John Bethell Title Company, Inc. Announces Purchase of Meridian Title Corporation’s Bloomington Indiana Office

Today, June 13th, we announced that the company has entered into an agreement to purchase the Bloomington Indiana office of Meridian Title Corporation. Meridian’s three employees, Mike Duncan, Rose Henry and Sandi Weddle have accepted positions with John Bethell Title. The transaction will become effective June 17, 2011.

Mike, Rose and Sandy are experienced and highly regarded title professionals. I’m delighted that they’ve chosen to join us. They will fit right in with our great team and allow us to improve upon our market leading service.

Mark T. Myers, Chief Executive Officer of Meridian Title Corporation said, Bloomington was our only office in southern Indiana. While considering whether to leave the market we were most concerned about our employees well-being. As we talked, it was obvious to us that John shared this philosophy. We think this is a win for everyone involved.

We are also acquiring a great deal of historical land title records. With the addition of Meridian’s back files, we will now have access to prior title work on about 80,000 transactions. These prior files reduce the need for costly and time-consuming title searches allowing our customers to close their deals within shorter time frames.

Meridian will continue to close its transactions through June 17, 2011. Beginning June 20th, any pending transactions will be converted and closed at John Bethell Title. Post closings services on Meridian transactions will be coordinated by John Bethell Title.

Meridian Title Corporation is one of Indiana’s largest title insurance agencies with over thirty offices in Indiana, Illinois and Michigan. Meridian purchased the then Bloomington Abstract Company in 2003. Bloomington Abstract was founded by the late Martha Sims in the early 1950’s.

Please be assured that taking care of Meridian’s existing clients, especially those with pending transactions, is our number one priority. While a few of the transition logistics still need to be worked out, Mike, Rose and our leadership group have a plan in place to ensure that we meet all of our client’s expectations.

June 20, 2011: We’ve completed our acquisition. Here’s a link for details.

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