First American Financial Corporation is an American financial services company which provides title insurance and settlement services to the real estate and mortgage industries. The First American Family of Companies’ core business lines include title insurance and closing/settlement services; title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust and investment advisory services. With total revenue of $5.8 billion in 2017, the company offers its products and services directly and through agents. In June 2010, First American Financial Corporation was established when First American split its businesses to create First American Financial Corporation which provides title and settlement services to the real estate and mortgage industry, and CoreLogic, specializing in real estate information. Orange County Title Company (1889–1960) First American traces its roots to 1889, when Orange County, California—a rural, undeveloped area at the time—split off from the county of Los Angeles. Two firms opened to handle title matters in the brand-new county. Five years later, Charles Edward Parker (C.E. Parker), a local businessman, succeeded in merging the two competitors into a single entity—Orange County Title Company. C.E. Parker became the president of Orange County Title, which, starting in 1909, would pay a cash dividend every year for the rest of the century and would become one of the first abstract companies in California to qualify to issue title insurance policies. Donald Parker Kennedy (D.P. Kennedy), grandson of C.E. Parker, joined Orange County Title in 1948. D.P. Kennedy developed a plan to expand the company beyond Orange County, which was approved by the board of directors in 1957. First American Title Insurance and Trust Company (1960–1968) Orange County Title was renamed First American Title Insurance in 1960 to reflect operations beyond Orange County, D.P. Kennedy was named president of First American Title in 1963, replacing his uncle, George Parker. First American Title had its initial public offering on the over-the-counter market in 1964 and, four years later, was restructured with the formation of The First American Financial Corporation as a holding company. First American Title became a subsidiary company and a trust business was conducted through First American Trust Company. The First American Financial Corporation(1968–2000) First American expanded its title operations across the nation by opening new offices and acquiring existing title and abstract companies. In 1976, this growth lead to an expansion of