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Rock Holdings closes purchase of Founder's Title Insurance


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Rock Holdings closes purchase of Founder's Title Insurance

Rock Holdings Inc. acquiredFoundation Title Insurance Co.f/k/a Founder's Title Insurance from AgentsNational Title Insurance Co. through a stock purchase closed Dec. 8, 2015, followingapproval by the Texas Department of Insurance.

According to an annual statement filed by Foundation Title forthe year ended Dec. 31, 2015, in total 5,000 shares with a par value of $100 wereacquired by Rock Holdings. The acquired company's name change and redomesticationfrom Wyoming to Texas were executed immediately by Texas' insurance department uponits acquisition.

As of Dec. 31, 2015, Foundation Title operated indirectly tothe consumer through a single agency, Title Source Inc., an affiliate company underRock Holdings.