the real estate industry.
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