BANKING AND FINANCE
Compiled by James S. Granelli Times staff writer
Fidelity National Growth: Fidelity National, meantime, continues to grow.
Besides completing a $10-million acquisition this week in Arizona, the company also has filed documents with the Securities and Exchange Commission seeking approval to sell notes with a face value of $160 million.
The corporate IOUs are expected to provide the company with proceeds of $75 million, which will be used to acquire more title firms and related companies.
Fidelity grew from a storefront operation in Arizona 10 years ago to become the nation’s fifth largest title company.
