July 1st, 2008, marks the birth of the very first minority-owned Title Company if not in the entire country, definitely in the State of California. With a management agreement signed between Team Nation Holdings, Inc., a Nevada Corporation and Reliance Logic, Inc., a California Corporation, the Alameda Division of First Southwestern Title was fully conceived. Mike Macapagal, a Filipino-American, and current President and CEO of First Reliance Escrow will serve as Division President and co-owner with 60% equity interest in his division. He will be headquartered in Union City, California. Another escrow branch is operating in Daly City, California. Several branches in and around the San Francisco Bay Area and Southern California will open very soon.<\/p>\n
With a team of highly qualified escrow and title professionals, the Southern-California based First Southwestern Title will see its operations expanding in Northern California for the very first time. Dennis Duffy, CEO of TEAM Nations, a publicly-traded holding company which owns several title, escrow, mortgage and other real estate companies based in the United States is extremely pleased of this development. We have long wanted to expand and target the key territories in the SF Bay Area but never had the opportunity to. Now, with the creation of the Alameda Division, under the able leadership of Mike Macapagal, we believe that we will capture a good portion of that market.<\/p>\n
For his part, Mike Macapagal is excited of being given the chance to own a piece of a title company and build it from scratch in Northern California. I am humbled of this opportunity, but I am also confident that we can make a huge difference here. I have the best and the brightest escrow team operating in the SF Bay Area today. And thats always been the key to my success. We will continue to expand and look for creative ways to stay afloat in this difficult market, while positioning strategically for when the market picks up in a year or two.<\/p>\n","protected":false},"excerpt":{"rendered":"
July 1st, 2008, marks the birth of the very first minority-owned Title Company if not in the entire country, definitely in the State of California. With a management agreement signed…<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"yoast_head":"\n