RICHMOND, Va., Oct. 7 /PRNewswire-FirstCall/ — LandAmerica Financial Group, Inc. (NYSE: LFG), a leading provider of real estate transaction services, through its subsidiary LandAmerica Credit Services, Inc. (LACR), announces the purchase of Credit Resources, Inc. (CRI), a New Jersey-based credit reporting company. With this move LACR, one of the nation’s largest mortgage credit reporting companies, further increases its presence in the New Jersey market.
Karen Slezak founded CRI over 21 years ago. Since then it has become one of the most innovative providers of credit solutions in New Jersey. Slezak and CRI were featured in the September 2004 issue of Garden State Woman magazine, a publication covering successful women in New Jersey. She was also a founder of the NCRA (National Credit Reporting Association), serving on its Board of Directors for ten years as well as serving once as president. Slezak will continue with LACR following the acquisition and leverage her industry knowledge on business development.
“This is a great opportunity for CRI and our customers,” said Slezak. “LandAmerica shares our commitment to delivering superior credit products and outstanding customer service. We are very excited to be part of the LandAmerica family.”
“This acquisition is key to achieving LandAmerica’s vision of becoming the premier real estate transaction services provider,” said Ken Goins, President of LACR. “We are very happy to have CRI and its employees join our team.”
About LandAmerica Financial Group, Inc., a Fortune 500 company
Headquartered in Richmond, Virginia, LandAmerica Financial Group, Inc. is a leading provider of real estate transaction services and on Fortune magazine’s 2004 list of most admired companies. Through its many subsidiaries, LandAmerica serves residential and commercial customers with more than 800 offices and a network of 10,000 active agents throughout the United States, Mexico, Canada, the Caribbean, Latin America, and Europe.
