The local office of Alliance Title, a large title company, is shutting down as of 5 p.m. Thursday along with all of Alliance's California operations, an official said Wednesday.
In Kern County, 36 people will likely lose their jobs, said Brynn Powers, vice president/general manager of Bakersfield operations.
The closure is not due to local economic conditions, he said. He said the local branch is financially healthy.
He said he couldn’t speak to the company’s finances at a larger level.
What I heard was they were planning to close in January, but then they were told today to get ready to hand over files today at 5 pm to First American Title. First American Title is taking files ONLY, no escrow officers.