Mercury Cos. exits three states

Title and escrow provider owes First American

Mercury Companies Inc. is closing down its title and escrow subsidiaries in California, Texas and Arizona, after the Colorado-based company was denied additional credit by lenders.

In California, Mercury subsidiary Financial Title Co., a title and escrow service provider with 57 offices in 10 counties, closed its doors Wednesday much the way sister company Alliance Title did in December — abruptly, and with little warning to employees, clients or regulators.